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Shares of MongoDB, Inc. (NASDAQ:MDB – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the twenty-five brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-two have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $432.44.
Several research analysts have commented on the company. Guggenheim boosted their target price on MongoDB from $220.00 to $250.00 and gave the stock a “sell” rating in a research note on Friday, September 1st. Bank of America assumed coverage on shares of MongoDB in a research report on Thursday, October 12th. They set a “buy” rating and a $450.00 target price for the company. Oppenheimer increased their target price on shares of MongoDB from $430.00 to $480.00 and gave the company an “outperform” rating in a research report on Friday, September 1st. Piper Sandler increased their price target on MongoDB from $425.00 to $500.00 and gave the stock an “overweight” rating in a report on Wednesday, December 6th. Finally, Royal Bank of Canada increased their price target on MongoDB from $445.00 to $475.00 and gave the stock an “outperform” rating in a report on Wednesday, December 6th.
Read Our Latest Research Report on MongoDB
MongoDB Stock Performance
Shares of MDB opened at $420.17 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 4.74 and a current ratio of 4.74. MongoDB has a twelve month low of $164.59 and a twelve month high of $442.84. The firm has a market cap of $29.98 billion, a P/E ratio of -159.16 and a beta of 1.19. The firm’s 50 day moving average price is $377.91 and its two-hundred day moving average price is $377.47.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results on Tuesday, December 5th. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.45. MongoDB had a negative net margin of 11.70% and a negative return on equity of 20.64%. The business had revenue of $432.94 million for the quarter, compared to the consensus estimate of $406.33 million. During the same period in the previous year, the company earned ($1.23) earnings per share. The firm’s revenue for the quarter was up 29.8% on a year-over-year basis. On average, analysts forecast that MongoDB will post -1.64 EPS for the current fiscal year.
Insider Buying and Selling
In related news, CFO Michael Lawrence Gordon sold 7,577 shares of the stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $410.03, for a total transaction of $3,106,797.31. Following the completion of the sale, the chief financial officer now owns 89,027 shares in the company, valued at $36,503,740.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CRO Cedric Pech sold 308 shares of the business’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $326.27, for a total transaction of $100,491.16. Following the completion of the transaction, the executive now owns 34,110 shares in the company, valued at approximately $11,129,069.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Michael Lawrence Gordon sold 7,577 shares of the business’s stock in a transaction on 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 owns 89,027 shares of the company’s stock, valued at approximately $36,503,740.81. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 298,337 shares of company stock worth $106,126,741. 4.80% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On MongoDB
A number of institutional investors and hedge funds have recently bought and sold shares of the company. GPS Wealth Strategies Group LLC acquired a new position in MongoDB during the 2nd quarter valued at about $26,000. KB Financial Partners LLC purchased a new stake in shares of MongoDB in the second quarter worth about $27,000. Capital Advisors Ltd. LLC boosted its stake in shares of MongoDB by 131.0% in the second quarter. Capital Advisors Ltd. LLC now owns 67 shares of the company’s stock worth $28,000 after buying an additional 38 shares during the last quarter. Bessemer Group Inc. purchased a new stake in shares of MongoDB in the fourth quarter worth about $29,000. Finally, BluePath Capital Management LLC purchased a new position in MongoDB during the third quarter worth approximately $30,000. 88.89% of the stock is owned by institutional investors.
MongoDB Company Profile
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.
Further Reading
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