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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) has been given a consensus rating of “Moderate Buy” by the twenty-six analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $415.46.
A number of research firms have weighed in on MDB. Guggenheim raised their price target on MongoDB from $220.00 to $250.00 and gave the company a “sell” rating in a research note on Friday, September 1st. Barclays raised their target price on MongoDB from $421.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday, September 1st. Mizuho raised their price objective on shares of MongoDB from $240.00 to $260.00 in a report on Friday, September 1st. Morgan Stanley raised their price objective on shares of MongoDB from $440.00 to $480.00 and gave the stock an “overweight” rating in a report on Friday, September 1st. Finally, Piper Sandler raised their price objective on shares of MongoDB from $400.00 to $425.00 and gave the stock an “overweight” rating in a report on Friday, September 1st.
Check Out Our Latest Analysis on MDB
MongoDB Stock Up 2.4 %
Shares of NASDAQ MDB opened at $335.31 on Friday. The stock has a market cap of $23.92 billion, a P/E ratio of -96.91 and a beta of 1.13. The company has a current ratio of 4.48, a quick ratio of 4.48 and a debt-to-equity ratio of 1.29. MongoDB has a 12-month low of $135.15 and a 12-month high of $439.00. The business’s fifty day simple moving average is $357.51 and its 200-day simple moving average is $342.74.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings results on Thursday, August 31st. The company reported ($0.63) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.70) by $0.07. The company had revenue of $423.79 million for the quarter, compared to analyst estimates of $389.93 million. MongoDB had a negative return on equity of 29.69% and a negative net margin of 16.21%. As a group, equities analysts predict that MongoDB will post -2.17 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $395.01, for a total value of $395,010.00. Following the completion of the transaction, the director now owns 535,896 shares in the company, valued at approximately $211,684,278.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $395.01, for a total value of $395,010.00. Following the completion of the transaction, the director now directly owns 535,896 shares of the company’s stock, valued at approximately $211,684,278.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $415.06, for a total value of $2,490,360.00. Following the completion of the transaction, the director now directly owns 1,207,159 shares of the company’s stock, valued at $501,043,414.54. The disclosure for this sale can be found here. Over the last quarter, insiders sold 187,984 shares of company stock worth $63,945,297. 4.80% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. GPS Wealth Strategies Group LLC purchased a new stake in MongoDB during the 2nd quarter worth about $26,000. KB Financial Partners LLC purchased a new stake in MongoDB in the 2nd quarter worth approximately $27,000. Capital Advisors Ltd. LLC grew its position in shares of MongoDB by 131.0% in the second quarter. Capital Advisors Ltd. LLC now owns 67 shares of the company’s stock valued at $28,000 after purchasing an additional 38 shares during the period. Bessemer Group Inc. purchased a new stake in shares of MongoDB in the fourth quarter valued at $29,000. Finally, Global Retirement Partners LLC grew its position in shares of MongoDB by 346.7% in the first quarter. Global Retirement Partners LLC now owns 134 shares of the company’s stock valued at $30,000 after purchasing an additional 104 shares during the period. 88.89% of the stock is owned by hedge funds and other institutional investors.
MongoDB Company Profile
MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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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