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

Shares of MongoDB, Inc. (NASDAQ:MDBGet Free Report) have received a consensus rating of “Moderate Buy” from the twenty-six ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $364.11.

Several equities research analysts have weighed in on MDB shares. Mizuho lowered their target price on shares of MongoDB from $380.00 to $250.00 and set a “neutral” rating for the company in a research note on Friday, May 31st. Wells Fargo & Company reduced their target price on MongoDB from $450.00 to $300.00 and set an “overweight” rating on the stock in a research report on Friday, May 31st. Robert W. Baird lowered their price target on MongoDB from $450.00 to $305.00 and set an “outperform” rating for the company in a report on Friday, May 31st. Citigroup lowered their target price on shares of MongoDB from $480.00 to $350.00 and set a “buy” rating for the company in a research note on Monday, June 3rd. Finally, Truist Financial cut their price target on shares of MongoDB from $475.00 to $300.00 and set a “buy” rating on the stock in a research note on Friday, May 31st.

Read Our Latest Report on MDB

Insider Transactions at MongoDB

In related news, Director Dwight A. Merriman sold 2,000 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $234.24, for a total transaction of $468,480.00. Following the completion of the transaction, the director now owns 1,146,784 shares in the company, valued at approximately $268,622,684.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $234.24, for a total value of $468,480.00. Following the transaction, the director now owns 1,146,784 shares in the company, valued at approximately $268,622,684.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Thomas Bull sold 170 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total transaction of $59,180.40. Following the completion of the sale, the chief accounting officer now owns 17,360 shares of the company’s stock, valued at $6,043,363.20. The disclosure for this sale can be found here. Insiders sold a total of 48,802 shares of company stock valued at $16,982,551 in the last three months. 3.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MongoDB

A number of large investors have recently made changes to their positions in MDB. Cetera Advisors LLC increased its stake in shares of MongoDB by 106.9% in the 1st quarter. Cetera Advisors LLC now owns 1,558 shares of the company’s stock worth $559,000 after acquiring an additional 805 shares during the last quarter. Cetera Investment Advisers raised its position in shares of MongoDB by 327.6% during the 1st quarter. Cetera Investment Advisers now owns 10,873 shares of the company’s stock valued at $3,899,000 after buying an additional 8,330 shares during the period. Atria Investments Inc lifted its holdings in MongoDB by 1.2% in the first quarter. Atria Investments Inc now owns 3,259 shares of the company’s stock valued at $1,169,000 after acquiring an additional 39 shares during the last quarter. Swedbank AB purchased a new position in MongoDB in the first quarter worth approximately $91,915,000. Finally, LRI Investments LLC acquired a new stake in MongoDB during the first quarter worth $106,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

MongoDB Price Performance

MDB opened at $227.00 on Friday. The firm has a market capitalization of $16.65 billion, a PE ratio of -80.78 and a beta of 1.13. The business’s 50-day moving average is $328.23 and its two-hundred day moving average is $378.60. MongoDB has a 1 year low of $217.95 and a 1 year high of $509.62. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.93 and a quick ratio of 4.93.

MongoDB Company Profile

(Get Free Report

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.

See Also

Analyst Recommendations for MongoDB (NASDAQ:MDB)

Receive News & Ratings for MongoDB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MongoDB and related companies with MarketBeat.com's FREE daily email newsletter.