Brokerages Set MongoDB, Inc. (NASDAQ:MDB) Target Price at $337.96

MongoDB, Inc. (NASDAQ:MDB) has been given an average rating of “Moderate Buy” by the twenty-seven research firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, twenty have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $337.96.

A number of research firms recently issued reports on MDB. Oppenheimer upped their price target on shares of MongoDB from $300.00 to $350.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. UBS Group boosted their price objective on MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Citigroup raised their price objective on MongoDB from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Wedbush raised MongoDB to a “strong-buy” rating in a research report on Thursday. Finally, Sanford C. Bernstein raised their price target on MongoDB from $358.00 to $360.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th.

MongoDB Stock Up 1.3 %

MDB opened at $275.54 on Friday. The company has a market capitalization of $20.21 billion, a PE ratio of -98.06 and a beta of 1.15. The firm has a 50-day simple moving average of $270.35 and a two-hundred day simple moving average of $285.43. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84. MongoDB has a 52 week low of $212.74 and a 52 week high of $509.62.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.70 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 period in the prior year, the company earned ($0.63) earnings per share. The firm’s revenue was up 12.8% on a year-over-year basis. Analysts forecast that MongoDB will post -2.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $231.00, for a total value of $462,000.00. Following the completion of the sale, the director now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $231.00, for a total value of $462,000.00. Following the completion of the transaction, the director now directly owns 1,140,006 shares of the company’s stock, valued at approximately $263,341,386. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $290.40, for a total value of $290,400.00. Following the completion of the transaction, the director now owns 1,138,006 shares in the company, valued at $330,476,942.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,281 shares of company stock worth $6,310,411 in the last three months. Corporate insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On MongoDB

Institutional investors have recently bought and sold shares of the company. Transcendent Capital Group LLC purchased a new position in MongoDB during the 4th quarter worth $25,000. MFA Wealth Advisors LLC purchased a new stake in shares of MongoDB during the second quarter worth about $25,000. J.Safra Asset Management Corp increased its holdings in shares of MongoDB by 682.4% during the second 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 in the last quarter. Quarry LP raised its position in shares of MongoDB by 2,580.0% in the 2nd quarter. Quarry LP now owns 134 shares of the company’s stock valued at $33,000 after purchasing an additional 129 shares during the last quarter. Finally, Hantz Financial Services Inc. purchased a new stake in MongoDB during the 2nd quarter worth approximately $35,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

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.