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MongoDB (NASDAQ:MDB – Free Report) had its price objective boosted by KeyCorp from $372.00 to $462.00 in a report released on Friday morning, Marketbeat.com reports. They currently have an overweight rating on the stock.
A number of other research analysts have also recently commented on the stock. Stifel Nicolaus upped their price target on shares of MongoDB from $375.00 to $420.00 in a report on Friday, June 23rd. Sanford C. Bernstein upped their price target on shares of MongoDB from $257.00 to $424.00 in a report on Monday, June 5th. Mizuho upped their price target on shares of MongoDB from $220.00 to $240.00 in a report on Friday, June 23rd. Royal Bank of Canada upped their price target on shares of MongoDB from $400.00 to $445.00 in a report on Friday, June 23rd. Finally, Capital One Financial began coverage on shares of MongoDB in a report on Monday, June 26th. They issued an equal weight rating and a $396.00 price target on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $375.59.
MongoDB Trading Down 0.7 %
MDB stock opened at $409.78 on Friday. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 1.44. MongoDB has a twelve month low of $135.15 and a twelve month high of $439.00. The stock has a market capitalization of $28.92 billion, a price-to-earnings ratio of -87.75 and a beta of 1.13. The firm’s fifty day simple moving average is $362.53 and its two-hundred day simple moving average is $268.31.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings data on Thursday, June 1st. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.38. MongoDB had a negative net margin of 23.58% and a negative return on equity of 43.25%. The business had revenue of $368.28 million for the quarter, compared to analysts’ expectations of $347.77 million. During the same quarter in the previous year, the business posted ($1.15) earnings per share. The business’s revenue was up 29.0% compared to the same quarter last year. As a group, analysts anticipate that MongoDB will post -2.8 earnings per share for the current year.
Insider Activity at MongoDB
In related news, CAO Thomas Bull sold 516 shares of the stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $406.78, for a total value of $209,898.48. Following the completion of the transaction, the chief accounting officer now directly owns 17,190 shares of the company’s stock, valued at approximately $6,992,548.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Thomas Bull sold 516 shares of the stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $406.78, for a total value of $209,898.48. Following the completion of the transaction, the chief accounting officer now directly owns 17,190 shares of the company’s stock, valued at approximately $6,992,548.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction that occurred on Wednesday, April 26th. The shares were sold at an average price of $240.00, for a total transaction of $480,000.00. Following the completion of the transaction, the director now directly owns 1,225,954 shares of the company’s stock, valued at $294,228,960. The disclosure for this sale can be found here. Insiders sold 118,427 shares of company stock valued at $41,784,961 in the last three months. 4.80% of the stock is owned by insiders.
Hedge Funds Weigh In On MongoDB
Hedge funds and other institutional investors have recently bought and sold shares of the business. GPS Wealth Strategies Group LLC acquired a new position in MongoDB in the 2nd quarter worth approximately $26,000. Bessemer Group Inc. acquired a new position in MongoDB in the 4th quarter worth approximately $29,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in MongoDB in the 4th quarter worth approximately $30,000. Global Retirement Partners LLC increased its holdings in MongoDB by 346.7% in the 1st quarter. Global Retirement Partners LLC now owns 134 shares of the company’s stock worth $30,000 after buying an additional 104 shares during the period. Finally, Lindbrook Capital LLC increased its holdings in MongoDB by 350.0% in the 4th quarter. Lindbrook Capital LLC now owns 171 shares of the company’s stock worth $34,000 after buying an additional 133 shares during the period. Institutional investors and hedge funds own 89.22% of the company’s stock.
MongoDB Company Profile
MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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.
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