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

Shares of MongoDB, Inc. (NASDAQ:MDB) have been given an average rating of “Moderate Buy” by the twenty-four ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and nineteen have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $444.93.

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

Insiders Place Their Bets

In related news, CFO Michael Lawrence Gordon sold 10,000 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $469.84, for a total transaction of $4,698,400.00. Following the transaction, the chief financial officer now owns 70,985 shares of the company’s stock, valued at $33,351,592.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Michael Lawrence Gordon sold 10,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $469.84, for a total value of $4,698,400.00. Following the sale, the chief financial officer now owns 70,985 shares of the company’s stock, valued at $33,351,592.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 4,000 shares of the business’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $341.12, for a total value of $1,364,480.00. Following the completion of the transaction, the director now directly owns 1,156,784 shares in the company, valued at approximately $394,602,158.08. The disclosure for this sale can be found here. Insiders have sold 91,802 shares of company stock valued at $35,936,911 over the last three months. 4.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MongoDB

A number of institutional investors have recently modified their holdings of MDB. Vanguard Group Inc. raised its position in shares of MongoDB by 2.9% during the fourth quarter. Vanguard Group Inc. now owns 6,842,413 shares of the company’s stock worth $2,797,521,000 after acquiring an additional 194,148 shares during the last quarter. Jennison Associates LLC lifted its position in MongoDB by 3.3% during the 4th quarter. Jennison Associates LLC now owns 3,856,857 shares of the company’s stock valued at $1,576,876,000 after purchasing an additional 122,893 shares during the period. Norges Bank acquired a new position in MongoDB during the 4th quarter valued at about $326,237,000. First Trust Advisors LP grew its position in shares of MongoDB by 59.3% during the 4th quarter. First Trust Advisors LP now owns 549,052 shares of the company’s stock worth $224,480,000 after buying an additional 204,284 shares during the period. Finally, Northern Trust Corp raised its stake in shares of MongoDB by 5.5% during the third quarter. Northern Trust Corp now owns 448,035 shares of the company’s stock worth $154,957,000 after buying an additional 23,270 shares during the last quarter. 89.29% of the stock is owned by institutional investors.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $340.16 on Friday. The business’s fifty day moving average price is $387.85 and its two-hundred day moving average price is $390.73. The stock has a market cap of $24.77 billion, a PE ratio of -137.16 and a beta of 1.20. 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.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing the consensus estimate of ($0.71) by ($0.32). MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. The company had revenue of $458.00 million during the quarter, compared to analysts’ expectations of $431.99 million. On average, 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.