MongoDB, Inc. (NASDAQ:MDB) Receives $361.00 Consensus Price Target from Analysts

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) has been given an average recommendation of "Moderate Buy" by the thirty-one analysts that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, twenty-three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $361.00.

Several brokerages have recently commented on MDB. Needham & Company LLC boosted their target price on shares of MongoDB from $335.00 to $415.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Monness Crespi & Hardt downgraded shares of MongoDB from a "neutral" rating to a "sell" rating and set a $220.00 price target on the stock. in a research report on Monday, December 16th. Barclays decreased their price objective on shares of MongoDB from $400.00 to $330.00 and set an "overweight" rating on the stock in a report on Friday, January 10th. Canaccord Genuity Group increased their price objective on shares of MongoDB from $325.00 to $385.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Finally, Rosenblatt Securities assumed coverage on shares of MongoDB in a report on Tuesday, December 17th. They set a "buy" rating and a $350.00 price objective on the stock.

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MongoDB Stock Down 1.1 %

MDB traded down $3.34 during trading on Friday, reaching $289.63. 1,247,880 shares of the company's stock were exchanged, compared to its average volume of 1,481,443. MongoDB has a fifty-two week low of $212.74 and a fifty-two week high of $488.00. The business has a 50 day moving average price of $261.45 and a 200 day moving average price of $272.51. The company has a market capitalization of $21.57 billion, a P/E ratio of -105.70 and a beta of 1.28.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. During the same quarter in the previous year, the company earned $0.96 earnings per share. The business's revenue was up 22.3% compared to the same quarter last year. As a group, research analysts forecast that MongoDB will post -1.78 EPS for the current year.

Insider Activity at MongoDB

In other MongoDB news, insider Cedric Pech sold 287 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $67,183.83. Following the completion of the sale, the insider now owns 24,390 shares of the company's stock, valued at $5,709,455.10. This trade represents a 1.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Thomas Bull sold 1,000 shares of the firm's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $355.92, for a total value of $355,920.00. Following the sale, the chief accounting officer now directly owns 15,068 shares of the company's stock, valued at $5,363,002.56. This represents a 6.22 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 43,094 shares of company stock valued at $11,705,293. 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 company. Strategic Investment Solutions Inc. IL acquired a new stake in shares of MongoDB during the fourth quarter worth $29,000. Hilltop National Bank raised its stake in MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company's stock valued at $30,000 after purchasing an additional 42 shares in the last quarter. Brooklyn Investment Group acquired a new position in MongoDB in the third quarter valued at about $36,000. Continuum Advisory LLC raised its stake in MongoDB by 621.1% in the third quarter. Continuum Advisory LLC now owns 137 shares of the company's stock valued at $40,000 after purchasing an additional 118 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in MongoDB by 178.8% in the third quarter. GAMMA Investing LLC now owns 145 shares of the company's stock valued at $39,000 after purchasing an additional 93 shares in the last quarter. 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.