MongoDB, Inc. (NASDAQ:MDB) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Analysts give MongoDB a consensus recommendation of Moderate Buy (27 buys, 8 holds, 2 sells) with an average 1‑year price target of $360.03.
• MongoDB beat last quarter's expectations — $1.65 EPS vs. $1.47 est. and $695.1M revenue (up 26.8% YoY) — but remains unprofitable with a negative net margin (-2.89%) and analysts forecast a -$1.78 EPS for the current year.
• Insiders sold about 3,895 shares (~$1.27M) in the past three months (including directors Dwight Merriman and Hope Cochran), while institutional investors hold roughly 89.3% of the stock.

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the thirty-seven research firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and twenty-seven have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $360.0313.

MDB has been the subject of a number of research analyst reports. Bank of America reaffirmed a "buy" rating on shares of MongoDB in a research report on Tuesday, March 3rd. Piper Sandler cut their price objective on shares of MongoDB from $490.00 to $330.00 and set an "overweight" rating for the company in a research report on Tuesday, March 3rd. Guggenheim reaffirmed a "buy" rating and set a $475.00 price objective on shares of MongoDB in a research report on Tuesday. Scotiabank raised shares of MongoDB from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the company from $275.00 to $310.00 in a research report on Thursday, March 5th. Finally, Citigroup dropped their price target on shares of MongoDB from $435.00 to $400.00 and set a "buy" rating for the company in a research report on Tuesday, March 3rd.

MongoDB Stock Performance

Shares of MDB opened at $233.50 on Wednesday. The company has a 50-day simple moving average of $288.43 and a 200-day simple moving average of $343.00. The firm has a market capitalization of $18.77 billion, a P/E ratio of -265.34 and a beta of 1.60. MongoDB has a 52 week low of $148.88 and a 52 week high of $444.72.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings data on Monday, March 2nd. The company reported $1.65 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.18. The business had revenue of $695.07 million during the quarter, compared to analyst estimates of $669.40 million. MongoDB had a negative net margin of 2.89% and a negative return on equity of 1.03%. The firm's revenue for the quarter was up 26.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.28 earnings per share. As a group, equities analysts forecast that MongoDB will post -1.78 earnings per share for the current year.

Insider Activity

In related news, Director Dwight A. Merriman sold 1,190 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $369.75, for a total value of $440,002.50. Following the completion of the transaction, the director owned 80,462 shares of the company's stock, valued at $29,750,824.50. This represents a 1.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Hope F. Cochran sold 1,566 shares of the stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $249.33, for a total transaction of $390,450.78. Following the completion of the transaction, the director directly owned 24,093 shares of the company's stock, valued at $6,007,107.69. This trade represents a 6.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,895 shares of company stock valued at $1,272,738 in the last three months. Company insiders own 3.10% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Clark Financial Services Group Inc. BD raised its position in MongoDB by 1.5% in the fourth quarter. Clark Financial Services Group Inc. BD now owns 1,669 shares of the company's stock worth $702,000 after purchasing an additional 25 shares in the last quarter. Root Financial Partners LLC raised its position in MongoDB by 58.2% in the fourth quarter. Root Financial Partners LLC now owns 87 shares of the company's stock worth $37,000 after purchasing an additional 32 shares in the last quarter. True Wealth Design LLC raised its position in MongoDB by 9.4% in the fourth quarter. True Wealth Design LLC now owns 419 shares of the company's stock worth $176,000 after purchasing an additional 36 shares in the last quarter. HighPoint Advisor Group LLC raised its position in MongoDB by 2.5% in the fourth quarter. HighPoint Advisor Group LLC now owns 1,491 shares of the company's stock worth $626,000 after purchasing an additional 36 shares in the last quarter. Finally, Lido Advisors LLC raised its position in MongoDB by 3.4% in the fourth quarter. Lido Advisors LLC now owns 1,092 shares of the company's stock worth $458,000 after purchasing an additional 36 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

About MongoDB

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company's platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.

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