MongoDB, Inc. (NASDAQ:MDB – Get Free Report) has been given a consensus rating of “Moderate Buy” by the thirty brokerages that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, twenty-two have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $363.93.

A number of brokerages recently issued reports on MDB. The Goldman Sachs Group increased their target price on shares of MongoDB from $340.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Robert W. Baird raised their price objective on shares of MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Canaccord Genuity Group boosted their target price on MongoDB from $325.00 to $385.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Oppenheimer raised their price target on MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Finally, Loop Capital boosted their price objective on MongoDB from $315.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd.

Get Our Latest Stock Analysis on MongoDB

Insider Activity at MongoDB

In related news, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $355.92, for a total transaction of $355,920.00. Following the completion of the transaction, the chief accounting officer now owns 15,068 shares in the company, valued at approximately $5,363,002.56. This trade represents a 6.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 1,045 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $242.67, for a total value of $253,590.15. Following the completion of the sale, the director now owns 85,652 shares in the company, valued at $20,785,170.84. This represents a 1.21 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,821 shares of company stock valued at $6,831,215. 3.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MDB. Nisa Investment Advisors LLC lifted its holdings in shares of MongoDB by 3.8% during the third quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company’s stock worth $295,000 after buying an additional 40 shares in the last quarter. Hilltop National Bank raised its stake in MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after purchasing an additional 42 shares in the last quarter. Tanager Wealth Management LLP boosted its holdings in MongoDB by 4.7% in the 3rd quarter. Tanager Wealth Management LLP now owns 957 shares of the company’s stock valued at $259,000 after purchasing an additional 43 shares during the period. Rakuten Securities Inc. grew its position in shares of MongoDB by 16.5% during the 3rd quarter. Rakuten Securities Inc. now owns 332 shares of the company’s stock worth $90,000 after purchasing an additional 47 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC increased its holdings in shares of MongoDB by 5.2% during the third quarter. Prime Capital Investment Advisors LLC now owns 1,190 shares of the company’s stock worth $322,000 after purchasing an additional 59 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Stock Performance

NASDAQ:MDB opened at $253.11 on Monday. The firm’s 50-day moving average is $278.24 and its 200-day moving average is $269.19. MongoDB has a 52-week low of $212.74 and a 52-week high of $509.62. The company has a market cap of $18.85 billion, a price-to-earnings ratio of -92.38 and a beta of 1.25.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.68 by $0.48. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The firm had revenue of $529.40 million during the quarter, compared to analysts’ expectations of $497.39 million. During the same period last year, the business earned $0.96 earnings per share. MongoDB’s quarterly revenue was up 22.3% compared to the same quarter last year. Equities analysts predict that MongoDB will post -1.79 EPS for the current year.

About MongoDB

(Get Free Report

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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