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

MongoDB, Inc. (NASDAQ:MDB) has earned an average rating of “Moderate Buy” from the twenty-six research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $355.74.

Several equities analysts recently weighed in on the company. Mizuho reduced their target price on MongoDB from $380.00 to $250.00 and set a “neutral” rating on the stock in a research report on Friday, May 31st. Citigroup dropped their price target on MongoDB from $480.00 to $350.00 and set a “buy” rating for the company in a research note on Monday, June 3rd. Monness Crespi & Hardt upgraded MongoDB to a “hold” rating in a research note on Tuesday, May 28th. Robert W. Baird dropped their price target on MongoDB from $450.00 to $305.00 and set an “outperform” rating for the company in a research note on Friday, May 31st. Finally, Morgan Stanley dropped their price target on MongoDB from $455.00 to $320.00 and set an “overweight” rating for the company in a research note on Friday, May 31st.

MongoDB Stock Performance

NASDAQ MDB opened at $245.72 on Friday. The business’s 50-day moving average price is $246.96 and its 200 day moving average price is $317.33. MongoDB has a twelve month low of $212.74 and a twelve month high of $509.62. The company has a market capitalization of $18.02 billion, a PE ratio of -87.44 and a beta of 1.13. The company has a current ratio of 4.93, a quick ratio of 4.93 and a debt-to-equity ratio of 0.90.

MongoDB (NASDAQ:MDB) last released its earnings results on Thursday, May 30th. The company reported ($0.80) earnings per share for the quarter, hitting the consensus estimate of ($0.80). MongoDB had a negative return on equity of 14.88% and a negative net margin of 11.50%. The firm had revenue of $450.56 million for the quarter, compared to the consensus estimate of $438.44 million. On average, research analysts predict that MongoDB will post -2.67 earnings per share for the current year.

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $234.24, for a total value of $468,480.00. Following the completion of the transaction, the director now owns 1,146,784 shares of the company’s stock, valued at $268,622,684.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $234.24, for a total transaction of $468,480.00. Following the transaction, the director now owns 1,146,784 shares of the company’s stock, valued at approximately $268,622,684.16. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CRO Cedric Pech sold 273 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total value of $72,424.17. Following the transaction, the executive now directly owns 35,719 shares in the company, valued at approximately $9,475,893.51. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,179 shares of company stock valued at $7,368,989. Insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Sycomore Asset Management lifted its holdings in shares of MongoDB by 86.4% in the 2nd quarter. Sycomore Asset Management now owns 53,568 shares of the company’s stock worth $12,884,000 after purchasing an additional 24,827 shares during the last quarter. Truist Financial Corp lifted its holdings in shares of MongoDB by 15.9% in the 2nd quarter. Truist Financial Corp now owns 40,184 shares of the company’s stock worth $10,044,000 after purchasing an additional 5,509 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of MongoDB by 12.0% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 1,242 shares of the company’s stock worth $310,000 after purchasing an additional 133 shares during the last quarter. Quarry LP lifted its holdings in shares of MongoDB by 2,580.0% in the 2nd quarter. Quarry LP now owns 134 shares of the company’s stock worth $33,000 after purchasing an additional 129 shares during the last quarter. Finally, Creative Planning lifted its holdings in shares of MongoDB by 115.0% in the 2nd quarter. Creative Planning now owns 14,991 shares of the company’s stock worth $3,747,000 after purchasing an additional 8,019 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

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.