Mobile Monitoring Solutions

Search
Close this search box.

MongoDB (NASDAQ:MDB) Price Target Increased to $260.00 by Analysts at Mizuho

MMS Founder
MMS RSS

Posted on mongodb google news. Visit mongodb google news

MongoDB (NASDAQ:MDBFree Report) had its price objective lifted by Mizuho from $240.00 to $260.00 in a research note issued to investors on Friday, FlyOnTheWall reports.

Several other brokerages have also weighed in on MDB. KeyCorp lifted their price objective on MongoDB from $372.00 to $462.00 and gave the stock an overweight rating in a report on Friday, July 21st. Barclays raised their price objective on shares of MongoDB from $421.00 to $450.00 and gave the stock an overweight rating in a report on Friday. The Goldman Sachs Group upped their target price on shares of MongoDB from $420.00 to $440.00 in a research note on Friday, June 23rd. Guggenheim cut shares of MongoDB from a neutral rating to a sell rating and raised their price target for the stock from $205.00 to $210.00 in a research note on Thursday, May 25th. They noted that the move was a valuation call. Finally, William Blair reiterated an outperform rating on shares of MongoDB in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $405.35.

Read Our Latest Stock Analysis on MDB

MongoDB Stock Performance

NASDAQ MDB opened at $392.88 on Friday. The company’s fifty day moving average is $389.98 and its two-hundred day moving average is $304.08. MongoDB has a 52-week low of $135.15 and a 52-week high of $439.00. The company has a debt-to-equity ratio of 1.44, a current ratio of 4.19 and a quick ratio of 4.19. The firm has a market capitalization of $27.73 billion, a price-to-earnings ratio of -84.13 and a beta of 1.13.

MongoDB (NASDAQ:MDBGet Free Report) last released its earnings results on Thursday, June 1st. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.38. The business had revenue of $368.28 million for the quarter, compared to the consensus estimate of $347.77 million. MongoDB had a negative return on equity of 43.25% and a negative net margin of 23.58%. The firm’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same period last year, the business earned ($1.15) earnings per share. Equities research analysts forecast that MongoDB will post -2.8 EPS for the current year.

Insider Activity at MongoDB

In other MongoDB news, CRO Cedric Pech sold 360 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $406.79, for a total transaction of $146,444.40. Following the transaction, the executive now owns 37,156 shares of the company’s stock, valued at approximately $15,114,689.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other MongoDB news, CRO Cedric Pech sold 360 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $406.79, for a total transaction of $146,444.40. Following the completion of the sale, the executive now directly owns 37,156 shares of the company’s stock, valued at approximately $15,114,689.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dev Ittycheria sold 50,000 shares of the company’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $407.07, for a total transaction of $20,353,500.00. Following the transaction, the chief executive officer now owns 218,085 shares in the company, valued at $88,775,860.95. The disclosure for this sale can be found here. Insiders sold a total of 76,551 shares of company stock valued at $31,143,942 over the last quarter. Corporate insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On MongoDB

A number of institutional investors have recently made changes to their positions in MDB. Jennison Associates LLC grew its position in shares of MongoDB by 101,056.3% during the 2nd quarter. Jennison Associates LLC now owns 1,988,733 shares of the company’s stock worth $817,350,000 after buying an additional 1,986,767 shares during the period. 1832 Asset Management L.P. boosted its stake in MongoDB by 3,283,771.0% during the 4th quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock worth $200,383,000 after acquiring an additional 1,017,969 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in MongoDB by 13.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,593,996 shares of the company’s stock valued at $1,770,313,000 after purchasing an additional 897,911 shares during the period. Renaissance Technologies LLC increased its stake in MongoDB by 493.2% in the fourth quarter. Renaissance Technologies LLC now owns 918,200 shares of the company’s stock valued at $180,738,000 after purchasing an additional 763,400 shares in the last quarter. Finally, Norges Bank acquired a new stake in MongoDB in the fourth quarter worth $147,735,000. 88.89% of the stock is owned by institutional investors and hedge funds.

About MongoDB

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for MongoDB (NASDAQ:MDB)



Receive News & Ratings for MongoDB Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for MongoDB and related companies with MarketBeat.com’s FREE daily email newsletter.

Article originally posted on mongodb google news. Visit mongodb google news

Subscribe for MMS Newsletter

By signing up, you will receive updates about our latest information.

  • This field is for validation purposes and should be left unchanged.