Mongodb Inc (NASDAQ:MDB) Given Average Rating of “Buy” by Analysts

Shares of Mongodb Inc (NASDAQ:MDB) have received an average rating of “Buy” from the seventeen brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $165.08.

MDB has been the subject of several analyst reports. KeyCorp set a $188.00 price target on shares of Mongodb and gave the company a “buy” rating in a research note on Wednesday, September 4th. Morgan Stanley reduced their price objective on shares of Mongodb from $160.00 to $150.00 and set a “weight” rating for the company in a research report on Wednesday, October 16th. Stifel Nicolaus boosted their target price on shares of Mongodb from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Compass Point began coverage on shares of Mongodb in a report on Tuesday, August 13th. They issued a “neutral” rating and a $155.00 price target for the company. Finally, Needham & Company LLC set a $184.00 target price on Mongodb and gave the company a “buy” rating in a research note on Thursday, September 5th.

In other Mongodb news, insider Thomas Bull sold 5,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $129.25, for a total value of $646,250.00. Also, CRO Cedric Pech sold 1,924 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $130.17, for a total value of $250,447.08. Over the last ninety days, insiders have sold 119,145 shares of company stock valued at $14,574,734. Insiders own 25.08% of the company’s stock.

A number of institutional investors have recently made changes to their positions in MDB. Metropolitan Life Insurance Co NY purchased a new position in shares of Mongodb in the third quarter worth about $371,000. Castleark Management LLC bought a new stake in shares of Mongodb in the third quarter valued at approximately $16,201,000. Public Employees Retirement System of Ohio raised its position in shares of Mongodb by 69.0% in the third quarter. Public Employees Retirement System of Ohio now owns 13,236 shares of the company’s stock valued at $1,595,000 after purchasing an additional 5,405 shares during the period. grace capital lifted its stake in shares of Mongodb by 23.1% during the 3rd quarter. grace capital now owns 8,000 shares of the company’s stock valued at $1,127,000 after buying an additional 1,500 shares in the last quarter. Finally, California State Teachers Retirement System lifted its stake in shares of Mongodb by 74.3% during the 3rd quarter. California State Teachers Retirement System now owns 68,642 shares of the company’s stock valued at $8,270,000 after buying an additional 29,265 shares in the last quarter. Institutional investors and hedge funds own 78.11% of the company’s stock.

Shares of NASDAQ:MDB opened at $137.43 on Tuesday. The company has a market cap of $8.37 billion, a price-to-earnings ratio of -79.90 and a beta of 0.13. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.82 and a quick ratio of 2.82. The firm has a 50 day simple moving average of $132.52 and a 200 day simple moving average of $142.69. Mongodb has a one year low of $70.10 and a one year high of $184.78.

Mongodb (NASDAQ:MDB) last posted its earnings results on Wednesday, September 4th. The company reported ($0.58) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.51) by ($0.07). The company had revenue of $99.40 million for the quarter, compared to the consensus estimate of $91.70 million. Mongodb had a negative return on equity of 43.95% and a negative net margin of 36.58%. During the same period in the previous year, the firm posted ($0.41) EPS. The business’s quarterly revenue was up 66.8% compared to the same quarter last year. As a group, analysts expect that Mongodb will post -2.26 EPS for the current year.

Mongodb Company Profile

MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted database-as-a-service solution; 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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