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MongoDB (NASDAQ:MDB – Free Report) had its target price cut by Truist Financial from $475.00 to $300.00 in a research report released on Friday morning, Benzinga reports. They currently have a buy rating on the stock.
Other equities research analysts have also recently issued reports about the company. Needham & Company LLC dropped their price objective on MongoDB from $465.00 to $290.00 and set a buy rating on the stock in a research report on Friday. Monness Crespi & Hardt raised MongoDB to a hold rating in a report on Tuesday. Citigroup increased their target price on MongoDB from $515.00 to $550.00 and gave the company a buy rating in a report on Wednesday, March 6th. KeyCorp decreased their price objective on MongoDB from $490.00 to $440.00 and set an overweight rating on the stock in a research note on Thursday, April 18th. Finally, Morgan Stanley decreased their price objective on MongoDB from $455.00 to $320.00 and set an overweight rating on the stock in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $374.29.
View Our Latest Report on MongoDB
MongoDB Price Performance
Shares of MongoDB stock opened at $236.06 on Friday. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07. The company has a market cap of $17.19 billion, a PE ratio of -84.01 and a beta of 1.19. The business has a 50 day moving average of $353.32 and a 200 day moving average of $390.77. MongoDB has a 52 week low of $225.25 and a 52 week high of $509.62.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing the consensus estimate of ($0.71) by ($0.32). MongoDB had a negative return on equity of 16.00% and a negative net margin of 11.50%. The firm had revenue of $458.00 million during the quarter, compared to analysts’ expectations of $431.99 million. As a group, equities research analysts forecast that MongoDB will post -2.53 earnings per share for the current year.
Insider Buying and Selling at MongoDB
In other MongoDB news, CAO Thomas Bull sold 170 shares of MongoDB stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total transaction of $59,180.40. Following the completion of the sale, the chief accounting officer now directly owns 17,360 shares of the company’s stock, valued at approximately $6,043,363.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CAO Thomas Bull sold 170 shares of the business’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total value of $59,180.40. Following the completion of the transaction, the chief accounting officer now directly owns 17,360 shares of the company’s stock, valued at approximately $6,043,363.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $363.01, for a total value of $363,010.00. Following the completion of the transaction, the director now directly owns 523,896 shares of the company’s stock, valued at $190,179,486.96. The disclosure for this sale can be found here. Insiders sold a total of 46,802 shares of company stock valued at $16,514,071 in the last ninety days. Corporate insiders own 3.60% of the company’s stock.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the stock. Transcendent Capital Group LLC purchased a new position in MongoDB during the 4th quarter worth $25,000. Blue Trust Inc. grew its stake in MongoDB by 937.5% during the 4th quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after buying an additional 75 shares during the last quarter. Huntington National Bank grew its stake in MongoDB by 279.3% during the 3rd quarter. Huntington National Bank now owns 110 shares of the company’s stock worth $38,000 after buying an additional 81 shares during the last quarter. YHB Investment Advisors Inc. purchased a new position in MongoDB during the 1st quarter worth $41,000. Finally, Parkside Financial Bank & Trust grew its stake in MongoDB by 38.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 130 shares of the company’s stock worth $45,000 after buying an additional 36 shares during the last quarter. 89.29% of the stock is owned by institutional investors.
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.
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