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MongoDB (NASDAQ:MDB – Free Report) had its target price lowered by Stifel Nicolaus from $340.00 to $275.00 in a report released on Friday,Benzinga reports. The firm currently has a buy rating on the stock.
A number of other equities research analysts have also weighed in on the company. Daiwa America upgraded MongoDB to a “strong-buy” rating in a research note on Tuesday, April 1st. Canaccord Genuity Group dropped their price target on shares of MongoDB from $385.00 to $320.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Guggenheim raised shares of MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price target on the stock in a report on Monday, January 6th. The Goldman Sachs Group decreased their price objective on shares of MongoDB from $390.00 to $335.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Finally, Daiwa Capital Markets started coverage on shares of MongoDB in a research note on Tuesday, April 1st. They issued an “outperform” rating and a $202.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus price target of $310.74.
View Our Latest Stock Report on MDB
MongoDB Trading Up 0.7 %
NASDAQ:MDB opened at $162.24 on Friday. The company has a market capitalization of $13.17 billion, a P/E ratio of -59.21 and a beta of 1.49. The firm has a 50-day moving average price of $220.46 and a two-hundred day moving average price of $255.98. MongoDB has a twelve month low of $140.78 and a twelve month high of $387.19.
MongoDB (NASDAQ:MDB – Get Free Report) last released its earnings results on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.45). The firm had revenue of $548.40 million during the quarter, compared to analysts’ expectations 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 period in the previous year, the firm posted $0.86 earnings per share. On average, equities research analysts predict that MongoDB will post -1.78 earnings per share for the current year.
Insider Buying and Selling
In related news, CAO Thomas Bull sold 301 shares of the company’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total transaction of $52,148.25. Following the completion of the sale, the chief accounting officer now owns 14,598 shares in the company, valued at approximately $2,529,103.50. This represents a 2.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Cedric Pech sold 1,690 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $292,809.40. Following the sale, the insider now directly owns 57,634 shares of the company’s stock, valued at $9,985,666.84. The trade was a 2.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 57,015 shares of company stock worth $13,208,285 in the last three months. Insiders own 3.60% of the company’s stock.
Institutional Investors Weigh In On MongoDB
Institutional investors have recently bought and sold shares of the business. Captrust Financial Advisors increased its stake in MongoDB by 19.0% in the 3rd quarter. Captrust Financial Advisors now owns 1,445 shares of the company’s stock worth $391,000 after acquiring an additional 231 shares during the last quarter. Morse Asset Management Inc bought a new stake in MongoDB in the third quarter worth $81,000. National Bank of Canada FI increased its position in MongoDB by 113.2% in the third quarter. National Bank of Canada FI now owns 15,441 shares of the company’s stock worth $4,174,000 after purchasing an additional 8,198 shares during the last quarter. XTX Topco Ltd raised its stake in MongoDB by 28.3% during the third quarter. XTX Topco Ltd now owns 2,350 shares of the company’s stock valued at $635,000 after purchasing an additional 518 shares in the last quarter. Finally, Orion Portfolio Solutions LLC lifted its position in MongoDB by 4.4% during the third quarter. Orion Portfolio Solutions LLC now owns 5,102 shares of the company’s stock valued at $1,379,000 after purchasing an additional 215 shares during the last quarter. 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