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MongoDB (NASDAQ:MDB – Get Free Report)‘s stock had its “neutral” rating reiterated by investment analysts at UBS Group in a report issued on Thursday, Benzinga reports. They presently have a $410.00 target price on the stock, down from their previous target price of $475.00. UBS Group’s price target would suggest a potential upside of 9.93% from the company’s previous close.
A number of other equities research analysts have also issued reports on MDB. Stifel Nicolaus restated a “buy” rating and set a $450.00 price target on shares of MongoDB in a report on Monday, December 4th. Scotiabank started coverage on shares of MongoDB in a report on Tuesday, October 10th. They set a “sector perform” rating and a $335.00 price target on the stock. Royal Bank of Canada boosted their price target on shares of MongoDB from $445.00 to $475.00 and gave the company an “outperform” rating in a report on Wednesday, December 6th. Tigress Financial boosted their price target on shares of MongoDB from $490.00 to $495.00 and gave the company a “buy” rating in a report on Friday, October 6th. Finally, Needham & Company LLC boosted their price objective on shares of MongoDB from $445.00 to $495.00 and gave the company a “buy” rating in a research report on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $430.41.
Read Our Latest Analysis on MDB
MongoDB Stock Down 2.8 %
NASDAQ MDB opened at $372.98 on Thursday. The company has a debt-to-equity ratio of 1.18, a current ratio of 4.74 and a quick ratio of 4.74. The company’s 50 day simple moving average is $391.07 and its 200 day simple moving average is $381.05. MongoDB has a 12 month low of $164.59 and a 12 month high of $442.84. The company has a market capitalization of $26.92 billion, a P/E ratio of -141.28 and a beta of 1.23.
MongoDB (NASDAQ:MDB – Get Free Report) last released its earnings results on Tuesday, December 5th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.45. MongoDB had a negative net margin of 11.70% and a negative return on equity of 20.64%. The business had revenue of $432.94 million for the quarter, compared to the consensus estimate of $406.33 million. During the same period in the previous year, the firm earned ($1.23) EPS. The business’s revenue for the quarter was up 29.8% on a year-over-year basis. Equities research analysts expect that MongoDB will post -1.64 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, CEO Dev Ittycheria sold 100,500 shares of the company’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $375.00, for a total transaction of $37,687,500.00. Following the completion of the sale, the chief executive officer now directly owns 214,177 shares of the company’s stock, valued at approximately $80,316,375. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CRO Cedric Pech sold 1,212 shares of the stock in a transaction on Friday, October 6th. The shares were sold at an average price of $350.00, for a total value of $424,200.00. Following the completion of the transaction, the executive now owns 31,018 shares in the company, valued at approximately $10,856,300. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Dev Ittycheria sold 100,500 shares of the company’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $375.00, for a total transaction of $37,687,500.00. Following the completion of the sale, the chief executive officer now directly owns 214,177 shares in the company, valued at approximately $80,316,375. The disclosure for this sale can be found here. In the last three months, insiders sold 149,882 shares of company stock valued at $57,313,539. Company insiders own 4.80% of the company’s stock.
Institutional Investors Weigh In On MongoDB
Several large investors have recently made changes to their positions in MDB. Jennison Associates LLC grew its holdings in shares of MongoDB by 101,056.3% in the 2nd quarter. Jennison Associates LLC now owns 1,988,733 shares of the company’s stock worth $817,350,000 after purchasing an additional 1,986,767 shares during the last quarter. 1832 Asset Management L.P. grew its holdings in MongoDB by 3,283,771.0% during the 4th quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock worth $200,383,000 after acquiring an additional 1,017,969 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in MongoDB by 13.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,593,996 shares of the company’s stock worth $1,770,313,000 after acquiring an additional 897,911 shares during the last quarter. Norges Bank bought a new stake in MongoDB during the 4th quarter worth about $147,735,000. Finally, T. Rowe Price Investment Management Inc. grew its holdings in MongoDB by 77.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 568,803 shares of the company’s stock worth $111,964,000 after acquiring an additional 248,133 shares during the last quarter. Institutional investors own 88.89% of the company’s stock.
About MongoDB
MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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.
Further Reading
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