MongoDB (NASDAQ:MDB) Earns Neutral Rating from Analysts at Macquarie

Macquarie began coverage on shares of MongoDB (NASDAQ:MDB) in a research note published on Thursday morning, Marketbeat reports. The firm issued a neutral rating and a $300.00 target price on the stock.

MDB has been the subject of a number of other reports. Sanford C. Bernstein increased their price objective on MongoDB from $358.00 to $360.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Piper Sandler restated an “overweight” rating and set a $425.00 target price on shares of MongoDB in a report on Tuesday, December 10th. KeyCorp increased their price objective on MongoDB from $330.00 to $375.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. JMP Securities reaffirmed a “market outperform” rating and issued a $380.00 target price on shares of MongoDB in a research note on Wednesday. Finally, Wedbush raised shares of MongoDB to a “strong-buy” rating in a research report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $370.08.

MongoDB Trading Down 7.4 %

NASDAQ:MDB opened at $267.19 on Thursday. MongoDB has a 12-month low of $212.74 and a 12-month high of $509.62. The firm has a market cap of $19.74 billion, a PE ratio of -97.51 and a beta of 1.17. The stock has a fifty day moving average price of $293.17 and a 200 day moving average price of $268.08.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.48. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business had revenue of $529.40 million during the quarter, compared to analysts’ expectations of $497.39 million. During the same period in the prior year, the firm posted $0.96 EPS. The business’s quarterly revenue was up 22.3% compared to the same quarter last year. Equities analysts forecast that MongoDB will post -2.29 EPS for the current year.

Insider Buying and Selling

In related news, CRO Cedric Pech sold 302 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total transaction of $77,387.50. Following the sale, the executive now owns 33,440 shares in the company, valued at $8,569,000. This represents a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Thomas Bull sold 154 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total value of $39,462.50. Following the transaction, the chief accounting officer now owns 16,068 shares of the company’s stock, valued at approximately $4,117,425. The trade was a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,600 shares of company stock worth $7,611,849. Insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On MongoDB

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. MFA Wealth Advisors LLC acquired a new position in MongoDB in the second quarter worth approximately $25,000. Quarry LP increased its holdings in MongoDB by 2,580.0% in the second quarter. Quarry LP now owns 134 shares of the company’s stock worth $33,000 after buying an additional 129 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of MongoDB in the 3rd quarter valued at $36,000. Continuum Advisory LLC increased its holdings in shares of MongoDB by 621.1% during the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after acquiring an additional 118 shares during the last quarter. Finally, Hantz Financial Services Inc. acquired a new position in MongoDB in the 2nd quarter valued at $35,000. Institutional investors own 89.29% of the company’s stock.

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.