MongoDB, Inc. (NASDAQ:MDB) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of MongoDB, Inc. (NASDAQ:MDB) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-four ratings firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and nineteen have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $444.93.

Several research firms have recently commented on MDB. Tigress Financial upped their target price on MongoDB from $495.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Redburn Atlantic reiterated a “sell” rating and issued a $295.00 price objective (down from $410.00) on shares of MongoDB in a research report on Tuesday, March 19th. Citigroup increased their price objective on MongoDB from $515.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Guggenheim boosted their price target on MongoDB from $250.00 to $272.00 and gave the stock a “sell” rating in a research report on Monday, March 4th. Finally, UBS Group reissued a “neutral” rating and set a $410.00 price target (down from $475.00) on shares of MongoDB in a report on Thursday, January 4th.

Insider Transactions at MongoDB

In related news, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $365.00, for a total value of $730,000.00. Following the transaction, the director now owns 1,154,784 shares in the company, valued at $421,496,160. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other MongoDB news, CEO Dev Ittycheria sold 33,000 shares of MongoDB stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $405.77, for a total value of $13,390,410.00. Following the transaction, the chief executive officer now directly owns 198,166 shares of the company’s stock, valued at approximately $80,409,817.82. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $365.00, for a total value of $730,000.00. Following the completion of the sale, the director now directly owns 1,154,784 shares of the company’s stock, valued at $421,496,160. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 92,802 shares of company stock valued at $36,356,911. 4.80% of the stock is owned by insiders.

Institutional Trading of MongoDB

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James & Associates increased its holdings in MongoDB by 32.0% in the 1st quarter. Raymond James & Associates now owns 4,922 shares of the company’s stock valued at $2,183,000 after buying an additional 1,192 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of MongoDB by 19.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,282 shares of the company’s stock valued at $569,000 after acquiring an additional 206 shares in the last quarter. MetLife Investment Management LLC bought a new position in MongoDB during the first quarter worth about $1,823,000. Panagora Asset Management Inc. boosted its holdings in MongoDB by 9.8% during the first quarter. Panagora Asset Management Inc. now owns 1,977 shares of the company’s stock valued at $877,000 after purchasing an additional 176 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its stake in shares of MongoDB by 100.3% in the 1st quarter. Vontobel Holding Ltd. now owns 2,873 shares of the company’s stock valued at $1,236,000 after purchasing an additional 1,439 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Trading Down 2.4 %

NASDAQ:MDB opened at $327.47 on Friday. The company has a market cap of $23.85 billion, a PE ratio of -132.04 and a beta of 1.19. The business’s 50 day moving average is $390.81 and its two-hundred day moving average is $389.91. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07. MongoDB has a 52 week low of $212.52 and a 52 week high of $509.62.

MongoDB (NASDAQ:MDB) last released its earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing the consensus estimate of ($0.71) by ($0.32). MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. The business had revenue of $458.00 million for the quarter, compared to the consensus estimate of $431.99 million. On average, analysts predict that MongoDB will post -2.53 EPS for the current year.

About MongoDB

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.