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

MongoDB, Inc. (NASDAQ:MDB) has been assigned an average rating of “Moderate Buy” from the twenty-four research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and nineteen have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $444.93.

Several research firms recently weighed in on MDB. Tigress Financial upped their price target on shares of MongoDB from $495.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Redburn Atlantic reaffirmed a “sell” rating and issued a $295.00 target price (down from $410.00) on shares of MongoDB in a research note on Tuesday, March 19th. UBS Group restated a “neutral” rating and set a $410.00 price objective (down from $475.00) on shares of MongoDB in a research report on Thursday, January 4th. Stifel Nicolaus reissued a “buy” rating and issued a $435.00 price target on shares of MongoDB in a research note on Thursday, March 14th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $440.00 price objective on shares of MongoDB in a research report on Monday, January 22nd.

Insider Transactions at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $420.00, for a total transaction of $420,000.00. Following the sale, the director now owns 528,896 shares in the company, valued at $222,136,320. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CAO Thomas Bull sold 170 shares of MongoDB stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total value of $59,180.40. Following the sale, the chief accounting officer now directly owns 17,360 shares in the company, valued at approximately $6,043,363.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $420.00, for a total transaction of $420,000.00. Following the transaction, the director now directly owns 528,896 shares of the company’s stock, valued at $222,136,320. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 92,802 shares of company stock valued at $36,356,911. 4.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Jennison Associates LLC increased its holdings in shares of MongoDB by 87.8% in the third quarter. Jennison Associates LLC now owns 3,733,964 shares of the company’s stock valued at $1,291,429,000 after buying an additional 1,745,231 shares in the last quarter. 1832 Asset Management L.P. boosted its position in shares of MongoDB by 3,283,771.0% in the fourth quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock worth $200,383,000 after buying an additional 1,017,969 shares during the period. Norges Bank acquired a new position in MongoDB during the fourth quarter valued at $326,237,000. Axiom Investors LLC DE purchased a new position in MongoDB during the 4th quarter valued at about $153,990,000. Finally, T. Rowe Price Investment Management Inc. lifted its position in shares of MongoDB by 77.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 568,803 shares of the company’s stock worth $111,964,000 after purchasing an additional 248,133 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Stock Performance

MDB stock opened at $327.47 on Friday. The firm has a 50-day simple moving average of $390.81 and a two-hundred day simple moving average of $389.91. 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 one year low of $212.52 and a one year high of $509.62. The firm has a market cap of $23.85 billion, a price-to-earnings ratio of -132.04 and a beta of 1.19.

MongoDB (NASDAQ:MDB) last announced its earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by ($0.32). The business had revenue of $458.00 million for the quarter, compared to analyst estimates of $431.99 million. MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. On average, equities analysts forecast that MongoDB will post -2.53 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.