Brokerages Set MongoDB, Inc. (NASDAQ:MDB) PT at $363.93

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) has earned a consensus rating of "Moderate Buy" from the thirty research firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, twenty-two have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $363.93.

A number of research analysts recently issued reports on MDB shares. Rosenblatt Securities started coverage on MongoDB in a report on Tuesday, December 17th. They issued a "buy" rating and a $350.00 target price for the company. Wells Fargo & Company lifted their price objective on MongoDB from $350.00 to $425.00 and gave the company an "overweight" rating in a research note on Tuesday, December 10th. Morgan Stanley raised their target price on shares of MongoDB from $340.00 to $350.00 and gave the company an "overweight" rating in a report on Tuesday, December 10th. Oppenheimer boosted their price target on shares of MongoDB from $350.00 to $400.00 and gave the stock an "outperform" rating in a report on Tuesday, December 10th. Finally, KeyCorp boosted their target price on shares of MongoDB from $330.00 to $375.00 and gave the stock an "overweight" rating in a research note on Thursday, December 5th.

MongoDB Trading Up 2.1 %

MDB traded up $5.15 during mid-day trading on Monday, hitting $253.11. 1,399,732 shares of the stock were exchanged, compared to its average volume of 2,029,037. The company has a market cap of $18.85 billion, a PE ratio of -92.38 and a beta of 1.25. The firm's fifty day moving average is $277.47 and its two-hundred day moving average is $269.11. MongoDB has a 1-year low of $212.74 and a 1-year high of $509.62.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings data on Monday, December 9th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business had revenue of $529.40 million during the quarter, compared to analyst estimates of $497.39 million. During the same quarter last year, the firm posted $0.96 earnings per share. The business's revenue for the quarter was up 22.3% compared to the same quarter last year. As a group, research analysts anticipate that MongoDB will post -1.79 earnings per share for the current year.

Insider Transactions at MongoDB

In other MongoDB news, CAO Thomas Bull sold 1,000 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $355.92, for a total value of $355,920.00. Following the completion of the transaction, the chief accounting officer now directly owns 15,068 shares of the company's stock, valued at approximately $5,363,002.56. This trade represents a 6.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 1,045 shares of MongoDB stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $242.67, for a total transaction of $253,590.15. Following the sale, the director now owns 85,652 shares of the company's stock, valued at approximately $20,785,170.84. The trade was a 1.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,821 shares of company stock worth $6,831,215. Company insiders own 3.60% of the company's stock.

Hedge Funds Weigh In On MongoDB

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jennison Associates LLC raised its holdings in shares of MongoDB by 23.6% in the third quarter. Jennison Associates LLC now owns 3,102,024 shares of the company's stock worth $838,632,000 after acquiring an additional 592,038 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in MongoDB by 1,098.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company's stock valued at $106,084,000 after purchasing an additional 388,979 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in MongoDB by 11,057.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company's stock valued at $69,119,000 after purchasing an additional 294,228 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of MongoDB during the 2nd quarter worth about $52,131,000. Finally, Avala Global LP purchased a new stake in shares of MongoDB during the third quarter worth about $47,960,000. Institutional investors and hedge funds own 89.29% of the company's stock.

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.