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

MongoDB, Inc. (NASDAQ:MDB) 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.

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:MDB) 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

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.