MongoDB, Inc. (NASDAQ:MDB – Get Rating) has an average rating of “moderate buy” from the twenty-two brokerages that currently cover the business, MarketBeat Ratings reports. Three equity research analysts rated the stock with a hold recommendation and sixteen gave the company a buy recommendation. The 1-year average target price among analysts who have reported on the stock in the past year is $270.75.
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A number of analysts have weighed in on MDB shares recently. Piper Sandler cut her price target on MongoDB shares from $350.00 to $270.00 and set an “overweight” rating on the stock in a Thursday, October 20 report. Barclays raised its price target on MongoDB shares from $233.00 to $240.00 and gave the company an “overweight” rating in a Wednesday, Dec. 7 report. JMP Securities upgraded MongoDB shares from a “market performer” rating to an “outperformer” rating and set a price target of $215.00 on the stock in a Wednesday, Dec. 7 report. Credit Suisse Group cut its price target on MongoDB shares from $400.00 to $305.00 and set an “outperform” rating on the stock in a Wednesday, Dec. 7 report. Finally, Mizuho cut its price target on MongoDB shares from $190.00 to $170.00 and set a “neutral” rating on the stock in a Wednesday, Dec. 7 report.
Insider Transactions at MongoDB
Separately, CEO Dev Ittycheria sold 39,382 shares of the company in a trade on Tuesday, January 3. The shares were sold at an average price of $199.96, for a total transaction of $7,874,824.72. Following the sale, the CEO now owns 190,264 shares of the company, valued at $38,045,189.44. The transaction was disclosed in a document filed with the SEC, accessible via this link. Separately, CEO Dev Ittycheria sold 39,382 shares of the company in a trade on Tuesday, January 3. The shares were sold at an average price of $199.96, for a total transaction of $7,874,824.72. Following the sale, the CEO now owns 190,264 shares of the company, valued at $38,045,189.44. The transaction was disclosed in a document filed with the SEC, accessible via this link. Additionally, director Dwight A. Merriman sold 14,095 shares of the company in a trade on Tuesday, January 3. The shares were sold at an average price of $199.36, for a total transaction of $2,809,979.20. As a result of the sale, the administrator now owns 1,227,954 shares of the company, valued at approximately $244,804,909.44. The disclosure of this sale can be found here. Insiders sold 58,074 shares of the company worth $11,604,647 in the past 90 days. 5.70% of the shares are currently held by insiders of the company.
Hedge funds weigh on MongoDB
Several hedge funds and other institutional investors have recently increased or reduced their stakes in the stock. Prentice Wealth Management LLC bought a new position in MongoDB stock in the second quarter worth about $26,000. Venture Visionary Partners LLC bought a new equity position in MongoDB in the second quarter worth about $28,000. Sentry Investment Management LLC bought a new position in MongoDB stock in the third quarter worth about $33,000. Lindbrook Capital LLC increased its stake in MongoDB shares by 350.0% in the fourth quarter. Lindbrook Capital LLC now owns 171 shares of the company worth $34,000 after buying 133 additional shares in the last quarter. Finally, Alta Advisers Ltd bought a new position in MongoDB shares in Q3 worth around $40,000. 84.86% of the shares are held by hedge funds and other institutional investors.
MongoDB is trading down 2.4%
MongoDB shares opened at $195.14 on Thursday. The company has a debt ratio of 1.66, a current ratio of 4.10 and a quick ratio of 4.10. MongoDB has a 1 year minimum of $135.15 and a 1 year maximum of $471.96. The company’s fifty-day simple moving average is $182.29 and its 200-day simple moving average is $226.72. The stock has a market capitalization of $13.52 billion, a PE ratio of -36.34 and a beta of 0.89.
MongoDB (NASDAQ:MDB – Get Rating) last released its results on Tuesday, December 6. The company reported ($1.23) earnings per share for the quarter, beating analyst consensus estimates of ($1.48) by $0.25. MongoDB had a negative net margin of 30.73% and a negative return on equity of 52.50%. The company posted revenue of $333.62 million for the quarter, compared to $302.39 million expected by analysts. As a group, stock analysts expect MongoDB to post earnings per share of -4.65 for the current year.
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MongoDB, Inc is committed to the development and delivery of a general purpose database platform. The Company’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.
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