MongoDB, Inc. (NASDAQ:MDB) Receives $288.91 Consensus Target Price from Analysts

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) has been assigned an average rating of "Moderate Buy" from the thirty-three brokerages that are currently covering the company, MarketBeat reports. Nine analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $286.88.

MDB has been the topic of a number of research reports. Rosenblatt Securities reissued a "buy" rating and issued a $350.00 price objective on shares of MongoDB in a report on Tuesday, March 4th. UBS Group set a $350.00 price objective on shares of MongoDB in a report on Tuesday, March 4th. Truist Financial dropped their price objective on shares of MongoDB from $300.00 to $275.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Guggenheim dropped their price objective on shares of MongoDB from $300.00 to $235.00 and set a "buy" rating on the stock in a report on Wednesday. Finally, Bank of America dropped their price objective on shares of MongoDB from $420.00 to $286.00 and set a "buy" rating on the stock in a report on Thursday, March 6th.

MongoDB Price Performance

MDB stock traded down $1.28 during trading on Friday, hitting $187.17. 240,690 shares of the stock traded hands, compared to its average volume of 1,928,144. MongoDB has a 1 year low of $140.78 and a 1 year high of $370.00. The firm's 50 day moving average is $174.52 and its two-hundred day moving average is $234.21. The stock has a market cap of $15.20 billion, a price-to-earnings ratio of -68.27 and a beta of 1.49.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.45). The company had revenue of $548.40 million for the quarter, compared to the consensus estimate 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 quarter in the prior year, the company posted $0.86 EPS. As a group, analysts anticipate that MongoDB will post -1.78 EPS for the current fiscal year.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 3,000 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $270.63, for a total value of $811,890.00. Following the transaction, the director now owns 1,109,006 shares in the company, valued at $300,130,293.78. The trade was a 0.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Thomas Bull sold 301 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total value of $52,148.25. Following the transaction, the chief accounting officer now directly owns 14,598 shares of the company's stock, valued at $2,529,103.50. This represents a 2.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,203 shares of company stock valued at $4,660,459 in the last quarter. Corporate insiders own 3.60% of the company's stock.

Institutional Investors Weigh In On MongoDB

A number of large investors have recently bought and sold shares of the business. B.O.S.S. Retirement Advisors LLC acquired a new position in shares of MongoDB in the 4th quarter valued at $606,000. Union Bancaire Privee UBP SA bought a new position in shares of MongoDB in the 4th quarter valued at about $3,515,000. HighTower Advisors LLC lifted its stake in MongoDB by 2.0% in the 4th quarter. HighTower Advisors LLC now owns 18,773 shares of the company's stock valued at $4,371,000 after purchasing an additional 372 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in MongoDB by 428.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,755 shares of the company's stock valued at $1,340,000 after purchasing an additional 4,665 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in MongoDB by 68.0% in the 4th quarter. Jones Financial Companies Lllp now owns 1,020 shares of the company's stock valued at $237,000 after purchasing an additional 413 shares during 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.