MongoDB, Inc. (NASDAQ:MDB) Receives $444.93 Consensus Target Price from Brokerages

MongoDB, Inc. (NASDAQ:MDB) has earned a consensus recommendation of “Moderate Buy” from the twenty-four brokerages that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and nineteen have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $444.93.

A number of equities research analysts have recently commented on MDB shares. KeyCorp lowered their target price on MongoDB from $490.00 to $440.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. Citigroup boosted their price objective on MongoDB from $515.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. DA Davidson raised MongoDB from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $405.00 to $430.00 in a report on Friday, March 8th. Guggenheim boosted their price objective on MongoDB from $250.00 to $272.00 and gave the stock a “sell” rating in a report on Monday, March 4th. Finally, UBS Group reissued a “neutral” rating and set a $410.00 price objective (down previously from $475.00) on shares of MongoDB in a report on Thursday, January 4th.

Insiders Place Their Bets

In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $404.20, for a total value of $404,200.00. Following the completion of the sale, the director now directly owns 527,896 shares in the company, valued at approximately $213,375,563.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $404.20, for a total value of $404,200.00. Following the completion of the sale, the director now directly owns 527,896 shares in the company, valued at approximately $213,375,563.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Thomas Bull sold 170 shares of the business’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total value of $59,180.40. Following the completion of the transaction, the chief accounting officer now directly owns 17,360 shares of the company’s stock, valued at $6,043,363.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 91,802 shares of company stock worth $35,936,911. 4.80% of the stock is currently owned by company insiders.

Institutional Trading of MongoDB

A number of hedge funds have recently modified their holdings of the stock. Vontobel Holding Ltd. raised its holdings in shares of MongoDB by 5.8% during the third quarter. Vontobel Holding Ltd. now owns 4,224 shares of the company’s stock valued at $1,461,000 after acquiring an additional 232 shares during the last quarter. CWM LLC increased its holdings in shares of MongoDB by 8.2% in the third quarter. CWM LLC now owns 2,591 shares of the company’s stock valued at $896,000 after purchasing an additional 196 shares during the last quarter. Moody National Bank Trust Division increased its holdings in shares of MongoDB by 21.9% in the third quarter. Moody National Bank Trust Division now owns 1,641 shares of the company’s stock valued at $568,000 after purchasing an additional 295 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of MongoDB by 35.2% in the third quarter. IFP Advisors Inc now owns 1,494 shares of the company’s stock valued at $517,000 after purchasing an additional 389 shares during the last quarter. Finally, DnB Asset Management AS increased its holdings in shares of MongoDB by 44.7% in the third quarter. DnB Asset Management AS now owns 15,453 shares of the company’s stock valued at $5,345,000 after purchasing an additional 4,773 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Trading Up 3.9 %

MDB opened at $340.16 on Friday. The company has a 50-day simple moving average of $387.85 and a 200 day simple moving average of $390.73. MongoDB has a twelve month low of $212.52 and a twelve month high of $509.62. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $24.77 billion, a price-to-earnings ratio of -137.16 and a beta of 1.20.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by ($0.32). MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. The firm had revenue of $458.00 million for the quarter, compared to the consensus estimate of $431.99 million. Analysts predict that MongoDB will post -2.53 EPS for the current fiscal 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.