MongoDB, Inc. (NASDAQ:MDB) Given Average Rating of “Moderate Buy” by Brokerages

MongoDB, Inc. (NASDAQ:MDB) has been assigned an average rating of “Moderate Buy” from the twenty-five ratings firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and twenty have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $443.86.

A number of equities research analysts have recently issued reports on MDB shares. JMP Securities restated a “market outperform” rating and issued a $440.00 price target on shares of MongoDB in a research report on Monday, January 22nd. Tigress Financial upped their price target on MongoDB from $495.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Truist Financial upped their price target on MongoDB from $440.00 to $500.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Citigroup increased their price objective on MongoDB from $515.00 to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, KeyCorp lowered their price objective on MongoDB from $490.00 to $440.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th.

MongoDB Stock Performance

NASDAQ MDB opened at $369.29 on Friday. The stock has a market capitalization of $26.90 billion, a price-to-earnings ratio of -148.91 and a beta of 1.19. MongoDB has a twelve month low of $212.52 and a twelve month high of $509.62. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 1.07. The stock has a 50-day moving average of $383.39 and a 200 day moving average of $390.67.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). The business had revenue of $458.00 million during the quarter, compared to analyst estimates of $431.99 million. MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. Sell-side analysts anticipate that MongoDB will post -2.53 EPS for the current fiscal year.

Insider Activity

In other MongoDB news, CAO Thomas Bull sold 170 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total value of $59,180.40. Following the sale, the chief accounting officer now directly owns 17,360 shares in the company, valued at $6,043,363.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other MongoDB news, CRO Cedric Pech sold 1,430 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $348.11, for a total value of $497,797.30. Following the sale, the executive now directly owns 45,444 shares in the company, valued at $15,819,510.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Thomas Bull sold 170 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total value of $59,180.40. Following the completion of the sale, the chief accounting officer now owns 17,360 shares in the company, valued at $6,043,363.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 91,802 shares of company stock worth $35,936,911. Corporate insiders own 4.80% of the company’s stock.

Hedge Funds Weigh In On MongoDB

Several hedge funds have recently made changes to their positions in the company. Quadrant Capital Group LLC grew its holdings in shares of MongoDB by 5.6% during the fourth quarter. Quadrant Capital Group LLC now owns 412 shares of the company’s stock worth $168,000 after purchasing an additional 22 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of MongoDB by 12.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 226 shares of the company’s stock worth $92,000 after purchasing an additional 25 shares during the last quarter. Insigneo Advisory Services LLC grew its holdings in shares of MongoDB by 2.9% during the third quarter. Insigneo Advisory Services LLC now owns 1,070 shares of the company’s stock worth $370,000 after purchasing an additional 30 shares during the last quarter. Yousif Capital Management LLC grew its holdings in shares of MongoDB by 3.9% during the fourth quarter. Yousif Capital Management LLC now owns 792 shares of the company’s stock worth $324,000 after purchasing an additional 30 shares during the last quarter. Finally, Valley National Advisers Inc. grew its holdings in shares of MongoDB by 5.9% during the fourth quarter. Valley National Advisers Inc. now owns 597 shares of the company’s stock worth $244,000 after purchasing an additional 33 shares during the last quarter. Hedge funds and other institutional investors 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.