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Guggenheim upgraded shares of MongoDB (NASDAQ:MDB – Free Report) from a sell rating to a neutral rating in a report released on Monday morning, MarketBeat.com reports.
Several other equities research analysts have also recently commented on the company. Loop Capital dropped their target price on MongoDB from $415.00 to $315.00 and set a buy rating on the stock in a report on Friday. JMP Securities decreased their target price on shares of MongoDB from $440.00 to $380.00 and set a market outperform rating for the company in a research note on Friday. Canaccord Genuity Group cut their target price on MongoDB from $435.00 to $325.00 and set a buy rating on the stock in a report on Friday. Redburn Atlantic reissued a sell rating and set a $295.00 target price (down previously from $410.00) on shares of MongoDB in a research report on Tuesday, March 19th. Finally, KeyCorp dropped their price objective 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. 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $367.14.
Get Our Latest Stock Report on MongoDB
MongoDB Trading Up 0.4 %
Shares of MDB traded up $1.00 during mid-day trading on Monday, hitting $237.06. The company had a trading volume of 3,415,225 shares, compared to its average volume of 1,443,739. MongoDB has a 1-year low of $225.25 and a 1-year high of $509.62. The business’s 50-day simple moving average is $353.32 and its 200-day simple moving average is $390.71. The stock has a market cap of $17.27 billion, a PE ratio of -84.46 and a beta of 1.13. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07.
MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing the consensus estimate of ($0.71) by ($0.32). The company had revenue of $458.00 million for the quarter, compared to analyst estimates of $431.99 million. MongoDB had a negative return on equity of 16.00% and a negative net margin of 11.50%. Sell-side analysts forecast that MongoDB will post -2.53 earnings per share for the current year.
Insiders Place Their Bets
In related news, Director Dwight A. Merriman sold 4,000 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $341.12, for a total transaction of $1,364,480.00. Following the sale, the director now owns 1,156,784 shares of the company’s stock, valued at approximately $394,602,158.08. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other MongoDB news, CEO Dev Ittycheria sold 17,160 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $348.11, for a total transaction of $5,973,567.60. Following the transaction, the chief executive officer now directly owns 226,073 shares in the company, valued at approximately $78,698,272.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dwight A. Merriman sold 4,000 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $341.12, for a total transaction of $1,364,480.00. Following the completion of the sale, the director now owns 1,156,784 shares of the company’s stock, valued at $394,602,158.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,802 shares of company stock valued at $16,514,071. 3.60% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On MongoDB
Institutional investors and hedge funds have recently made changes to their positions in the business. Transcendent Capital Group LLC purchased a new stake in MongoDB in the 4th quarter valued at about $25,000. Blue Trust Inc. grew its position in MongoDB by 937.5% during the fourth quarter. Blue Trust Inc. now owns 83 shares of the company’s stock valued at $34,000 after buying an additional 75 shares during the period. Huntington National Bank raised its position in MongoDB by 279.3% in the third quarter. Huntington National Bank now owns 110 shares of the company’s stock worth $38,000 after acquiring an additional 81 shares during the period. YHB Investment Advisors Inc. bought a new position in shares of MongoDB during the 1st quarter valued at approximately $41,000. Finally, Parkside Financial Bank & Trust increased its stake in shares of MongoDB by 38.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 130 shares of the company’s stock worth $45,000 after purchasing an additional 36 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.
MongoDB Company Profile
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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