Brokerages Set MongoDB, Inc. (NASDAQ:MDB) PT at $355.74

Shares of MongoDB, Inc. (NASDAQ:MDB) have been given an average rating of “Moderate Buy” by the twenty-six brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, nineteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $355.74.

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company dropped their price objective on shares of MongoDB from $450.00 to $300.00 and set an “overweight” rating on the stock in a report on Friday, May 31st. Bank of America lowered their price target on shares of MongoDB from $500.00 to $470.00 and set a “buy” rating on the stock in a report on Friday, May 17th. Monness Crespi & Hardt upgraded shares of MongoDB to a “hold” rating in a research report on Tuesday, May 28th. Tigress Financial reduced their price target on shares of MongoDB from $500.00 to $400.00 and set a “buy” rating on the stock in a research report on Thursday, July 11th. Finally, Guggenheim upgraded shares of MongoDB from a “sell” rating to a “neutral” rating in a research report on Monday, June 3rd.

MongoDB Stock Performance

MDB opened at $245.72 on Friday. The company has a current ratio of 4.93, a quick ratio of 4.93 and a debt-to-equity ratio of 0.90. The company has a market cap of $18.02 billion, a price-to-earnings ratio of -87.44 and a beta of 1.13. The company’s 50 day moving average is $246.96 and its 200 day moving average is $317.33. MongoDB has a 12-month low of $212.74 and a 12-month high of $509.62.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, May 30th. The company reported ($0.80) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.80). The company had revenue of $450.56 million for the quarter, compared to the consensus estimate of $438.44 million. MongoDB had a negative net margin of 11.50% and a negative return on equity of 14.88%. On average, equities research analysts predict that MongoDB will post -2.67 EPS for the current year.

Insider Activity

In other news, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $234.24, for a total transaction of $468,480.00. Following the completion of the sale, the director now directly owns 1,146,784 shares of the company’s stock, valued at $268,622,684.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Thomas Bull sold 138 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total value of $36,610.02. Following the completion of the sale, the chief accounting officer now directly owns 17,222 shares of the company’s stock, valued at $4,568,824.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Dwight A. Merriman sold 2,000 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $234.24, for a total transaction of $468,480.00. Following the completion of the sale, the director now directly owns 1,146,784 shares of the company’s stock, valued at $268,622,684.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,179 shares of company stock valued at $7,368,989. 3.60% of the stock is currently owned by company insiders.

Institutional Trading of MongoDB

A number of hedge funds have recently added to or reduced their stakes in MDB. Transcendent Capital Group LLC purchased a new stake in shares of MongoDB during the fourth quarter valued at about $25,000. MFA Wealth Advisors LLC purchased a new stake in shares of MongoDB during the second quarter valued at about $25,000. J.Safra Asset Management Corp lifted its position 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 buying an additional 116 shares during the last quarter. Quarry LP lifted its position in shares of MongoDB by 2,580.0% during the second quarter. Quarry LP now owns 134 shares of the company’s stock valued at $33,000 after buying an additional 129 shares during the last quarter. Finally, Hantz Financial Services Inc. purchased a new stake in shares of MongoDB during the second quarter valued at about $35,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

About MongoDB

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.