MongoDB, Inc. (NASDAQ:MDB) Receives Consensus Rating of "Moderate Buy" from Brokerages

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) has received a consensus rating of "Moderate Buy" from the twenty-seven analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $337.96.

Several research firms have recently commented on MDB. Royal Bank of Canada reiterated an "outperform" rating and issued a $350.00 price objective on shares of MongoDB in a report on Friday, August 30th. Citigroup lifted their price objective on MongoDB from $350.00 to $400.00 and gave the stock a "buy" rating in a report on Tuesday, September 3rd. Morgan Stanley lifted their price objective on MongoDB from $320.00 to $340.00 and gave the stock an "overweight" rating in a report on Friday, August 30th. DA Davidson lifted their price objective on MongoDB from $330.00 to $340.00 and gave the stock a "buy" rating in a report on Friday, October 11th. Finally, Truist Financial boosted their price target on MongoDB from $300.00 to $320.00 and gave the company a "buy" rating in a report on Friday, August 30th.

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 3,000 shares of the company's stock in a transaction that occurred on 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 directly owns 1,135,006 shares of the company's stock, valued at approximately $330,048,394.74. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other MongoDB news, Director Dwight A. Merriman sold 3,000 shares of the business's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $290.79, for a total transaction of $872,370.00. Following the completion of the sale, the director now directly owns 1,135,006 shares in the company, valued at approximately $330,048,394.74. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 1,000 shares of the business's stock in a transaction on Friday, August 30th. The shares were sold at an average price of $290.40, for a total transaction of $290,400.00. Following the sale, the director now owns 1,138,006 shares of the company's stock, valued at approximately $330,476,942.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,281 shares of company stock valued at $6,657,121. 3.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MongoDB

Hedge funds and other institutional investors have recently modified their holdings of the stock. MFA Wealth Advisors LLC purchased a new stake in shares of MongoDB in the 2nd quarter worth $25,000. J.Safra Asset Management Corp increased its stake in shares of MongoDB by 682.4% in the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company's stock worth $33,000 after purchasing an additional 116 shares in the last quarter. Quarry LP increased its stake in MongoDB by 2,580.0% in the 2nd quarter. Quarry LP now owns 134 shares of the company's stock worth $33,000 after buying an additional 129 shares in the last quarter. Hantz Financial Services Inc. purchased a new stake in MongoDB in the 2nd quarter worth $35,000. Finally, GAMMA Investing LLC increased its stake in MongoDB by 178.8% in the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company's stock worth $39,000 after buying an additional 93 shares in the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

MongoDB Price Performance

MDB stock traded up $6.23 during mid-day trading on Wednesday, hitting $280.98. 940,522 shares of the stock were exchanged, compared to its average volume of 1,256,259. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03. The business has a fifty day moving average price of $276.77 and a 200 day moving average price of $277.95. MongoDB has a 12 month low of $212.74 and a 12 month high of $509.62. The stock has a market capitalization of $20.76 billion, a price-to-earnings ratio of -93.04 and a beta of 1.15.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.21. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The firm had revenue of $478.11 million during the quarter, compared to analyst estimates of $465.03 million. During the same quarter in the previous year, the company posted ($0.63) earnings per share. The company's revenue was up 12.8% compared to the same quarter last year. On average, sell-side analysts anticipate that MongoDB will post -2.39 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.