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MongoDB (NASDAQ:MDB – Get Free Report) was upgraded by Redburn Atlantic from a “sell” rating to a “neutral” rating in a research report issued on Thursday, Marketbeat Ratings reports. The firm presently has a $170.00 price target on the stock. Redburn Atlantic’s price target points to a potential upside of 6.74% from the company’s previous close.
A number of other equities research analysts have also weighed in on the company. Barclays reduced their price objective on MongoDB from $330.00 to $280.00 and set an “overweight” rating on the stock in a research report on Thursday, March 6th. China Renaissance started coverage on shares of MongoDB in a report on Tuesday, January 21st. They issued a “buy” rating and a $351.00 price objective for the company. Robert W. Baird decreased their price target on shares of MongoDB from $390.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Tigress Financial increased their price objective on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, Mizuho reduced their price target on MongoDB from $250.00 to $190.00 and set a “neutral” rating on the stock in a research report on Tuesday. Eight research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $299.78.
MongoDB Trading Down 0.5 %
NASDAQ MDB opened at $159.26 on Thursday. The firm’s 50 day simple moving average is $208.15 and its 200 day simple moving average is $252.43. The firm has a market capitalization of $12.93 billion, a price-to-earnings ratio of -58.12 and a beta of 1.49. MongoDB has a 1 year low of $140.78 and a 1 year high of $387.19.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business had revenue of $548.40 million during the quarter, compared to analyst estimates of $519.65 million. During the same period in the prior year, the business posted $0.86 EPS. On average, equities research analysts forecast that MongoDB will post -1.78 earnings per share for the current year.
Insider Activity at MongoDB
In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $265.00, for a total transaction of $265,000.00. Following the transaction, the director now directly owns 1,116,006 shares in the company, valued at approximately $295,741,590. This trade represents a 0.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Thomas Bull sold 301 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total transaction of $52,148.25. Following the transaction, the chief accounting officer now directly owns 14,598 shares in the company, valued at $2,529,103.50. The trade was a 2.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,680 shares of company stock valued at $11,084,027. 3.60% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Strategic Investment Solutions Inc. IL purchased a new position in shares of MongoDB in the 4th quarter worth about $29,000. Hilltop National Bank increased its stake in shares of MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after purchasing an additional 42 shares during the last quarter. NCP Inc. bought a new stake in shares of MongoDB in the 4th quarter worth approximately $35,000. Wilmington Savings Fund Society FSB purchased a new position in MongoDB in the third quarter valued at approximately $44,000. Finally, Versant Capital Management Inc grew its holdings in MongoDB by 1,100.0% during the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $42,000 after purchasing an additional 165 shares during the period. Hedge funds and other 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.
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Article originally posted on mongodb google news. Visit mongodb google news