Shares of Mongodb Inc (NASDAQ:MDB) have received a consensus rating of “Buy” from the thirteen brokerages that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $49.56.
A number of research firms recently commented on MDB. Morgan Stanley reissued an “equal weight” rating and issued a $35.00 target price (up previously from $32.00) on shares of Mongodb in a research note on Wednesday, March 14th. Needham & Company LLC reissued a “buy” rating and issued a $43.00 target price (up previously from $34.00) on shares of Mongodb in a research note on Wednesday, March 14th. Stifel Nicolaus increased their target price on Mongodb from $34.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, March 14th. Canaccord Genuity reissued a “buy” rating and issued a $45.00 target price (up previously from $35.00) on shares of Mongodb in a research note on Wednesday, March 14th. Finally, Monness Crespi & Hardt increased their target price on Mongodb from $51.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, June 7th.
Mongodb traded down $1.20, reaching $52.25, during trading on Tuesday, according to Marketbeat Ratings. The stock had a trading volume of 6,400 shares, compared to its average volume of 1,069,486. The stock has a market cap of $2.88 billion and a PE ratio of -30.72. Mongodb has a one year low of $24.62 and a one year high of $59.54.
Mongodb (NASDAQ:MDB) last released its earnings results on Wednesday, June 6th. The company reported ($0.43) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.43). The firm had revenue of $48.20 million during the quarter, compared to the consensus estimate of $46.46 million. Mongodb’s revenue was up 48.8% compared to the same quarter last year. equities research analysts predict that Mongodb will post -2.22 EPS for the current year.
In other Mongodb news, major shareholder Whale Rock Capital Management purchased 1,214,850 shares of the business’s stock in a transaction on Tuesday, May 8th. The stock was acquired at an average cost of $40.23 per share, for a total transaction of $48,873,415.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eliot Horowitz sold 7,100 shares of the stock in a transaction dated Friday, June 15th. The stock was sold at an average price of $57.48, for a total transaction of $408,108.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 121,600 shares of company stock valued at $7,132,188. Company insiders own 40.04% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Stratos Wealth Partners LTD. purchased a new stake in shares of Mongodb during the first quarter worth about $177,000. Schwab Charles Investment Management Inc. purchased a new stake in shares of Mongodb during the first quarter worth about $217,000. UBS Group AG boosted its holdings in shares of Mongodb by 267.4% during the first quarter. UBS Group AG now owns 5,052 shares of the company’s stock worth $219,000 after purchasing an additional 3,677 shares during the period. Quantitative Systematic Strategies LLC purchased a new stake in shares of Mongodb during the first quarter worth about $264,000. Finally, Pier 88 Investment Partners LLC purchased a new stake in shares of Mongodb during the first quarter worth about $283,000. Institutional investors own 26.76% of the company’s stock.
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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