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

Shares of MongoDB, Inc. (NASDAQ:MDB - Get Free Report) have received a consensus rating of "Moderate Buy" from the twenty-six research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $337.56.

A number of analysts have issued reports on MDB shares. DA Davidson raised their target price on MongoDB from $265.00 to $330.00 and gave the company a "buy" rating in a report on Friday, August 30th. Monness Crespi & Hardt upgraded MongoDB to a "hold" rating in a research report on Tuesday, May 28th. Wells Fargo & Company upped their price target on MongoDB from $300.00 to $350.00 and gave the company an "overweight" rating in a research report on Friday, August 30th. Needham & Company LLC lifted their price objective on MongoDB from $290.00 to $335.00 and gave the company a "buy" rating in a report on Friday, August 30th. Finally, Robert W. Baird lowered their target price on shares of MongoDB from $450.00 to $305.00 and set an "outperform" rating on the stock in a report on Friday, May 31st.

MongoDB Price Performance

Shares of NASDAQ MDB traded down $3.25 during midday trading on Tuesday, reaching $286.80. The company's stock had a trading volume of 1,041,208 shares, compared to its average volume of 1,495,095. The company has a market cap of $21.04 billion, a price-to-earnings ratio of -103.22 and a beta of 1.15. MongoDB has a one year low of $212.74 and a one year high of $509.62. The company has a current ratio of 5.03, a quick ratio of 5.03 and a debt-to-equity ratio of 0.84. The company has a 50 day moving average price of $256.45 and a 200 day moving average price of $301.10.

MongoDB (NASDAQ:MDB - Get Free Report) last released its earnings results on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $478.11 million during the quarter, compared to analyst estimates of $465.03 million. During the same quarter in the prior year, the company earned ($0.63) earnings per share. The company's revenue for the quarter was up 12.8% on a year-over-year basis. On average, equities research analysts expect that MongoDB will post -2.46 EPS for the current year.

Insiders Place Their Bets

In other news, Director Dwight A. Merriman sold 3,000 shares of the firm's stock in a transaction that occurred 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 transaction, the director now directly owns 1,135,006 shares of the company's stock, valued at approximately $330,048,394.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other MongoDB news, CAO Thomas Bull sold 1,000 shares of the company's stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $282.89, for a total value of $282,890.00. Following the sale, the chief accounting officer now owns 16,222 shares in the company, valued at $4,589,041.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dwight A. Merriman sold 3,000 shares of MongoDB 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 owns 1,135,006 shares of the company's stock, valued at $330,048,394.74. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,005 shares of company stock worth $8,082,746. Corporate insiders own 3.60% of the company's stock.

Hedge Funds Weigh In On MongoDB

Hedge funds have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC increased its holdings in shares of MongoDB by 5.6% during the fourth quarter. Quadrant Capital Group LLC now owns 412 shares of the company's stock worth $168,000 after buying an additional 22 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in MongoDB by 12.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 226 shares of the company's stock valued at $92,000 after purchasing an additional 25 shares during the last quarter. Raleigh Capital Management Inc. boosted its stake in shares of MongoDB by 24.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 182 shares of the company's stock valued at $74,000 after purchasing an additional 36 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of MongoDB by 12.9% during the first quarter. Advisors Asset Management Inc. now owns 324 shares of the company's stock worth $116,000 after purchasing an additional 37 shares during the last quarter. Finally, Atria Investments Inc increased its stake in shares of MongoDB by 1.2% in the first quarter. Atria Investments Inc now owns 3,259 shares of the company's stock valued at $1,169,000 after buying an additional 39 shares during the period. Institutional investors own 89.29% of the company's stock.

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.