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MongoDB (NASDAQ:MDB – Get Free Report) was upgraded by analysts at Stephens to a “hold” rating in a report released on Thursday,Zacks.com reports.
Several other analysts also recently commented on the stock. Mizuho reduced their target price on shares of MongoDB from $250.00 to $190.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $270.00 target price on shares of MongoDB in a report on Thursday, June 5th. Monness Crespi & Hardt raised shares of MongoDB from a “neutral” rating to a “buy” rating and set a $295.00 target price for the company in a report on Thursday, June 5th. Stifel Nicolaus reduced their target price on shares of MongoDB from $340.00 to $275.00 and set a “buy” rating for the company in a report on Friday, April 11th. Finally, Wedbush reaffirmed an “outperform” rating and set a $300.00 target price on shares of MongoDB in a report on Thursday, June 5th. Nine analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $281.35.
View Our Latest Stock Report on MongoDB
MongoDB Stock Up 1.2%
Shares of NASDAQ:MDB opened at $221.21 on Thursday. The firm has a market cap of $18.08 billion, a price-to-earnings ratio of -194.04 and a beta of 1.41. MongoDB has a 12 month low of $140.78 and a 12 month high of $370.00. The company’s fifty day simple moving average is $202.71 and its 200 day simple moving average is $213.18.
MongoDB (NASDAQ:MDB – Get Free Report) last released its earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.35. MongoDB had a negative net margin of 4.09% and a negative return on equity of 3.16%. The business had revenue of $549.01 million during the quarter, compared to the consensus estimate of $527.49 million. During the same quarter last year, the firm earned $0.51 earnings per share. The firm’s revenue for the quarter was up 21.8% compared to the same quarter last year. Research analysts expect that MongoDB will post -1.78 earnings per share for the current fiscal year.
Insider Activity
In other news, Director Dwight A. Merriman sold 820 shares of the company’s stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $210.84, for a total value of $172,888.80. Following the sale, the director directly owned 1,106,186 shares of the company’s stock, valued at approximately $233,228,256.24. This represents a 0.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Hope F. Cochran sold 1,174 shares of the company’s stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total transaction of $236,067.92. Following the completion of the sale, the director directly owned 21,096 shares in the company, valued at approximately $4,241,983.68. This represents a 5.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,746 shares of company stock valued at $7,500,196. 3.10% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. 111 Capital acquired a new position in MongoDB during the fourth quarter worth $390,000. Park Avenue Securities LLC raised its holdings in MongoDB by 52.6% during the first quarter. Park Avenue Securities LLC now owns 2,630 shares of the company’s stock worth $461,000 after buying an additional 907 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in MongoDB by 4.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,748 shares of the company’s stock worth $1,359,000 after buying an additional 298 shares during the last quarter. Sowell Financial Services LLC acquired a new position in MongoDB during the first quarter worth $263,000. Finally, Farther Finance Advisors LLC raised its holdings in MongoDB by 57.2% during the first quarter. Farther Finance Advisors LLC now owns 1,242 shares of the company’s stock worth $219,000 after buying an additional 452 shares during the last quarter. Institutional investors and hedge funds 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.
See Also
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