MongoDB, Inc. (NASDAQ:MDB) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of MongoDB, Inc. (NASDAQ:MDB) have been given an average recommendation of “Moderate Buy” by the twenty-seven research firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, twenty have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $337.96.

MDB has been the topic of several recent research reports. Morgan Stanley increased their price objective on shares of MongoDB from $320.00 to $340.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. DA Davidson raised their target price on shares of MongoDB from $330.00 to $340.00 and gave the company a “buy” rating in a research note on Friday, October 11th. JMP Securities reiterated a “market outperform” rating and issued a $380.00 price target on shares of MongoDB in a research note on Friday, August 30th. Needham & Company LLC increased their price objective on shares of MongoDB from $290.00 to $335.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Finally, Wedbush raised MongoDB to a “strong-buy” rating in a research note on Thursday, October 17th.

Insider Transactions at MongoDB

In other news, Director Dwight A. Merriman sold 1,385 shares of MongoDB stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $287.82, for a total value of $398,630.70. Following the transaction, the director now owns 89,063 shares of the company’s stock, valued at $25,634,112.66. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $290.40, for a total value of $290,400.00. Following the completion of the sale, the director now directly owns 1,138,006 shares in the company, valued at $330,476,942.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Dwight A. Merriman sold 1,385 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $287.82, for a total value of $398,630.70. Following the completion of the transaction, the director now directly owns 89,063 shares in the company, valued at approximately $25,634,112.66. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 21,281 shares of company stock valued at $5,848,411. Corporate insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On MongoDB

Several hedge funds and other institutional investors have recently bought and sold shares of MDB. MFA Wealth Advisors LLC purchased a new stake in MongoDB in the 2nd quarter worth approximately $25,000. J.Safra Asset Management Corp grew its position in MongoDB by 682.4% during the second quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock valued at $33,000 after buying an additional 116 shares during the period. Quarry LP increased its holdings in MongoDB by 2,580.0% in the second quarter. Quarry LP now owns 134 shares of the company’s stock valued at $33,000 after buying an additional 129 shares in the last quarter. Hantz Financial Services Inc. acquired a new position in shares of MongoDB in the second quarter worth about $35,000. Finally, GAMMA Investing LLC boosted its stake in shares of MongoDB by 178.8% during the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock worth $39,000 after acquiring an additional 93 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Price Performance

Shares of NASDAQ MDB opened at $274.75 on Wednesday. MongoDB has a twelve month low of $212.74 and a twelve month high of $509.62. The company has a 50 day moving average of $275.85 and a 200 day moving average of $277.93. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84. The firm has a market cap of $20.30 billion, a P/E ratio of -90.98 and a beta of 1.15.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.21. The company had revenue of $478.11 million for the quarter, compared to the consensus estimate of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.63) earnings per share. As a group, research analysts expect that MongoDB will post -2.39 EPS for the current fiscal year.

About MongoDB

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.