Brokerages Set MongoDB, Inc. (NASDAQ:MDB) Target Price at $444.93

Shares of MongoDB, Inc. (NASDAQ:MDB) have been given an average recommendation of “Moderate Buy” by the twenty-five analysts that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and twenty have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $443.86.

MDB has been the topic of a number of recent research reports. UBS Group restated a “neutral” rating and issued a $410.00 price objective (down previously from $475.00) on shares of MongoDB in a report on Thursday, January 4th. Truist Financial upped their price objective on shares of MongoDB from $440.00 to $500.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Redburn Atlantic reiterated a “sell” rating and issued a $295.00 target price (down previously from $410.00) on shares of MongoDB in a research note on Tuesday, March 19th. JMP Securities reiterated a “market outperform” rating and issued a $440.00 target price on shares of MongoDB in a research note on Monday, January 22nd. Finally, DA Davidson upgraded shares of MongoDB from a “neutral” rating to a “buy” rating and upped their target price for the stock from $405.00 to $430.00 in a research note on Friday, March 8th.

MongoDB Price Performance

Shares of MDB opened at $383.80 on Friday. The stock has a market cap of $27.95 billion, a PE ratio of -154.76 and a beta of 1.19. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.40 and a current ratio of 4.40. MongoDB has a fifty-two week low of $215.56 and a fifty-two week high of $509.62. The firm’s 50-day simple moving average is $379.60 and its two-hundred day simple moving average is $390.67.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). The business had revenue of $458.00 million during the quarter, compared to analysts’ expectations of $431.99 million. MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. Analysts anticipate that MongoDB will post -2.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $365.00, for a total value of $730,000.00. Following the transaction, the director now directly owns 1,154,784 shares in the company, valued at $421,496,160. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other MongoDB news, CAO Thomas Bull sold 170 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total value of $59,180.40. Following the transaction, the chief accounting officer now directly owns 17,360 shares in the company, valued at $6,043,363.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $365.00, for a total transaction of $730,000.00. Following the completion of the sale, the director now directly owns 1,154,784 shares of the company’s stock, valued at $421,496,160. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 91,802 shares of company stock worth $35,936,911. Company insiders own 4.80% of the company’s stock.

Institutional Trading of MongoDB

A number of hedge funds and other institutional investors have recently modified their holdings of MDB. Vontobel Holding Ltd. increased its stake in shares of MongoDB by 5.8% in the third quarter. Vontobel Holding Ltd. now owns 4,224 shares of the company’s stock worth $1,461,000 after purchasing an additional 232 shares in the last quarter. CWM LLC grew its stake in MongoDB by 8.2% during the third quarter. CWM LLC now owns 2,591 shares of the company’s stock valued at $896,000 after acquiring an additional 196 shares in the last quarter. Moody National Bank Trust Division grew its stake in MongoDB by 21.9% during the third quarter. Moody National Bank Trust Division now owns 1,641 shares of the company’s stock valued at $568,000 after acquiring an additional 295 shares in the last quarter. IFP Advisors Inc grew its stake in MongoDB by 35.2% during the third quarter. IFP Advisors Inc now owns 1,494 shares of the company’s stock valued at $517,000 after acquiring an additional 389 shares in the last quarter. Finally, DnB Asset Management AS grew its stake in MongoDB by 44.7% during the third quarter. DnB Asset Management AS now owns 15,453 shares of the company’s stock valued at $5,345,000 after acquiring an additional 4,773 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Company Profile

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.