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UBS Group restated their neutral rating on shares of MongoDB (NASDAQ:MDB – Free Report) in a research note released on Thursday, Marketbeat Ratings reports. They currently have a $410.00 price target on the stock, down from their prior price target of $475.00.
A number of other equities research analysts have also issued reports on MDB. Tigress Financial upped their target price on MongoDB from $490.00 to $495.00 and gave the company a buy rating in a research note on Friday, October 6th. TheStreet raised MongoDB from a d+ rating to a c- rating in a research note on Friday, December 1st. KeyCorp decreased their price objective on MongoDB from $495.00 to $440.00 and set an overweight rating on the stock in a report on Monday, October 23rd. Wells Fargo & Company assumed coverage on MongoDB in a research note on Thursday, November 16th. They issued an overweight rating and a $500.00 target price for the company. Finally, Stifel Nicolaus reissued a buy rating and issued a $450.00 price target on shares of MongoDB in a research note on Monday, December 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $430.41.
Read Our Latest Stock Analysis on MongoDB
MongoDB Stock Down 2.8 %
Shares of NASDAQ MDB opened at $362.41 on Thursday. The business has a 50-day moving average of $391.77 and a two-hundred day moving average of $380.92. The company has a debt-to-equity ratio of 1.18, a current ratio of 4.74 and a quick ratio of 4.74. MongoDB has a 1 year low of $164.59 and a 1 year high of $442.84. The company has a market capitalization of $26.16 billion, a price-to-earnings ratio of -137.28 and a beta of 1.23.
MongoDB (NASDAQ:MDB – Get Free Report) last posted 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. The business had revenue of $432.94 million for the quarter, compared to analysts’ expectations of $406.33 million. MongoDB had a negative return on equity of 20.64% and a negative net margin of 11.70%. The business’s revenue was up 29.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.23) earnings per share. On average, analysts forecast that MongoDB will post -1.64 earnings per share for the current fiscal year.
Insider Activity at MongoDB
In related news, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $365.00, for a total transaction of $730,000.00. Following the completion of the sale, the director now owns 1,195,159 shares in the company, valued at approximately $436,233,035. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other MongoDB news, CAO Thomas Bull sold 359 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $404.38, for a total value of $145,172.42. Following the completion of the transaction, the chief accounting officer now owns 16,313 shares of the company’s stock, valued at approximately $6,596,650.94. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $365.00, for a total value of $730,000.00. Following the completion of the transaction, the director now directly owns 1,195,159 shares of the company’s stock, valued at approximately $436,233,035. The disclosure for this sale can be found here. Insiders sold a total of 149,029 shares of company stock worth $57,034,511 in the last 90 days. 4.80% of the stock is owned by company insiders.
Hedge Funds Weigh In On MongoDB
Hedge funds have recently modified their holdings of the stock. GPS Wealth Strategies Group LLC bought a new position in MongoDB in the 2nd quarter valued at $26,000. KB Financial Partners LLC acquired a new stake in shares of MongoDB in the second quarter valued at about $27,000. Capital Advisors Ltd. LLC grew its holdings in MongoDB by 131.0% during the second quarter. Capital Advisors Ltd. LLC now owns 67 shares of the company’s stock worth $28,000 after purchasing an additional 38 shares during the period. Bessemer Group Inc. bought a new position in MongoDB during the fourth quarter worth about $29,000. Finally, BluePath Capital Management LLC bought a new position in MongoDB during the third quarter worth about $30,000. 88.89% of the stock is owned by institutional investors and hedge funds.
MongoDB Company Profile
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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