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MongoDB, Inc. (NASDAQ:MDB) Receives Consensus Rating of “Moderate Buy” from Analysts

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Shares of MongoDB, Inc. (NASDAQ:MDBGet Rating) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-two ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $274.00.

Several brokerages recently commented on MDB. UBS Group raised their target price on MongoDB from $200.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday, December 7th. Robert W. Baird lifted their target price on MongoDB from $205.00 to $230.00 in a research report on Wednesday, December 7th. Mizuho reduced their price objective on MongoDB from $190.00 to $170.00 and set a “neutral” rating for the company in a research report on Wednesday, December 7th. Credit Suisse Group reduced their price objective on MongoDB from $400.00 to $305.00 and set an “outperform” rating for the company in a research report on Wednesday, December 7th. Finally, JMP Securities upgraded MongoDB from a “market perform” rating to an “outperform” rating and set a $215.00 price objective for the company in a research report on Wednesday, December 7th.

Insiders Place Their Bets

In related news, Director Hope F. Cochran sold 1,175 shares of the business’s stock in a transaction on Thursday, December 15th. The shares were sold at an average price of $208.65, for a total value of $245,163.75. Following the transaction, the director now owns 7,674 shares in the company, valued at $1,601,180.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Hope F. Cochran sold 1,175 shares of the company’s stock in a transaction dated Thursday, December 15th. The shares were sold at an average price of $208.65, for a total transaction of $245,163.75. Following the transaction, the director now owns 7,674 shares in the company, valued at $1,601,180.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dev Ittycheria sold 40,107 shares of the company’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $199.87, for a total transaction of $8,016,186.09. Following the completion of the sale, the chief executive officer now owns 194,646 shares in the company, valued at approximately $38,903,896.02. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 59,846 shares of company stock valued at $11,956,703. 5.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MongoDB

A number of institutional investors have recently added to or reduced their stakes in MDB. Price T Rowe Associates Inc. MD grew its position in shares of MongoDB by 0.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 8,258,298 shares of the company’s stock valued at $2,143,029,000 after acquiring an additional 24,197 shares during the period. Vanguard Group Inc. lifted its stake in MongoDB by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 6,127,231 shares of the company’s stock worth $1,216,623,000 after purchasing an additional 62,303 shares in the last quarter. State Street Corp lifted its stake in MongoDB by 1.8% in the 3rd quarter. State Street Corp now owns 1,349,260 shares of the company’s stock worth $267,909,000 after purchasing an additional 23,846 shares in the last quarter. Franklin Resources Inc. lifted its stake in MongoDB by 10.1% in the 2nd quarter. Franklin Resources Inc. now owns 1,346,625 shares of the company’s stock worth $349,449,000 after purchasing an additional 123,431 shares in the last quarter. Finally, 1832 Asset Management L.P. lifted its stake in MongoDB by 19.3% in the 1st quarter. 1832 Asset Management L.P. now owns 1,028,400 shares of the company’s stock worth $450,095,000 after purchasing an additional 166,400 shares in the last quarter. 84.86% of the stock is owned by institutional investors.

MongoDB Stock Performance

MongoDB stock opened at $196.84 on Friday. The stock’s 50-day moving average is $174.78 and its 200-day moving average is $237.66. The company has a market cap of $13.64 billion, a price-to-earnings ratio of -36.66 and a beta of 1.02. The company has a debt-to-equity ratio of 1.66, a current ratio of 4.10 and a quick ratio of 4.10. MongoDB has a 12 month low of $135.15 and a 12 month high of $538.08.

MongoDB Company Profile

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MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; 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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Analyst Recommendations for MongoDB (NASDAQ:MDB)



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Article originally posted on mongodb google news. Visit mongodb google news

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