Shares of MongoDB, Inc. (NASDAQ:MDB – Get Free Report) have been given an average recommendation of “Moderate Buy” by the thirty-three research firms that are currently covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation, twenty-four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $294.78.

A number of research analysts have weighed in on the company. Rosenblatt Securities reiterated a “buy” rating and set a $350.00 target price on shares of MongoDB in a report on Tuesday, March 4th. Truist Financial decreased their price objective on MongoDB from $300.00 to $275.00 and set a “buy” rating for the company in a report on Monday, March 31st. Monness Crespi & Hardt upgraded shares of MongoDB from a “sell” rating to a “neutral” rating in a report on Monday, March 3rd. Scotiabank reiterated a “sector perform” rating and issued a $160.00 price target (down from $240.00) on shares of MongoDB in a research note on Friday. Finally, KeyCorp lowered shares of MongoDB from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th.

Check Out Our Latest Report on MDB

Insider Buying and Selling

In other news, Director Dwight A. Merriman sold 3,000 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $266.00, for a total transaction of $798,000.00. Following the completion of the sale, the director now owns 1,113,006 shares of the company’s stock, valued at $296,059,596. The trade was a 0.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Thomas Bull sold 301 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total value of $52,148.25. Following the completion of the transaction, the chief accounting officer now directly owns 14,598 shares in the company, valued at approximately $2,529,103.50. This represents a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,345 shares of company stock valued at $8,485,310 over the last 90 days. Company insiders own 3.60% of the company’s stock.

Institutional Trading of MongoDB

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cloud Capital Management LLC bought a new stake in MongoDB during the first quarter valued at about $25,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of MongoDB during the fourth quarter worth about $29,000. Hilltop National Bank raised its stake in MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after purchasing an additional 42 shares during the period. NCP Inc. purchased a new position in MongoDB in the 4th quarter worth approximately $35,000. Finally, Versant Capital Management Inc boosted its stake in MongoDB by 1,100.0% in the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $42,000 after purchasing an additional 165 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Price Performance

NASDAQ MDB opened at $174.69 on Wednesday. The business’s 50-day moving average is $190.43 and its 200 day moving average is $247.31. The stock has a market capitalization of $14.18 billion, a PE ratio of -63.76 and a beta of 1.49. MongoDB has a 1 year low of $140.78 and a 1 year high of $387.19.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. During the same quarter in the prior year, the business posted $0.86 earnings per share. As a group, equities research analysts anticipate that MongoDB will post -1.78 earnings per share for the current year.

MongoDB Company Profile

(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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