MongoDB, Inc. (NASDAQ:MDB) Receives Consensus Recommendation of “Moderate Buy …

MMS Founder
MMS RSS

Posted on mongodb google news. Visit mongodb google news

MongoDB, Inc. (NASDAQ:MDBGet Rating) has earned an average recommendation of “Moderate Buy” from the twenty-three ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $260.27.

MDB has been the topic of a number of recent analyst reports. Stifel Nicolaus dropped their price objective on MongoDB from $256.00 to $240.00 in a report on Thursday, February 23rd. Citigroup lowered their target price on MongoDB from $300.00 to $295.00 and set a “buy” rating on the stock in a research note on Tuesday, March 7th. The Goldman Sachs Group lowered their target price on MongoDB from $325.00 to $280.00 and set a “buy” rating on the stock in a research note on Thursday, March 9th. Oppenheimer lowered their target price on MongoDB from $320.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday, March 9th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $235.00 target price on shares of MongoDB in a research note on Thursday, March 9th.

MongoDB Price Performance

MDB opened at $292.37 on Wednesday. The stock’s 50-day moving average price is $240.96 and its 200 day moving average price is $212.13. MongoDB has a 12-month low of $135.15 and a 12-month high of $390.84. The company has a current ratio of 3.80, a quick ratio of 3.80 and a debt-to-equity ratio of 1.54. The firm has a market cap of $20.48 billion, a price-to-earnings ratio of -58.01 and a beta of 1.06.

MongoDB (NASDAQ:MDBGet Rating) last posted its earnings results on Wednesday, March 8th. The company reported ($0.98) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.18) by $0.20. MongoDB had a negative return on equity of 48.38% and a negative net margin of 26.90%. The firm had revenue of $361.31 million for the quarter, compared to analyst estimates of $335.84 million. As a group, sell-side analysts expect that MongoDB will post -4.04 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Thomas Bull sold 605 shares of the company’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $228.34, for a total transaction of $138,145.70. Following the completion of the transaction, the chief accounting officer now directly owns 17,706 shares of the company’s stock, valued at $4,042,988.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other MongoDB news, CRO Cedric Pech sold 15,534 shares of the stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $250.00, for a total transaction of $3,883,500.00. Following the completion of the transaction, the executive now directly owns 37,516 shares of the company’s stock, valued at approximately $9,379,000. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Thomas Bull sold 605 shares of the stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $228.34, for a total value of $138,145.70. Following the transaction, the chief accounting officer now directly owns 17,706 shares of the company’s stock, valued at $4,042,988.04. The disclosure for this sale can be found here. Insiders have sold a total of 81,013 shares of company stock worth $18,896,567 over the last quarter. 4.80% of the stock is owned by corporate insiders.

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. Bessemer Group Inc. purchased a new stake in shares of MongoDB in the fourth quarter valued at $29,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of MongoDB in the fourth quarter worth $30,000. Global Retirement Partners LLC boosted its position in shares of MongoDB by 346.7% in the first quarter. Global Retirement Partners LLC now owns 134 shares of the company’s stock worth $30,000 after buying an additional 104 shares during the period. Lindbrook Capital LLC boosted its position in shares of MongoDB by 350.0% in the fourth quarter. Lindbrook Capital LLC now owns 171 shares of the company’s stock worth $34,000 after buying an additional 133 shares during the period. Finally, Y.D. More Investments Ltd acquired a new stake in shares of MongoDB in the fourth quarter worth $36,000. 84.86% of the stock is owned by institutional investors.

MongoDB Company Profile

(Get Rating)

MongoDB, Inc engages in the development and provision of a general-purpose database platform. The firm’s products include MongoDB Enterprise Advanced, MongoDB Atlas and Community Server. It also offers professional services including consulting and training. The company was founded by Eliot Horowitz, Dwight A.

Featured Articles

Analyst Recommendations for MongoDB (NASDAQ:MDB)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider MongoDB, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and MongoDB wasn’t on the list.

While MongoDB currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

13 Stocks Institutional Investors Won't Stop Buying Cover

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

Subscribe for MMS Newsletter

By signing up, you will receive updates about our latest information.

  • This field is for validation purposes and should be left unchanged.