MongoDB, Inc. (NASDAQ:MDB) Given Average Rating of “Moderate Buy” by Analysts

Shares of MongoDB, Inc. (NASDAQ:MDB) have earned a consensus rating of “Moderate Buy” from the thirty-five brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, twenty-seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $405.3548.

A number of equities analysts have recently issued reports on the company. Wall Street Zen downgraded MongoDB from a “buy” rating to a “hold” rating in a research note on Sunday. Weiss Ratings cut MongoDB from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, April 29th. Wedbush upped their price target on shares of MongoDB from $380.00 to $390.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Cantor Fitzgerald upped their price objective on MongoDB from $378.00 to $416.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Finally, Monness Crespi & Hardt lifted their target price on shares of MongoDB from $370.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, May 29th.

Insider Transactions at MongoDB

In other news, Director Hope F. Cochran sold 1,566 shares of MongoDB stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $344.05, for a total transaction of $538,782.30. Following the sale, the director owned 25,444 shares in the company, valued at $8,754,008.20. This trade represents a 5.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michael J. Berry sold 5,000 shares of MongoDB stock in a transaction on Monday, June 15th. The stock was sold at an average price of $356.63, for a total transaction of $1,783,150.00. Following the sale, the chief financial officer directly owned 1,500 shares in the company, valued at $534,945. This trade represents a 76.92% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 127,746 shares of company stock worth $47,343,538 over the last 90 days. 2.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC grew its stake in MongoDB by 31.6% in the first quarter. Integrated Wealth Concepts LLC now owns 1,363 shares of the company’s stock worth $239,000 after purchasing an additional 327 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of MongoDB by 55.0% in the 1st quarter. NewEdge Advisors LLC now owns 4,238 shares of the company’s stock valued at $743,000 after buying an additional 1,504 shares during the period. Sivia Capital Partners LLC acquired a new position in MongoDB in the second quarter valued at approximately $329,000. Cresset Asset Management LLC boosted its position in MongoDB by 13.4% during the 2nd quarter. Cresset Asset Management LLC now owns 3,138 shares of the company’s stock valued at $659,000 after purchasing an additional 370 shares during the period. Finally, Cerity Partners LLC increased its position in MongoDB by 28.3% in the second quarter. Cerity Partners LLC now owns 12,215 shares of the company’s stock worth $2,565,000 after buying an additional 2,697 shares during the period. 89.29% of the stock is currently owned by institutional investors.

MongoDB Stock Performance

Shares of NASDAQ:MDB opened at $310.62 on Friday. MongoDB has a one year low of $198.47 and a one year high of $444.72. The company has a 50-day simple moving average of $335.86 and a 200-day simple moving average of $317.73. The stock has a market capitalization of $24.98 billion, a price-to-earnings ratio of -839.51, a PEG ratio of 1,269.30 and a beta of 1.55.

MongoDB (NASDAQ:MDB) last released its earnings results on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.13. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The business had revenue of $687.62 million for the quarter, compared to analyst estimates of $664.53 million. During the same quarter in the previous year, the company posted $1.00 earnings per share. The company’s revenue for the quarter was up 25.2% compared to the same quarter last year. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. As a group, research analysts forecast that MongoDB will post 0.02 EPS for the current fiscal year.

About MongoDB

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.