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

MongoDB, Inc. (NASDAQ:MDBGet Free Report) has earned an average recommendation of “Moderate Buy” from the thirty-one analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and twenty-three have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $319.87.

MDB has been the topic of several recent analyst reports. Oppenheimer cut their target price on shares of MongoDB from $400.00 to $330.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Piper Sandler dropped their price target on MongoDB from $425.00 to $280.00 and set an “overweight” rating on the stock in a research report on Thursday, March 6th. Monness Crespi & Hardt upgraded MongoDB from a “sell” rating to a “neutral” rating in a research report on Monday, March 3rd. Tigress Financial upped their target price on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, Guggenheim upgraded shares of MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price target for the company in a report on Monday, January 6th.

Check Out Our Latest Analysis on MDB

MongoDB Stock Up 0.1 %

Shares of MongoDB stock opened at $185.37 on Tuesday. MongoDB has a 12-month low of $173.13 and a 12-month high of $387.19. The firm has a market capitalization of $13.80 billion, a PE ratio of -67.65 and a beta of 1.30. The stock’s fifty day moving average is $256.72 and its 200-day moving average is $272.29.

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

Insider Activity at MongoDB

In other news, CAO Thomas Bull sold 169 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $39,561.21. Following the completion of the transaction, the chief accounting officer now directly owns 14,899 shares of the company’s stock, valued at approximately $3,487,706.91. This trade represents a 1.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $267.85, for a total transaction of $1,339,250.00. Following the transaction, the chief financial officer now owns 80,307 shares of the company’s stock, valued at approximately $21,510,229.95. This represents a 5.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 49,314 shares of company stock worth $12,981,833 in the last 90 days. 3.60% of the stock is owned by company insiders.

Institutional Trading of MongoDB

A number of large investors have recently bought and sold shares of the stock. B.O.S.S. Retirement Advisors LLC acquired a new stake in shares of MongoDB during the fourth quarter worth approximately $606,000. Aigen Investment Management LP acquired a new stake in MongoDB during the 3rd quarter valued at $1,045,000. Geode Capital Management LLC increased its holdings in MongoDB by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock valued at $331,776,000 after purchasing an additional 34,814 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in MongoDB in the 3rd quarter valued at $4,366,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in MongoDB by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock worth $75,271,000 after purchasing an additional 7,575 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors.

MongoDB Company Profile

(Get Free Report

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.

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Analyst Recommendations for MongoDB (NASDAQ:MDB)

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