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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-five research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and twenty-one have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $430.41.
MDB has been the topic of several research reports. TheStreet raised shares of MongoDB from a “d+” rating to a “c-” rating in a research note on Friday, December 1st. Bank of America started coverage on shares of MongoDB in a research report on Thursday, October 12th. They set a “buy” rating and a $450.00 price target for the company. KeyCorp cut their price objective on MongoDB from $495.00 to $440.00 and set an “overweight” rating for the company in a research note on Monday, October 23rd. UBS Group reiterated a “neutral” rating and set a $410.00 target price (down from $475.00) on shares of MongoDB in a research report on Thursday, January 4th. Finally, Capital One Financial upgraded MongoDB from an “equal weight” rating to an “overweight” rating and set a $427.00 target price on the stock in a research note on Wednesday, November 8th.
Insider Activity
In other MongoDB news, CAO Thomas Bull sold 359 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $404.38, for a total transaction of $145,172.42. Following the completion of the sale, the chief accounting officer now owns 16,313 shares of the company’s stock, valued at $6,596,650.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other MongoDB news, CFO Michael Lawrence Gordon sold 7,577 shares of the business’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $410.03, for a total value of $3,106,797.31. Following the transaction, the chief financial officer now directly owns 89,027 shares in the company, valued at $36,503,740.81. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Thomas Bull sold 359 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $404.38, for a total transaction of $145,172.42. Following the completion of the transaction, the chief accounting officer now owns 16,313 shares in the company, valued at $6,596,650.94. The disclosure for this sale can be found here. In the last 90 days, insiders sold 147,029 shares of company stock worth $56,304,511. Insiders own 4.80% of the company’s stock.
Hedge Funds Weigh In On MongoDB
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nordea Investment Management AB raised its stake in shares of MongoDB by 298.2% during the fourth quarter. Nordea Investment Management AB now owns 18,657 shares of the company’s stock worth $7,735,000 after buying an additional 13,972 shares during the last quarter. Northside Capital Management LLC bought a new stake in MongoDB in the fourth quarter valued at approximately $209,000. IFP Advisors Inc increased its stake in MongoDB by 197.5% in the fourth quarter. IFP Advisors Inc now owns 4,444 shares of the company’s stock valued at $1,817,000 after purchasing an additional 2,950 shares in the last quarter. Jackson Square Capital LLC increased its stake in MongoDB by 18.2% in the fourth quarter. Jackson Square Capital LLC now owns 2,067 shares of the company’s stock valued at $845,000 after purchasing an additional 319 shares in the last quarter. Finally, Beacon Capital Management LLC increased its position in shares of MongoDB by 1,111.1% during the fourth quarter. Beacon Capital Management LLC now owns 109 shares of the company’s stock worth $45,000 after acquiring an additional 100 shares in the last quarter. 88.89% of the stock is currently owned by institutional investors and hedge funds.
MongoDB Stock Up 3.8 %
Shares of NASDAQ:MDB opened at $393.15 on Thursday. The business has a fifty day simple moving average of $394.98 and a 200 day simple moving average of $380.82. MongoDB has a 12-month low of $179.52 and a 12-month high of $442.84. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.18. The firm has a market cap of $28.38 billion, a P/E ratio of -148.92 and a beta of 1.23.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings data on Tuesday, December 5th. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.51 by $0.45. MongoDB had a negative return on equity of 20.64% and a negative net margin of 11.70%. The business had revenue of $432.94 million for the quarter, compared to the consensus estimate of $406.33 million. During the same quarter in the prior year, the business earned ($1.23) earnings per share. MongoDB’s revenue for the quarter was up 29.8% on a year-over-year basis. Analysts predict that MongoDB will post -1.64 earnings per share for the current year.
About MongoDB
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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