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MongoDB (NASDAQ:MDB – Free Report) had its target price trimmed by Citigroup from $480.00 to $350.00 in a report published on Monday, Benzinga reports. The brokerage currently has a buy rating on the stock.
Other analysts have also recently issued reports about the stock. JMP Securities cut their price target on shares of MongoDB from $440.00 to $380.00 and set a market outperform rating on the stock in a report on Friday. Tigress Financial increased their target price on shares of MongoDB from $495.00 to $500.00 and gave the stock a buy rating in a report on Thursday, March 28th. Truist Financial dropped their target price on shares of MongoDB from $475.00 to $300.00 and set a buy rating on the stock in a report on Friday. KeyCorp dropped their target price on shares of MongoDB from $490.00 to $440.00 and set an overweight rating on the stock in a report on Thursday, April 18th. Finally, Oppenheimer dropped their target price on shares of MongoDB from $480.00 to $300.00 and set an outperform rating on the stock in a report on Friday. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $364.11.
Check Out Our Latest Report on MongoDB
MongoDB Trading Down 0.6 %
MDB opened at $234.61 on Monday. The stock has a market capitalization of $17.09 billion, a PE ratio of -83.49 and a beta of 1.13. The firm’s fifty day moving average price is $350.94 and its 200 day moving average price is $389.62. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40. MongoDB has a 12-month low of $225.25 and a 12-month high of $509.62.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by ($0.32). The company had revenue of $458.00 million during the quarter, compared to analyst estimates of $431.99 million. MongoDB had a negative net margin of 11.50% and a negative return on equity of 16.00%. As a group, research analysts expect that MongoDB will post -2.53 EPS for the current fiscal year.
Insider Activity at MongoDB
In other news, Director Dwight A. Merriman sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $341.12, for a total transaction of $1,364,480.00. Following the completion of the transaction, the director now owns 1,156,784 shares in the company, valued at approximately $394,602,158.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Dwight A. Merriman sold 6,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $374.95, for a total transaction of $2,249,700.00. Following the completion of the transaction, the director now owns 1,148,784 shares in the company, valued at approximately $430,736,560.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $341.12, for a total transaction of $1,364,480.00. Following the transaction, the director now owns 1,156,784 shares of the company’s stock, valued at approximately $394,602,158.08. The disclosure for this sale can be found here. Insiders sold 46,802 shares of company stock worth $16,514,071 in the last 90 days. Corporate insiders own 3.60% of the company’s stock.
Hedge Funds Weigh In On MongoDB
Several large investors have recently made changes to their positions in MDB. Cetera Advisors LLC lifted its stake in MongoDB by 106.9% during the first quarter. Cetera Advisors LLC now owns 1,558 shares of the company’s stock valued at $559,000 after buying an additional 805 shares in the last quarter. Cetera Investment Advisers lifted its stake in MongoDB by 327.6% during the first quarter. Cetera Investment Advisers now owns 10,873 shares of the company’s stock valued at $3,899,000 after buying an additional 8,330 shares in the last quarter. Atria Investments Inc lifted its stake in MongoDB by 1.2% during the first quarter. Atria Investments Inc now owns 3,259 shares of the company’s stock valued at $1,169,000 after buying an additional 39 shares in the last quarter. Swedbank AB purchased a new stake in MongoDB during the first quarter valued at about $91,915,000. Finally, LRI Investments LLC purchased a new stake in MongoDB during the first quarter valued at about $106,000. 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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Article originally posted on mongodb google news. Visit mongodb google news