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MongoDB (NASDAQ:MDB – Get Free Report) had its price target cut by equities research analysts at Stifel Nicolaus from $340.00 to $275.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 70.70% from the stock’s current price.
Other equities research analysts also recently issued reports about the stock. Wedbush lowered their price target on shares of MongoDB from $360.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Barclays decreased their target price on shares of MongoDB from $330.00 to $280.00 and set an “overweight” rating on the stock in a report on Thursday, March 6th. Daiwa America raised shares of MongoDB to a “strong-buy” rating in a report on Tuesday, April 1st. Monness Crespi & Hardt raised shares of MongoDB from a “sell” rating to a “neutral” rating in a report on Monday, March 3rd. Finally, Bank of America dropped their price objective on MongoDB from $420.00 to $286.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and an average target price of $310.74.
View Our Latest Stock Report on MongoDB
MongoDB Trading Down 6.0 %
MDB opened at $161.10 on Friday. MongoDB has a 12 month low of $140.78 and a 12 month high of $387.19. The company has a market cap of $13.08 billion, a PE ratio of -58.80 and a beta of 1.49. The company has a 50 day moving average of $222.73 and a 200 day moving average of $256.90.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. During the same period in the previous year, the business earned $0.86 earnings per share. Research analysts forecast that MongoDB will post -1.78 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other MongoDB news, insider Cedric Pech sold 1,690 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total value of $292,809.40. Following the completion of the sale, the insider now owns 57,634 shares in the company, valued at approximately $9,985,666.84. This trade represents a 2.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Srdjan Tanjga sold 525 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $90,961.50. Following the transaction, the chief financial officer now directly owns 6,406 shares in the company, valued at approximately $1,109,903.56. The trade was a 7.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 58,060 shares of company stock valued at $13,461,875 in the last quarter. Insiders own 3.60% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL bought a new stake in shares of MongoDB during the 4th quarter valued at $29,000. Hilltop National Bank lifted its stake in MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after acquiring an additional 42 shares during the period. NCP Inc. purchased a new stake in shares of MongoDB during the 4th quarter valued at about $35,000. Continuum Advisory LLC grew its stake in shares of MongoDB by 621.1% in the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after acquiring an additional 118 shares during the period. Finally, Versant Capital Management Inc raised its holdings in shares of MongoDB by 1,100.0% during the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $42,000 after purchasing an additional 165 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.
About MongoDB
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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