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

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the thirty-three research firms that are currently covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation, twenty-four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $282.47.

A number of research firms recently commented on MDB. Oppenheimer decreased their price objective on shares of MongoDB from $400.00 to $330.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Cantor Fitzgerald raised their target price on MongoDB from $252.00 to $271.00 and gave the stock an "overweight" rating in a research report on Thursday, June 5th. Loop Capital lowered MongoDB from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $350.00 to $190.00 in a research report on Tuesday, May 20th. Barclays raised their price objective on MongoDB from $252.00 to $270.00 and gave the stock an "overweight" rating in a research report on Thursday, June 5th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $320.00 price objective on shares of MongoDB in a research report on Thursday, June 5th.

Insider Activity at MongoDB

In other news, CAO Thomas Bull sold 301 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total transaction of $52,148.25. Following the completion of the transaction, the chief accounting officer now directly owns 14,598 shares of the company's stock, valued at approximately $2,529,103.50. This trade represents a 2.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 2,000 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $234.00, for a total transaction of $468,000.00. Following the transaction, the director now directly owns 1,107,006 shares of the company's stock, valued at $259,039,404. The trade was a 0.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 49,208 shares of company stock worth $10,167,739. Company insiders own 3.10% of the company's stock.

Hedge Funds Weigh In On MongoDB

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in MongoDB by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 7,809,768 shares of the company's stock valued at $1,369,833,000 after purchasing an additional 481,023 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of MongoDB by 9.7% in the fourth quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company's stock valued at $478,398,000 after acquiring an additional 181,962 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of MongoDB by 11.3% in 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 acquiring an additional 129,451 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of MongoDB by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 1,252,142 shares of the company's stock valued at $290,987,000 after acquiring an additional 22,106 shares during the last quarter. Finally, Amundi raised its position in MongoDB by 53.0% in the 1st 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 last quarter. Institutional investors own 89.29% of the company's stock.

MongoDB Trading Down 0.7%

NASDAQ:MDB opened at $204.15 on Thursday. MongoDB has a twelve month low of $140.78 and a twelve month high of $370.00. The company has a 50-day moving average of $184.32 and a 200-day moving average of $223.66. The firm has a market cap of $16.68 billion, a price-to-earnings ratio of -179.08 and a beta of 1.39.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.35. The firm had revenue of $549.01 million during the quarter, compared to analysts' expectations of $527.49 million. MongoDB had a negative net margin of 4.09% and a negative return on equity of 3.16%. The firm's revenue for the quarter was up 21.8% compared to the same quarter last year. During the same period last year, the firm posted $0.51 earnings per share. On average, research analysts forecast that MongoDB will post -1.78 earnings per share for the current year.

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.

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