Shares of Mongodb Inc (NASDAQ:MDB) have earned a consensus recommendation of “Buy” from the seventeen ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $115.27.

MDB has been the subject of several research analyst reports. Canaccord Genuity lifted their price target on shares of Mongodb from $95.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Barclays boosted their target price on shares of Mongodb from $143.00 to $178.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 15th. DA Davidson reissued a “neutral” rating on shares of Mongodb in a research report on Thursday, March 14th. JMP Securities reissued a “hold” rating on shares of Mongodb in a research report on Wednesday, March 13th. Finally, Zacks Investment Research raised shares of Mongodb from a “hold” rating to a “buy” rating and set a $108.00 target price for the company in a research report on Wednesday, March 6th.

In related news, CEO Dev Ittycheria sold 19,600 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $100.94, for a total transaction of $1,978,424.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Eliot Horowitz sold 6,900 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $137.78, for a total transaction of $950,682.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 204,925 shares of company stock valued at $26,066,704. 40.04% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in MDB. Pearl River Capital LLC purchased a new position in Mongodb during the fourth quarter worth about $25,000. Quantamental Technologies LLC purchased a new position in Mongodb during the fourth quarter worth about $33,000. Oregon Public Employees Retirement Fund purchased a new position in Mongodb during the fourth quarter worth about $33,000. PNC Financial Services Group Inc. purchased a new position in Mongodb during the fourth quarter worth about $34,000. Finally, TCI Wealth Advisors Inc. boosted its holdings in Mongodb by 17,133.3% during the fourth quarter. TCI Wealth Advisors Inc. now owns 517 shares of the company’s stock worth $43,000 after purchasing an additional 514 shares during the last quarter. Institutional investors and hedge funds own 62.52% of the company’s stock.

Shares of NASDAQ:MDB traded down $0.54 during mid-day trading on Friday, reaching $145.20. 1,173,744 shares of the company’s stock were exchanged, compared to its average volume of 1,188,565. The firm has a market cap of $8.01 billion, a PE ratio of -84.42 and a beta of -0.01. The company has a debt-to-equity ratio of 0.82, a quick ratio of 3.44 and a current ratio of 3.44. Mongodb has a twelve month low of $41.94 and a twelve month high of $154.80.

Mongodb (NASDAQ:MDB) last issued its quarterly earnings results on Wednesday, March 13th. The company reported ($0.36) EPS for the quarter, topping analysts’ consensus estimates of ($0.56) by $0.20. The company had revenue of $83.10 million for the quarter, compared to analyst estimates of $74.02 million. Mongodb had a negative net margin of 44.47% and a negative return on equity of 49.90%. Mongodb’s revenue was up 84.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.40) earnings per share. Sell-side analysts forecast that Mongodb will post -1.99 EPS for the current year.

Mongodb Company Profile

MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

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Analyst Recommendations for Mongodb (NASDAQ:MDB)

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