MongoDB, Inc. (NASDAQ:MDB) is rated as Buy by analysts at Needham. The firm was pushed by the stock performance to change their PT view from $85 to $91 on December 06. Analysts at Monness Crespi & Hardt, maintained the company shares at Buy on December 06 but switched target price from $90 to $110. Brokerage firm Canaccord Genuity, looks cautious as they stick to prior recommendation of Buy, in a call on December 06. However, they did change the target price from $78 to $95.
MongoDB, Inc. (MDB) hit an intraday high Thursday at $92.03. The shares finished at $90.74, after trading as low as $80.3 earlier in the session. It rose 8.37% in recent trade and currently has a stock-market value of $4.68B. Trading activity significantly improved as the volume at ready counter increased to 3,474,003 shares versus 1,535,520 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 848,945 shares. The stock is now 268.56% above against its bear-market low of $24.62 on December 11, 2017. It has retreated -1.42% since it’s 52-week high of $92.03 reached in December. Now the market price is up 247% on the year and up 205.73% YTD.
MDB’s 50 day simple moving average (SMA 50) price is $75.32 and its 200-day simple moving average (SMA 200) price is $57.84. The company’s stock currently has a total float of 29.93M shares. Its weekly volatility is hovering around 7.49% and felt 8.04% volatility in price over a month. On the upside, the share price will test short term resistance at around $95.08. On a downside, the stock is likely to find some support, which begins at $83.35. The failure to get near-term support could push it to $75.96.
Separately, it has been reported that multiple insider activity took place at MongoDB, Inc. (MDB). President & CEO Ittycheria Dev sold 19,600 shares for $136,777 in transaction occurred on 2018/12/03. After making this transaction, the President & CEO owns a direct stake of 1,647,380 shares, worth $12,411,145, as per the last closing price. On 2018/12/03 Horowitz Eliot, Chief Technology Officer at MDB, dumped 7,100 shares at an average price of $85.15 per share. The selling total is valued at $7,460,008.
10% Owner, Whale Rock Capital Management had divested 683,871 shares for $3,146,400 through a trade on 2018/11/30. Following this activity, the insider holds 56,344,132 shares worth $286,000,000 as of recent close. Wall Street’s most bullish MongoDB, Inc. (NASDAQ:MDB) analysts are predicting the share price to blow past $108 per share during the next 12 months. The current median share price forecast by them is $90, suggesting that the stock could increase -0.82% in that time frame. The average price target of $89.23 calls for a nearly -1.66% increase in the stock price.
Also, it is trading at rather expensive levels at just over 22.24x price/book and 24.36x price/sales. Compared to others, MongoDB, Inc. is in a different league with regards to profitability, having net margins of -57.7%. To put some perspective around this, the industry’s average net margin is 11.71%. MDB’s ROE is -56.4%, which is also considerably worse than the industry’s ROE of 15.39%. It’s also very liquid in the near term, with a current ratio of 3.7. The stock has a debt/capital of 1.01.