MMS • RSS
Shares of MongoDB, Inc. (NASDAQ:MDB – Get Free Report) have been given an average recommendation of “Moderate Buy” by the thirty-five brokerages that are currently covering the company, MarketBeat.com reports. Eight research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $282.39.
Several equities analysts recently weighed in on the company. UBS Group raised their price objective on MongoDB from $213.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, June 5th. Daiwa America raised MongoDB to a “strong-buy” rating in a research report on Tuesday, April 1st. William Blair reaffirmed an “outperform” rating on shares of MongoDB in a research report on Thursday, June 26th. Guggenheim lifted their price objective on MongoDB from $235.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, June 5th. Finally, Loop Capital downgraded MongoDB from a “buy” rating to a “hold” rating and lowered their price objective for the company from $350.00 to $190.00 in a research report on Tuesday, May 20th.
View Our Latest Stock Report on MongoDB
MongoDB Stock Down 0.5%
Shares of MongoDB stock traded down $0.98 on Monday, reaching $201.53. The company’s stock had a trading volume of 1,482,272 shares, compared to its average volume of 2,310,108. The company has a market capitalization of $16.47 billion, a P/E ratio of -176.78 and a beta of 1.41. MongoDB has a 52-week low of $140.78 and a 52-week high of $370.00. The stock has a 50-day moving average price of $199.07 and a 200-day moving average price of $213.69.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $527.49 million. During the same quarter in the prior year, the company posted $0.51 EPS. The company’s quarterly revenue was up 21.8% on a year-over-year basis. Sell-side analysts forecast that MongoDB will post -1.78 earnings per share for the current fiscal year.
Insider Activity
In related news, Director Hope F. Cochran sold 1,174 shares of the business’s stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total value of $236,067.92. Following the completion of the transaction, the director owned 21,096 shares in the company, valued at $4,241,983.68. The trade was a 5.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Dev Ittycheria sold 25,005 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $234.00, for a total transaction of $5,851,170.00. Following the completion of the transaction, the chief executive officer owned 256,974 shares of the company’s stock, valued at $60,131,916. This trade represents a 8.87% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,746 shares of company stock worth $7,500,196. Insiders own 3.10% of the company’s stock.
Institutional Investors Weigh In On MongoDB
A number of institutional investors have recently made changes to their positions in MDB. Jericho Capital Asset Management L.P. bought a new position in MongoDB during the 1st quarter worth about $161,543,000. Norges Bank bought a new position in MongoDB during the 4th quarter worth about $189,584,000. Primecap Management Co. CA increased its holdings in MongoDB by 863.5% during the 1st quarter. Primecap Management Co. CA now owns 870,550 shares of the company’s stock worth $152,694,000 after purchasing an additional 780,200 shares in the last quarter. Westfield Capital Management Co. LP bought a new position in MongoDB during the 1st quarter worth about $128,706,000. Finally, Vanguard Group Inc. increased 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 worth $1,369,833,000 after purchasing an additional 481,023 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.
About MongoDB
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.
Read More
Before you consider MongoDB, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and MongoDB wasn’t on the list.
While MongoDB currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.