MongoDB (NASDAQ:MDB – Get Free Report) had its price target lowered by equities research analysts at Guggenheim from $300.00 to $235.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Guggenheim’s price target would indicate a potential upside of 25.47% from the stock’s current price.

Several other equities analysts have also recently weighed in on the company. Rosenblatt Securities reissued a “buy” rating and set a $350.00 price objective on shares of MongoDB in a research report on Tuesday, March 4th. Canaccord Genuity Group cut their price target on MongoDB from $385.00 to $320.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Robert W. Baird dropped their target price on MongoDB from $390.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Daiwa America raised MongoDB to a “strong-buy” rating in a report on Tuesday, April 1st. Finally, Wedbush dropped their price target on MongoDB from $360.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Nine analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $286.88.

View Our Latest Report on MDB

MongoDB Trading Down 0.9%

NASDAQ MDB traded down $1.66 on Wednesday, reaching $187.29. The stock had a trading volume of 237,836 shares, compared to its average volume of 1,927,673. The business has a 50 day moving average price of $174.60 and a 200 day moving average price of $234.52. MongoDB has a 1 year low of $140.78 and a 1 year high of $370.00. The company has a market capitalization of $15.21 billion, a price-to-earnings ratio of -68.35 and a beta of 1.49.

MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.45). The company had revenue of $548.40 million for the quarter, compared to the consensus estimate of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same quarter last year, the company posted $0.86 EPS. On average, analysts anticipate that MongoDB will post -1.78 earnings per share for the current fiscal year.

Insider Activity at MongoDB

In other news, Director Dwight A. Merriman sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $270.63, for a total value of $811,890.00. Following the completion of the sale, the director now directly owns 1,109,006 shares of the company’s stock, valued at $300,130,293.78. This trade represents a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Thomas Bull sold 301 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total value 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. Over the last three months, insiders sold 25,203 shares of company stock valued at $4,660,459. 3.60% of the stock is owned by corporate insiders.

Institutional Trading of MongoDB

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cloud Capital Management LLC acquired a new position in MongoDB in the 1st quarter valued at $25,000. Hollencrest Capital Management acquired a new stake in MongoDB in the 1st quarter worth about $26,000. Cullen Frost Bankers Inc. boosted its holdings in MongoDB by 315.8% in the 1st quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company’s stock valued at $28,000 after purchasing an additional 120 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in shares of MongoDB during the 4th quarter worth approximately $29,000. Finally, NCP Inc. bought a new position in shares of MongoDB during the fourth quarter worth approximately $35,000. Institutional investors own 89.29% of the company’s stock.

About MongoDB

(Get Free Report)

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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