Rosenblatt Securities assumed coverage on shares of MongoDB (NASDAQ:MDB – Free Report) in a research note released on Tuesday, MarketBeat.com reports. The firm issued a buy rating and a $350.00 target price on the stock.

MDB has been the topic of a number of other research reports. Oppenheimer raised their price objective on shares of MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Monness Crespi & Hardt lowered shares of MongoDB from a “neutral” rating to a “sell” rating and set a $220.00 price target on the stock. in a research report on Monday. JMP Securities reiterated a “market outperform” rating and set a $380.00 price target on shares of MongoDB in a report on Wednesday, December 11th. UBS Group lifted their price target on MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Finally, Needham & Company LLC lifted their price target on MongoDB from $335.00 to $415.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $365.07.

Get Our Latest Analysis on MDB

MongoDB Stock Up 0.5 %

MDB stock traded up $1.29 during trading on Tuesday, hitting $266.92. The company had a trading volume of 997,848 shares, compared to its average volume of 1,538,139. The firm has a market cap of $19.72 billion, a PE ratio of -97.55 and a beta of 1.17. MongoDB has a 1-year low of $212.74 and a 1-year high of $509.62. The firm has a 50-day moving average price of $293.29 and a 200-day moving average price of $267.30.

MongoDB (NASDAQ:MDB – Get Free Report) last announced its earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.48. The company had revenue of $529.40 million during the quarter, compared to the consensus estimate of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company’s revenue was up 22.3% on a year-over-year basis. During the same period last year, the firm earned $0.96 earnings per share. Sell-side analysts anticipate that MongoDB will post -2.29 earnings per share for the current year.

Insider Activity

In other MongoDB news, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $355.92, for a total transaction of $355,920.00. Following the completion of the transaction, the chief accounting officer now owns 15,068 shares in the company, valued at approximately $5,363,002.56. The trade was a 6.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $768,750.00. Following the transaction, the director now owns 1,131,006 shares of the company’s stock, valued at $289,820,287.50. This trade represents a 0.26 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,600 shares of company stock worth $7,611,849. Insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On MongoDB

Hedge funds and other institutional investors have recently modified their holdings of the business. Blue Trust Inc. raised its holdings in MongoDB by 26.6% during the 2nd quarter. Blue Trust Inc. now owns 538 shares of the company’s stock valued at $134,000 after acquiring an additional 113 shares during the period. Fifth Third Bancorp grew its holdings in shares of MongoDB by 7.6% during the second quarter. Fifth Third Bancorp now owns 620 shares of the company’s stock valued at $155,000 after buying an additional 44 shares during the last quarter. MN Wealth Advisors LLC purchased a new stake in shares of MongoDB during the second quarter valued at approximately $576,000. Louisiana State Employees Retirement System grew its holdings in shares of MongoDB by 1.8% during the second quarter. Louisiana State Employees Retirement System now owns 5,800 shares of the company’s stock valued at $1,450,000 after buying an additional 100 shares during the last quarter. Finally, Slow Capital Inc. grew its holdings in shares of MongoDB by 3.7% during the second quarter. Slow Capital Inc. now owns 15,902 shares of the company’s stock valued at $3,975,000 after buying an additional 573 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Company Profile

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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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