MongoDB, Inc. (NASDAQ:MDB) Receives Average Rating of "Moderate Buy" from Brokerages

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

A number of research analysts have recently weighed in on the stock. Loop Capital downgraded shares of MongoDB from a "buy" rating to a "hold" rating and cut their price target for the company from $350.00 to $190.00 in a report on Tuesday, May 20th. Macquarie lowered their target price on shares of MongoDB from $300.00 to $215.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Scotiabank reiterated a "sector perform" rating and issued a $160.00 target price (down from $240.00) on shares of MongoDB in a research note on Friday, April 25th. Robert W. Baird lowered their target price on shares of MongoDB from $390.00 to $300.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $350.00 target price on shares of MongoDB in a research note on Tuesday, March 4th.

MongoDB Trading Up 0.5%

MDB stock traded up $0.91 during midday trading on Friday, reaching $189.36. The company had a trading volume of 1,642,242 shares, compared to its average volume of 1,936,664. MongoDB has a 1 year low of $140.78 and a 1 year high of $370.00. The company has a market capitalization of $15.37 billion, a P/E ratio of -69.11 and a beta of 1.49. The company has a 50 day moving average of $174.52 and a two-hundred day moving average of $234.21.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.64 by ($0.45). The business 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 business posted $0.86 EPS. On average, sell-side analysts anticipate that MongoDB will post -1.78 earnings per share for the current year.

Insider Activity 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 shares were sold at an average price of $270.63, for a total value of $811,890.00. Following the completion of the transaction, the director now directly owns 1,109,006 shares of the company's stock, valued at approximately $300,130,293.78. The trade was a 0.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Hope F. Cochran sold 1,175 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $174.69, for a total transaction of $205,260.75. Following the completion of the transaction, the director now directly owns 19,333 shares of the company's stock, valued at approximately $3,377,281.77. This represents a 5.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,203 shares of company stock valued at $4,660,459 in the last ninety days. Insiders own 3.60% of the company's stock.

Institutional Investors Weigh In On MongoDB

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of MongoDB by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 7,809,768 shares of the company's stock worth $1,369,833,000 after buying an additional 481,023 shares during the period. Franklin Resources Inc. grew its holdings in MongoDB by 9.7% during the fourth quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company's stock valued at $478,398,000 after purchasing an additional 181,962 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in MongoDB by 11.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,271,444 shares of the company's stock valued at $223,011,000 after purchasing an additional 129,451 shares during the period. Geode Capital Management LLC grew its holdings in MongoDB by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 1,252,142 shares of the company's stock valued at $290,987,000 after purchasing an additional 22,106 shares during the period. Finally, Amundi grew its holdings in MongoDB by 53.0% during the first quarter. Amundi now owns 1,061,457 shares of the company's stock valued at $173,378,000 after purchasing an additional 367,717 shares during the period. Institutional investors and hedge funds own 89.29% of the company's stock.

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.