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Analysts at Robert W. Baird initiated coverage on shares of MongoDB (NASDAQ:MDB – Get Rating) in a research note issued on Tuesday, The Fly reports. The firm set an “outperform” rating on the stock.

Several other research firms have also recently weighed in on MDB. Piper Sandler cut their price target on shares of MongoDB from $585.00 to $430.00 and set an “overweight” rating on the stock in a report on Thursday, June 2nd. Oppenheimer cut their price target on shares of MongoDB from $490.00 to $400.00 and set an “outperform” rating on the stock in a report on Thursday, June 2nd. Barclays boosted their price target on shares of MongoDB from $330.00 to $338.00 and gave the stock an “overweight” rating in a report on Thursday, June 2nd. Credit Suisse Group cut their price target on shares of MongoDB from $650.00 to $500.00 and set an “outperform” rating on the stock in a report on Thursday, June 2nd. Finally, UBS Group boosted their price target on shares of MongoDB from $315.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, June 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $406.82.

MDB traded down $19.87 during midday trading on Tuesday, hitting $290.99. The company had a trading volume of 76,464 shares, compared to its average volume of 1,505,036. MongoDB has a 52 week low of $213.39 and a 52 week high of $590.00. The company has a quick ratio of 4.16, a current ratio of 4.16 and a debt-to-equity ratio of 1.69. The company has a market capitalization of $19.82 billion, a price-to-earnings ratio of -60.12 and a beta of 0.91. The stock’s 50 day moving average price is $270.37 and its 200 day moving average price is $355.73.

MongoDB (NASDAQ:MDB – Get Rating) last posted its quarterly earnings results on Wednesday, June 1st. The company reported ($1.15) earnings per share for the quarter, beating the consensus estimate of ($1.34) by $0.19. MongoDB had a negative net margin of 32.75% and a negative return on equity of 45.56%. The firm had revenue of $285.45 million during the quarter, compared to the consensus estimate of $267.10 million. During the same period in the previous year, the firm posted ($0.98) earnings per share. The business’s revenue was up 57.1% compared to the same quarter last year. Research analysts predict that MongoDB will post -5.09 EPS for the current year.

In other news, CEO Dev Ittycheria sold 35,000 shares of the firm’s stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $321.10, for a total value of $11,238,500.00. Following the completion of the sale, the chief executive officer now directly owns 204,744 shares of the company’s stock, valued at approximately $65,743,298.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CRO Cedric Pech sold 350 shares of the firm’s stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $264.46, for a total transaction of $92,561.00. Following the completion of the sale, the executive now directly owns 45,785 shares of the company’s stock, valued at $12,108,301.10. The disclosure for this sale can be found here. Insiders have sold a total of 76,597 shares of company stock valued at $23,412,579 in the last three months. 5.70% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of MDB. American International Group Inc. increased its stake in shares of MongoDB by 8.9% in the 3rd quarter. American International Group Inc. now owns 1,218 shares of the company’s stock worth $574,000 after acquiring an additional 100 shares in the last quarter. Caliber Wealth Management LLC increased its stake in shares of MongoDB by 4.6% in the 4th quarter. Caliber Wealth Management LLC now owns 4,766 shares of the company’s stock worth $1,892,000 after acquiring an additional 210 shares in the last quarter. Minot Wealth Management LLC bought a new stake in MongoDB during the 4th quarter valued at about $203,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in MongoDB by 17.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 3,327 shares of the company’s stock valued at $1,761,000 after purchasing an additional 496 shares in the last quarter. Finally, Insight Folios Inc bought a new stake in MongoDB during the 4th quarter valued at about $306,000. Institutional investors own 88.70% of the company’s stock.

MongoDB Company Profile (Get Rating)

MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; 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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