MongoDB, Inc. (NASDAQ:MDB) Receives $337.96 Consensus Target Price from Analysts

Shares of MongoDB, Inc. (NASDAQ:MDB - Get Free Report) have received an average rating of "Moderate Buy" from the twenty-six ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and twenty have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $337.96.

A number of research analysts have recently commented on the company. Piper Sandler increased their target price on MongoDB from $300.00 to $335.00 and gave the company an "overweight" rating in a research report on Friday, August 30th. Mizuho upped their price objective on MongoDB from $250.00 to $275.00 and gave the company a "neutral" rating in a research report on Friday, August 30th. Truist Financial lifted their target price on MongoDB from $300.00 to $320.00 and gave the stock a "buy" rating in a report on Friday, August 30th. Wells Fargo & Company increased their price target on MongoDB from $300.00 to $350.00 and gave the company an "overweight" rating in a report on Friday, August 30th. Finally, Bank of America lifted their price objective on shares of MongoDB from $300.00 to $350.00 and gave the stock a "buy" rating in a research note on Friday, August 30th.

Insider Activity

In other MongoDB news, CAO Thomas Bull sold 1,000 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $282.89, for a total transaction of $282,890.00. Following the sale, the chief accounting officer now owns 16,222 shares of the company's stock, valued at approximately $4,589,041.58. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other MongoDB news, CAO Thomas Bull sold 1,000 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $282.89, for a total transaction of $282,890.00. Following the completion of the sale, the chief accounting officer now directly owns 16,222 shares of the company's stock, valued at approximately $4,589,041.58. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $231.00, for a total transaction of $462,000.00. Following the completion of the transaction, the director now directly owns 1,140,006 shares in the company, valued at approximately $263,341,386. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,896 shares of company stock worth $4,187,260. 3.60% of the stock is currently owned by corporate insiders.

Institutional Trading of MongoDB

Hedge funds and other institutional investors have recently made changes to their positions in the business. Transcendent Capital Group LLC acquired a new stake in MongoDB in the 4th quarter worth approximately $25,000. MFA Wealth Advisors LLC purchased a new stake in shares of MongoDB during the second quarter valued at $25,000. J.Safra Asset Management Corp increased its position 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 valued at $33,000 after acquiring an additional 116 shares during the period. Quarry LP raised 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 acquiring an additional 129 shares during the last quarter. Finally, Hantz Financial Services Inc. purchased a new position in MongoDB in the 2nd quarter worth $35,000. Hedge funds and other institutional investors own 89.29% of the company's stock.

MongoDB Price Performance

Shares of NASDAQ:MDB traded up $0.17 during trading on Friday, hitting $292.86. 1,401,506 shares of the company's stock were exchanged, compared to its average volume of 1,455,795. The company has a market cap of $21.63 billion, a price-to-earnings ratio of -96.97 and a beta of 1.15. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03. MongoDB has a 52-week low of $212.74 and a 52-week high of $509.62. The business's 50-day simple moving average is $265.14 and its 200 day simple moving average is $288.12.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.21. The company had revenue of $478.11 million during the quarter, compared to analysts' expectations of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. MongoDB's quarterly revenue was up 12.8% on a year-over-year basis. During the same period last year, the company posted ($0.63) earnings per share. As a group, equities analysts predict that MongoDB will post -2.44 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.