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

Shares of MongoDB, Inc. (NASDAQ:MDB) have earned an average recommendation of “Moderate Buy” from the twenty-six research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation, nineteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $355.74.

MDB has been the topic of a number of research reports. Oppenheimer reduced their price target on shares of MongoDB from $480.00 to $300.00 and set an “outperform” rating on the stock in a report on Friday, May 31st. Robert W. Baird reduced their target price on shares of MongoDB from $450.00 to $305.00 and set an “outperform” rating on the stock in a report on Friday, May 31st. Guggenheim upgraded shares of MongoDB from a “sell” rating to a “neutral” rating in a report on Monday, June 3rd. Bank of America reduced their target price on shares of MongoDB from $500.00 to $470.00 and set a “buy” rating on the stock in a report on Friday, May 17th. Finally, Canaccord Genuity Group reduced their target price on shares of MongoDB from $435.00 to $325.00 and set a “buy” rating on the stock in a report on Friday, May 31st.

MongoDB Stock Performance

Shares of NASDAQ MDB opened at $232.70 on Monday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.93 and a current ratio of 4.93. The company has a market cap of $17.07 billion, a P/E ratio of -82.81 and a beta of 1.13. The firm’s fifty day moving average is $249.70 and its two-hundred day moving average is $340.31. MongoDB has a 52-week low of $214.74 and a 52-week high of $509.62.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Thursday, May 30th. The company reported ($0.80) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.80). The company had revenue of $450.56 million for the quarter, compared to the consensus estimate of $438.44 million. MongoDB had a negative net margin of 11.50% and a negative return on equity of 14.88%. As a group, analysts anticipate that MongoDB will post -2.67 EPS for the current fiscal year.

Insider Transactions at MongoDB

In other news, CRO Cedric Pech sold 273 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total value of $72,424.17. Following the completion of the sale, the executive now owns 35,719 shares of the company’s stock, valued at approximately $9,475,893.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other MongoDB news, CAO Thomas Bull sold 138 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total value of $36,610.02. Following the completion of the sale, the chief accounting officer now directly owns 17,222 shares in the company, valued at $4,568,824.38. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CRO Cedric Pech sold 273 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total transaction of $72,424.17. Following the completion of the sale, the executive now owns 35,719 shares of the company’s stock, valued at $9,475,893.51. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,179 shares of company stock valued at $6,906,989. Company insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On MongoDB

Several institutional investors have recently bought and sold shares of the company. Quadrant Capital Group LLC boosted its stake in MongoDB by 5.6% in the fourth quarter. Quadrant Capital Group LLC now owns 412 shares of the company’s stock valued at $168,000 after acquiring an additional 22 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of MongoDB by 12.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 226 shares of the company’s stock worth $92,000 after buying an additional 25 shares during the last quarter. Yousif Capital Management LLC raised its holdings in shares of MongoDB by 3.9% in the fourth quarter. Yousif Capital Management LLC now owns 792 shares of the company’s stock worth $324,000 after buying an additional 30 shares during the last quarter. Valley National Advisers Inc. raised its holdings in shares of MongoDB by 5.9% in the fourth quarter. Valley National Advisers Inc. now owns 597 shares of the company’s stock worth $244,000 after buying an additional 33 shares during the last quarter. Finally, First Trust Direct Indexing L.P. raised its holdings in shares of MongoDB by 2.2% in the fourth quarter. First Trust Direct Indexing L.P. now owns 1,561 shares of the company’s stock worth $638,000 after buying an additional 33 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

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.