Analysts Set MongoDB, Inc. (NASDAQ:MDB) Price Target at $366.14

MongoDB, Inc. (NASDAQ:MDB) has earned an average rating of “Moderate Buy” from the twenty-nine analysts that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, twenty-one have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $366.14.

Several equities research analysts have recently issued reports on MDB shares. Royal Bank of Canada raised their price objective on MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Mizuho raised their price target on MongoDB from $275.00 to $320.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Truist Financial reaffirmed a “buy” rating and set a $400.00 price objective (up previously from $320.00) on shares of MongoDB in a research note on Tuesday, December 10th. Stifel Nicolaus raised their target price on shares of MongoDB from $325.00 to $360.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, KeyCorp upped their price target on shares of MongoDB from $330.00 to $375.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th.

Insiders Place Their Bets

In related news, Director Dwight A. Merriman sold 1,385 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $287.82, for a total value of $398,630.70. Following the sale, the director now owns 89,063 shares of the company’s stock, valued at approximately $25,634,112.66. This trade represents a 1.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Thomas Bull sold 1,000 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $355.92, for a total value of $355,920.00. Following the transaction, the chief accounting officer now owns 15,068 shares of the company’s stock, valued at approximately $5,363,002.56. The trade was a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,879 shares of company stock valued at $6,985,212 over the last 90 days. 3.60% of the stock is owned by company insiders.

Institutional Trading of MongoDB

Hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its stake in shares of MongoDB by 3.8% in the third quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company’s stock valued at $295,000 after purchasing an additional 40 shares during the period. Tanager Wealth Management LLP grew its holdings in MongoDB by 4.7% in the 3rd quarter. Tanager Wealth Management LLP now owns 957 shares of the company’s stock worth $259,000 after buying an additional 43 shares in the last quarter. Rakuten Securities Inc. increased its position in MongoDB by 16.5% in the 3rd quarter. Rakuten Securities Inc. now owns 332 shares of the company’s stock valued at $90,000 after acquiring an additional 47 shares during the period. Prime Capital Investment Advisors LLC raised its stake in MongoDB by 5.2% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,190 shares of the company’s stock valued at $322,000 after acquiring an additional 59 shares in the last quarter. Finally, Fulton Bank N.A. boosted its position in MongoDB by 5.6% during the 3rd quarter. Fulton Bank N.A. now owns 1,199 shares of the company’s stock worth $324,000 after acquiring an additional 64 shares during the period. 89.29% of the stock is currently owned by institutional investors.

MongoDB Trading Down 0.5 %

MongoDB stock opened at $232.81 on Thursday. The stock has a 50-day moving average price of $285.32 and a 200 day moving average price of $268.25. MongoDB has a 52 week low of $212.74 and a 52 week high of $509.62. The stock has a market cap of $17.34 billion, a PE ratio of -84.97 and a beta of 1.17.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business had revenue of $529.40 million during the quarter, compared to analyst estimates of $497.39 million. During the same quarter in the previous year, the business posted $0.96 earnings per share. The company’s revenue was up 22.3% on a year-over-year basis. On average, equities analysts predict that MongoDB will post -1.86 EPS for the current year.

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.