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

MongoDB logo with Computer and Technology background

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.

Read Our Latest Stock Analysis on MDB

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

(Get Free Report

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.

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