MongoDB, Inc. (NASDAQ:MDB) Receives $337.56 Consensus PT from Brokerages

MongoDB, Inc. (NASDAQ:MDB) has earned a consensus rating of “Moderate Buy” from the twenty-six brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $337.56.

Several analysts recently issued reports on MDB shares. DA Davidson upped their price objective on MongoDB from $265.00 to $330.00 and gave the company a “buy” rating in a report on Friday, August 30th. JMP Securities reaffirmed a “market outperform” rating and set a $380.00 price target on shares of MongoDB in a research report on Friday, August 30th. Morgan Stanley boosted their price objective on shares of MongoDB from $320.00 to $340.00 and gave the company an “overweight” rating in a report on Friday, August 30th. Guggenheim raised shares of MongoDB from a “sell” rating to a “neutral” rating in a report on Monday, June 3rd. Finally, Mizuho boosted their price target on MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a research note on Friday, August 30th.

Insider Activity at MongoDB

In other MongoDB news, CAO Thomas Bull sold 138 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total transaction of $36,610.02. Following the sale, the chief accounting officer now directly owns 17,222 shares of the company’s stock, valued at approximately $4,568,824.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other MongoDB news, CAO Thomas Bull sold 138 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total value of $36,610.02. Following the sale, the chief accounting officer now owns 17,222 shares in the company, valued at approximately $4,568,824.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dwight A. Merriman sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $290.79, for a total value of $872,370.00. Following the transaction, the director now owns 1,135,006 shares of the company’s stock, valued at $330,048,394.74. The disclosure for this sale can be found here. Insiders sold a total of 22,005 shares of company stock worth $5,802,746 in the last quarter. 3.60% of the stock is owned by insiders.

Institutional Investors Weigh In On MongoDB

Institutional investors have recently modified their holdings of the company. Norges Bank bought a new stake in MongoDB during the fourth quarter valued at $326,237,000. Jennison Associates LLC lifted its stake in shares of MongoDB by 14.3% in the 1st quarter. Jennison Associates LLC now owns 4,408,424 shares of the company’s stock valued at $1,581,037,000 after purchasing an additional 551,567 shares during the period. Swedbank AB boosted its position in shares of MongoDB by 156.3% during the 2nd quarter. Swedbank AB now owns 656,993 shares of the company’s stock valued at $164,222,000 after purchasing an additional 400,705 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in MongoDB by 1,098.1% during the second quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company’s stock worth $106,084,000 after purchasing an additional 388,979 shares during the period. Finally, Axiom Investors LLC DE bought a new stake in MongoDB in the fourth quarter worth approximately $153,990,000. 89.29% of the stock is owned by institutional investors.

MongoDB Trading Up 0.4 %

Shares of MongoDB stock opened at $279.48 on Tuesday. MongoDB has a 1 year low of $212.74 and a 1 year high of $509.62. The company has a market capitalization of $20.50 billion, a price-to-earnings ratio of -99.46 and a beta of 1.15. The business has a fifty day simple moving average of $259.60 and a two-hundred day simple moving average of $296.21. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03.

MongoDB (NASDAQ:MDB) last announced its earnings results on Thursday, August 29th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.49 by $0.21. The business had revenue of $478.11 million during the quarter, compared to the consensus estimate of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. MongoDB’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.63) EPS. Research analysts forecast that MongoDB will post -2.46 EPS for the current year.

MongoDB Company Profile

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.