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JMP Securities reaffirmed their market outperform rating on shares of MongoDB (NASDAQ:MDB – Free Report) in a research note issued to investors on Monday morning, Benzinga reports. They currently have a $440.00 target price on the stock.
A number of other analysts also recently weighed in on the company. Capital One Financial upgraded MongoDB from an equal weight rating to an overweight rating and set a $427.00 price target for the company in a report on Wednesday, November 8th. Barclays boosted their price target on MongoDB from $470.00 to $478.00 and gave the company an overweight rating in a research note on Wednesday, December 6th. Needham & Company LLC reaffirmed a buy rating and set a $495.00 price objective on shares of MongoDB in a research report on Wednesday, January 17th. Scotiabank assumed coverage on shares of MongoDB in a research report on Tuesday, October 10th. They set a sector perform rating and a $335.00 target price on the stock. Finally, UBS Group reissued a neutral rating and set a $410.00 target price (down from $475.00) on shares of MongoDB in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat.com, MongoDB currently has a consensus rating of Moderate Buy and an average price target of $430.41.
MongoDB Price Performance
Shares of MDB opened at $413.42 on Monday. The business has a 50-day moving average of $401.48 and a 200-day moving average of $380.52. 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 has a market capitalization of $29.84 billion, a price-to-earnings ratio of -156.60 and a beta of 1.23. MongoDB has a 1 year low of $179.52 and a 1 year high of $442.84.
MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly earnings results on Tuesday, December 5th. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $432.94 million during the quarter, compared to analyst estimates of $406.33 million. During the same quarter last year, the business earned ($1.23) EPS. The company’s revenue was up 29.8% compared to the same quarter last year. As a group, equities research analysts anticipate that MongoDB will post -1.64 earnings per share for the current year.
Insider Buying and Selling
In related news, CRO Cedric Pech sold 1,248 shares of the business’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $400.00, for a total value of $499,200.00. Following the transaction, the executive now directly owns 25,425 shares of the company’s stock, valued at approximately $10,170,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other MongoDB news, CFO Michael Lawrence Gordon sold 21,496 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $410.32, for a total value of $8,820,238.72. Following the completion of the sale, the chief financial officer now directly owns 89,027 shares of the company’s stock, valued at $36,529,558.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Cedric Pech sold 1,248 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $400.00, for a total value of $499,200.00. Following the completion of the sale, the executive now owns 25,425 shares in the company, valued at $10,170,000. The disclosure for this sale can be found here. Over the last three months, insiders have sold 148,277 shares of company stock worth $56,803,711. 4.80% of the stock is owned by company insiders.
Institutional Investors Weigh In On MongoDB
Large investors have recently added to or reduced their stakes in the company. Hutchens & Kramer Investment Management Group LLC bought a new stake in MongoDB during the 4th quarter valued at $202,000. Chicago Capital LLC bought a new stake in shares of MongoDB during the 4th quarter valued at $538,000. Mayflower Financial Advisors LLC raised its stake in shares of MongoDB by 7.5% during the 4th quarter. Mayflower Financial Advisors LLC now owns 716 shares of the company’s stock valued at $293,000 after purchasing an additional 50 shares during the period. ICICI Prudential Asset Management Co Ltd purchased a new stake in MongoDB during the 4th quarter worth about $283,000. Finally, Realta Investment Advisors bought a new position in MongoDB in the 4th quarter worth about $212,000. Hedge funds and other 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.
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