MongoDB (NASDAQ:MDB) Price Target Raised to $400.00

MongoDB (NASDAQ:MDB) had its target price boosted by Barclays from $375.00 to $400.00 in a report published on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities research analysts have also issued reports on the stock. Loop Capital upped their price objective on shares of MongoDB from $315.00 to $400.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Wedbush raised shares of MongoDB to a “strong-buy” rating in a research note on Thursday, October 17th. Wells Fargo & Company raised their price target on shares of MongoDB from $300.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Stifel Nicolaus upped their price objective on MongoDB from $325.00 to $360.00 and gave the company a “buy” rating in a report on Monday. Finally, Sanford C. Bernstein raised their target price on MongoDB from $358.00 to $360.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $370.48.

MongoDB Trading Down 16.9 %

MDB opened at $290.90 on Tuesday. The firm has a market capitalization of $21.49 billion, a price-to-earnings ratio of -96.32 and a beta of 1.17. The company’s 50 day simple moving average is $291.56 and its two-hundred day simple moving average is $268.79. MongoDB has a 1-year low of $212.74 and a 1-year high of $509.62. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.48. The firm had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The firm’s revenue was up 22.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 earnings per share. Analysts expect that MongoDB will post -2.37 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $349.17, for a total value of $698,340.00. Following the completion of the transaction, the director now owns 1,124,006 shares in the company, valued at $392,469,175.02. The trade was a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Cedric Pech sold 302 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total transaction of $77,387.50. Following the completion of the sale, the executive now directly owns 33,440 shares in the company, valued at approximately $8,569,000. This represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,600 shares of company stock valued at $7,255,929 in the last three months. 3.60% of the stock is owned by corporate insiders.

Institutional Trading of MongoDB

Institutional investors have recently bought and sold shares of the business. Cetera Advisors LLC raised its position in shares of MongoDB by 106.9% during the 1st quarter. Cetera Advisors LLC now owns 1,558 shares of the company’s stock worth $559,000 after acquiring an additional 805 shares in the last quarter. Diversified Trust Co increased its stake in MongoDB by 16.6% in the second quarter. Diversified Trust Co now owns 4,794 shares of the company’s stock valued at $1,198,000 after purchasing an additional 683 shares during the last quarter. Baader Bank Aktiengesellschaft raised its holdings in MongoDB by 66.4% during the second quarter. Baader Bank Aktiengesellschaft now owns 3,327 shares of the company’s stock worth $826,000 after purchasing an additional 1,327 shares in the last quarter. J.Safra Asset Management Corp lifted its position in shares of MongoDB by 682.4% during the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock worth $33,000 after buying an additional 116 shares during the last quarter. Finally, Swedbank AB boosted its holdings in shares of MongoDB by 156.3% in the 2nd quarter. Swedbank AB now owns 656,993 shares of the company’s stock valued at $164,222,000 after buying an additional 400,705 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

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.