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MongoDB (NASDAQ:MDB – Get Free Report) had its target price lifted by analysts at Piper Sandler from $425.00 to $500.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler’s price objective suggests a potential upside of 30.13% from the company’s current price.
A number of other research analysts also recently commented on MDB. TheStreet upgraded MongoDB from a “d+” rating to a “c-” rating in a research report on Friday, December 1st. Royal Bank of Canada reiterated an “outperform” rating and set a $445.00 target price on shares of MongoDB in a research report on Friday, September 1st. Argus increased their target price on MongoDB from $435.00 to $484.00 and gave the company a “buy” rating in a research report on Tuesday, September 5th. Needham & Company LLC increased their target price on MongoDB from $445.00 to $495.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Guggenheim increased their target price on MongoDB from $220.00 to $250.00 and gave the company a “sell” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $432.44.
Check Out Our Latest Research Report on MongoDB
MongoDB Trading Down 0.8 %
Shares of MDB opened at $384.24 on Wednesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 4.48 and a quick ratio of 4.48. MongoDB has a 1 year low of $164.59 and a 1 year high of $442.84. The company has a 50 day simple moving average of $370.55 and a two-hundred day simple moving average of $371.77. The firm has a market cap of $27.42 billion, a P/E ratio of -111.05 and a beta of 1.19.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings data on Tuesday, December 5th. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.45. MongoDB had a negative net margin of 16.21% and a negative return on equity of 29.69%. The business had revenue of $432.94 million during the quarter, compared to analyst estimates of $406.33 million. During the same period last year, the firm posted ($1.23) EPS. The company’s revenue was up 29.8% on a year-over-year basis. On average, equities analysts expect that MongoDB will post -2.17 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, CFO Michael Lawrence Gordon sold 5,000 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $370.82, for a total value of $1,854,100.00. Following the transaction, the chief financial officer now owns 101,509 shares in the company, valued at approximately $37,641,567.38. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CAO Thomas Bull sold 518 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $342.41, for a total transaction of $177,368.38. Following the sale, the chief accounting officer now owns 16,672 shares of the company’s stock, valued at approximately $5,708,659.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $370.82, for a total transaction of $1,854,100.00. Following the sale, the chief financial officer now directly owns 101,509 shares in the company, valued at approximately $37,641,567.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 305,511 shares of company stock worth $108,766,329. 4.80% of the stock is owned by company insiders.
Institutional Investors Weigh In On MongoDB
A number of institutional investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its stake in MongoDB by 13.4% in the 1st 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 acquiring an additional 897,911 shares during the period. Vanguard Group Inc. lifted its holdings in MongoDB by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 5,970,224 shares of the company’s stock valued at $2,648,332,000 after purchasing an additional 121,201 shares in the last quarter. Jennison Associates LLC lifted its holdings in MongoDB by 87.8% in the 3rd quarter. Jennison Associates LLC now owns 3,733,964 shares of the company’s stock valued at $1,291,429,000 after purchasing an additional 1,745,231 shares in the last quarter. State Street Corp lifted its holdings in MongoDB by 1.8% in the 1st quarter. State Street Corp now owns 1,386,773 shares of the company’s stock valued at $323,280,000 after purchasing an additional 24,595 shares in the last quarter. Finally, 1832 Asset Management L.P. lifted its holdings in MongoDB by 3,283,771.0% in the 4th quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock valued at $200,383,000 after purchasing an additional 1,017,969 shares in the last quarter. Institutional investors and hedge funds 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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