MongoDB (NASDAQ:MDB) Price Target Raised to $280.00 at Barclays - Defense World

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MongoDB (NASDAQ:MDB) Price Target Raised to $280.00 at Barclays – Defense World

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MongoDB (NASDAQ:MDB – Get Rating) had its price objective upped by Barclays from $257.00 to $280.00 in a report published on Monday, The Fly reports.

Other equities analysts also recently issued reports about the company. Needham & Company LLC upped their price target on MongoDB from $240.00 to $250.00 and gave the stock a buy rating in a research report on Thursday, March 9th. Guggenheim started coverage on shares of MongoDB in a research note on Thursday, January 26th. They issued a neutral rating and a $205.00 price target for the company. Piper Sandler reissued an overweight rating and set a $270.00 price target on shares of MongoDB in a report on Thursday, March 9th. Credit Suisse Group lowered their price target on shares of MongoDB from $305.00 to $250.00 and set an outperform rating on the stock in a research report on Friday, March 10th. Finally, Sanford C. Bernstein began coverage on shares of MongoDB in a research note on Friday, February 17th. They issued an outperform rating and a $282.00 target price on the stock. Three research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $257.00.

MongoDB Trading Up 4.8 %

Shares of MDB stock opened at $276.17 on Monday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 3.80 and a current ratio of 3.80. MongoDB has a fifty-two week low of $135.15 and a fifty-two week high of $390.84. The stock has a 50 day simple moving average of $225.85 and a two-hundred day simple moving average of $202.81. The company has a market cap of $19.34 billion, a P/E ratio of -54.80 and a beta of 1.06.

MongoDB (NASDAQ:MDB – Get Rating) last posted its quarterly earnings data on Wednesday, March 8th. The company reported ($0.98) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.18) by $0.20. The firm had revenue of $361.31 million during the quarter, compared to analysts’ expectations of $335.84 million. MongoDB had a negative return on equity of 48.38% and a negative net margin of 26.90%. Research analysts forecast that MongoDB will post -4.04 earnings per share for the current year.

Insider Activity

In other MongoDB news, CEO Dev Ittycheria sold 40,000 shares of the company’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $207.86, for a total value of $8,314,400.00. Following the completion of the sale, the chief executive officer now owns 190,264 shares in the company, valued at $39,548,275.04. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CAO Thomas Bull sold 605 shares of the firm’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $228.34, for a total value of $138,145.70. Following the completion of the sale, the chief accounting officer now directly owns 17,706 shares of the company’s stock, valued at approximately $4,042,988.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dev Ittycheria sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $207.86, for a total value of $8,314,400.00. Following the completion of the sale, the chief executive officer now directly owns 190,264 shares of the company’s stock, valued at $39,548,275.04. The disclosure for this sale can be found here. Insiders have sold a total of 135,108 shares of company stock valued at $30,127,927 over the last ninety days. 5.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MongoDB

Institutional investors and hedge funds have recently modified their holdings of the business. Global Retirement Partners LLC lifted its stake in shares of MongoDB by 346.7% during the 1st quarter. Global Retirement Partners LLC now owns 134 shares of the company’s stock worth $30,000 after acquiring an additional 104 shares during the last quarter. Bessemer Group Inc. bought a new stake in shares of MongoDB during the 4th quarter worth approximately $29,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in MongoDB during the 4th quarter worth $30,000. Manchester Capital Management LLC purchased a new position in MongoDB during the 1st quarter worth $36,000. Finally, Clearstead Advisors LLC purchased a new position in MongoDB during the 1st quarter worth $36,000. 84.86% of the stock is owned by institutional investors.

About MongoDB

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MongoDB, Inc engages in the development and provision of a general-purpose database platform. The firm’s products include MongoDB Enterprise Advanced, MongoDB Atlas and Community Server. It also offers professional services including consulting and training. The company was founded by Eliot Horowitz, Dwight A.

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