MongoDB, Inc. (NASDAQ:MDB) Receives $319.87 Consensus Target Price from Analysts

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the thirty-one research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and twenty-three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $319.87.

MDB has been the subject of several research analyst reports. KeyCorp cut MongoDB from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. The Goldman Sachs Group lowered their price target on MongoDB from $390.00 to $335.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. Barclays lowered their price target on MongoDB from $330.00 to $280.00 and set an "overweight" rating on the stock in a research note on Thursday, March 6th. Loop Capital lowered their price target on MongoDB from $400.00 to $350.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. Finally, Citigroup restated a "buy" rating on shares of MongoDB in a research note on Thursday, March 6th.

MongoDB Price Performance

Shares of NASDAQ MDB traded down $11.02 during trading hours on Tuesday, hitting $185.10. 2,969,478 shares of the company's stock were exchanged, compared to its average volume of 1,688,038. MongoDB has a 1-year low of $173.13 and a 1-year high of $387.19. The stock has a market capitalization of $13.78 billion, a price-to-earnings ratio of -67.55 and a beta of 1.30. The company's 50-day moving average price is $257.94 and its 200-day moving average price is $272.48.

Remove Ads

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.45). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business had revenue of $548.40 million for the quarter, compared to analyst estimates of $519.65 million. During the same period in the prior year, the firm posted $0.86 EPS. On average, research analysts expect that MongoDB will post -1.78 earnings per share for the current year.

Insider Buying and Selling

In other MongoDB news, Director Dwight A. Merriman sold 885 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $292.05, for a total transaction of $258,464.25. Following the transaction, the director now owns 83,845 shares of the company's stock, valued at approximately $24,486,932.25. This represents a 1.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Thomas Bull sold 169 shares of the company's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $39,561.21. Following the transaction, the chief accounting officer now directly owns 14,899 shares in the company, valued at approximately $3,487,706.91. This represents a 1.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,314 shares of company stock worth $12,981,833 in the last three months. Insiders own 3.60% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MDB. Centaurus Financial Inc. lifted its stake in shares of MongoDB by 19.0% in the 4th quarter. Centaurus Financial Inc. now owns 2,499 shares of the company's stock valued at $582,000 after purchasing an additional 399 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of MongoDB in the 4th quarter valued at $13,270,000. Azzad Asset Management Inc. ADV lifted its stake in shares of MongoDB by 17.7% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 7,519 shares of the company's stock valued at $1,750,000 after purchasing an additional 1,132 shares during the period. Infinitum Asset Management LLC acquired a new position in shares of MongoDB in the 4th quarter valued at $8,148,000. Finally, Polar Asset Management Partners Inc. acquired a new position in shares of MongoDB in the 4th quarter valued at $14,458,000. 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.