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MongoDB (NASDAQ:MDB – Get Free Report) had its price objective upped by research analysts at UBS Group from $425.00 to $465.00 in a research report issued to clients and investors on Friday, Marketbeat.com reports. The firm currently has a “buy” rating on the stock. UBS Group’s price target indicates a potential upside of 18.36% from the stock’s previous close.
A number of other equities research analysts have also recently weighed in on the company. Capital One Financial started coverage on MongoDB in a research note on Monday, June 26th. They issued an “equal weight” rating and a $396.00 price target on the stock. Citigroup lifted their target price on shares of MongoDB from $430.00 to $455.00 and gave the stock a “buy” rating in a report on Monday, August 28th. Sanford C. Bernstein increased their price target on shares of MongoDB from $257.00 to $424.00 in a report on Monday, June 5th. Royal Bank of Canada boosted their price objective on MongoDB from $400.00 to $445.00 in a report on Friday, June 23rd. Finally, Barclays increased their target price on MongoDB from $421.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $405.35.
View Our Latest Report on MongoDB
MongoDB Stock Up 3.0 %
MongoDB stock opened at $392.88 on Friday. MongoDB has a fifty-two week low of $135.15 and a fifty-two week high of $439.00. The firm has a market capitalization of $27.73 billion, a PE ratio of -84.13 and a beta of 1.13. The company’s 50-day moving average is $389.98 and its 200-day moving average is $304.60. The company has a debt-to-equity ratio of 1.44, a current ratio of 4.19 and a quick ratio of 4.19.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly 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. MongoDB had a negative return on equity of 43.25% and a negative net margin of 23.58%. The firm had revenue of $368.28 million for the quarter, compared to the consensus estimate of $347.77 million. During the same quarter in the previous year, the business earned ($1.15) earnings per share. The business’s revenue was up 29.0% compared to the same quarter last year. Sell-side analysts anticipate that MongoDB will post -2.8 earnings per share for the current year.
Insider Buying and Selling at MongoDB
In related news, Director Hope F. Cochran sold 2,174 shares of the company’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 sale was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Dev Ittycheria sold 50,000 shares of MongoDB stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 218,085 shares of the company’s stock, valued at approximately $88,775,860.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hope F. Cochran sold 2,174 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 8,200 shares of the company’s stock, valued at $3,060,158. The disclosure for this sale can be found here. In the last quarter, insiders have sold 76,551 shares of company stock valued at $31,143,942. 4.80% of the stock is currently owned by corporate insiders.
Institutional Trading of MongoDB
Hedge funds and other institutional investors have recently modified their holdings of the stock. GPS Wealth Strategies Group LLC bought a new stake in shares of MongoDB during the second quarter worth about $26,000. KB Financial Partners LLC bought a new stake in MongoDB during the 2nd quarter worth approximately $27,000. Capital Advisors Ltd. LLC increased its position in MongoDB by 131.0% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 67 shares of the company’s stock valued at $28,000 after acquiring an additional 38 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of MongoDB by 176.5% during the second quarter. Parkside Financial Bank & Trust now owns 94 shares of the company’s stock valued at $39,000 after acquiring an additional 60 shares during the last quarter. Finally, Coppell Advisory Solutions LLC acquired a new position in shares of MongoDB during the second quarter worth $43,000. Institutional investors own 88.89% 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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