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MongoDB (NASDAQ:MDB – Get Rating) had its price target lifted by Barclays from $374.00 to $421.00 in a research report released on Monday, The Fly reports.
A number of other equities analysts also recently weighed in on the company. KeyCorp boosted their price target on MongoDB from $229.00 to $264.00 and gave the stock an overweight rating in a research report on Thursday, April 20th. Morgan Stanley increased their price target on MongoDB from $270.00 to $440.00 in a research note on Friday. William Blair restated an outperform rating on shares of MongoDB in a research report on Friday, June 2nd. Credit Suisse Group dropped their price objective on shares of MongoDB from $305.00 to $250.00 and set an outperform rating for the company in a research note on Friday, March 10th. Finally, Royal Bank of Canada increased their target price on shares of MongoDB from $400.00 to $445.00 in a research report on Friday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $353.75.
MongoDB Price Performance
MDB stock opened at $379.98 on Monday. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 1.44. The stock has a market cap of $26.61 billion, a PE ratio of -81.37 and a beta of 1.04. The stock has a 50-day moving average price of $298.74 and a two-hundred day moving average price of $240.54. MongoDB has a 1 year low of $135.15 and a 1 year high of $398.89.
MongoDB (NASDAQ:MDB – Get Rating) last issued 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 net margin of 23.58% and a negative return on equity of 43.25%. The firm’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same period in the previous year, the company earned ($1.15) earnings per share. Equities analysts forecast that MongoDB will post -2.85 EPS for the current fiscal year.
Insiders Place Their Bets
In other MongoDB news, Director Hope F. Cochran sold 2,174 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $373.19, for a total transaction of $811,315.06. Following the sale, the director now owns 8,200 shares of the company’s stock, valued at $3,060,158. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Dev Ittycheria sold 49,249 shares of the business’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $227.55, for a total value of $11,206,609.95. Following the sale, the chief executive officer now owns 222,311 shares of the company’s stock, valued at $50,586,868.05. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Hope F. Cochran sold 2,174 shares of the business’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $373.19, for a total transaction of $811,315.06. Following the completion of the sale, the director now directly owns 8,200 shares in the company, valued at approximately $3,060,158. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 108,856 shares of company stock valued at $27,327,511. 4.80% of the stock is currently owned by insiders.
Institutional Trading of MongoDB
Institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD lifted its holdings in MongoDB by 13.4% in 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 buying an additional 897,911 shares during the period. Vanguard Group Inc. lifted its holdings in MongoDB by 1.0% in the third quarter. Vanguard Group Inc. now owns 6,127,231 shares of the company’s stock valued at $1,216,623,000 after buying an additional 62,303 shares during the period. Franklin Resources Inc. lifted its holdings in MongoDB by 6.4% in the fourth quarter. Franklin Resources Inc. now owns 1,962,574 shares of the company’s stock valued at $386,313,000 after buying an additional 118,055 shares during the period. State Street Corp lifted its holdings in MongoDB by 1.8% in the first quarter. State Street Corp now owns 1,386,773 shares of the company’s stock valued at $323,280,000 after buying an additional 24,595 shares during the period. Finally, 1832 Asset Management L.P. lifted its holdings in MongoDB by 3,283,771.0% in the fourth quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock valued at $200,383,000 after buying an additional 1,017,969 shares during the period. Institutional investors own 89.22% of the company’s stock.
About MongoDB
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.
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