MongoDB, Inc. (NASDAQ:MDB) Receives $281.31 Consensus Target Price from Analysts

Key Points

• MongoDB, Inc. has received a consensus rating of "Moderate Buy" from 37 analysts, with 27 recommending buying the stock and one issuing a strong buy rating.
• The average price target for MongoDB among analysts is $281.31, with recent price targets ranging from $230.00 to $320.00.
• In its latest earnings report, MongoDB exceeded expectations by reporting $1.00 earnings per share against a consensus estimate of $0.65, contributing to a 21.8% revenue increase year-over-year.

Shares of MongoDB, Inc. (NASDAQ:MDB - Get Free Report) have received an average rating of "Moderate Buy" from the thirty-seven brokerages that are covering the stock, Marketbeat.com reports. Nine research analysts have rated the stock with a hold recommendation, twenty-seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $281.3143.

A number of equities analysts recently issued reports on MDB shares. BMO Capital Markets started coverage on MongoDB in a report on Monday, July 28th. They set an "outperform" rating and a $280.00 price target on the stock. Redburn Atlantic raised MongoDB from a "sell" rating to a "neutral" rating and set a $170.00 price target on the stock in a report on Thursday, April 17th. Cantor Fitzgerald raised their price target on MongoDB from $252.00 to $271.00 and gave the stock an "overweight" rating in a report on Thursday, June 5th. JMP Securities reissued a "market outperform" rating and set a $345.00 price target on shares of MongoDB in a report on Thursday, June 5th. Finally, Mizuho lowered their price target on MongoDB from $250.00 to $190.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th.

Insider Transactions at MongoDB

In other news, Director Hope F. Cochran sold 1,174 shares of the company's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $201.08, for a total transaction of $236,067.92. Following the completion of the sale, the director directly owned 21,096 shares in the company, valued at $4,241,983.68. This represents a 5.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Dwight A. Merriman sold 1,000 shares of the company's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $245.00, for a total value of $245,000.00. Following the sale, the director owned 1,104,316 shares of the company's stock, valued at approximately $270,557,420. The trade was a 0.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 51,416 shares of company stock worth $11,936,656 in the last ninety days. Insiders own 3.10% of the company's stock.

Institutional Trading of MongoDB

A number of institutional investors have recently added to or reduced their stakes in MDB. O Shaughnessy Asset Management LLC boosted its position in MongoDB by 4.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,647 shares of the company's stock worth $383,000 after purchasing an additional 75 shares during the period. Russell Investments Group Ltd. boosted its position in MongoDB by 7.5% during the 4th quarter. Russell Investments Group Ltd. now owns 52,804 shares of the company's stock worth $12,303,000 after purchasing an additional 3,688 shares during the period. Cerity Partners LLC boosted its position in MongoDB by 6.4% during the 4th quarter. Cerity Partners LLC now owns 9,674 shares of the company's stock worth $2,388,000 after purchasing an additional 580 shares during the period. Treasurer of the State of North Carolina boosted its position in MongoDB by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 31,942 shares of the company's stock worth $7,436,000 after purchasing an additional 200 shares during the period. Finally, Summit Investment Advisors Inc. boosted its position in MongoDB by 5.7% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,350 shares of the company's stock worth $547,000 after purchasing an additional 127 shares during the period. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Price Performance

Shares of MDB traded down $1.29 during midday trading on Friday, reaching $207.90. 685,476 shares of the stock were exchanged, compared to its average volume of 2,298,821. The business's 50-day moving average price is $215.26 and its 200 day moving average price is $210.87. MongoDB has a twelve month low of $140.78 and a twelve month high of $370.00. The company has a market capitalization of $16.99 billion, a price-to-earnings ratio of -182.36 and a beta of 1.44.

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