Weekly Analysts' Ratings Updates for MongoDB (MDB) - Defense World

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Weekly Analysts’ Ratings Updates for MongoDB (MDB) – Defense World

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Several analysts have recently updated their ratings and price targets for MongoDB (NASDAQ: MDB):

6/28/2023 – MongoDB had its price target raised by analysts at Tigress Financial from $365.00 to $490.00.
6/26/2023 – MongoDB had its “maintains” rating reaffirmed by analysts at VNET Group, Inc..
6/26/2023 – MongoDB had its “maintains” rating reaffirmed by analysts at 22nd Century Group, Inc..
6/26/2023 – MongoDB is now covered by analysts at Capital One Financial Co.. They set an “equal weight” rating and a $396.00 price target on the stock.
6/26/2023 – MongoDB had its price target raised by analysts at Barclays PLC from $374.00 to $421.00.
6/23/2023 – MongoDB had its price target raised by analysts at Truist Financial Co. from $365.00 to $420.00.
6/23/2023 – MongoDB had its price target raised by analysts at Stifel Nicolaus from $375.00 to $420.00.
6/23/2023 – MongoDB had its price target raised by analysts at The Goldman Sachs Group, Inc. from $420.00 to $440.00.
6/23/2023 – MongoDB had its price target raised by analysts at Royal Bank of Canada from $400.00 to $445.00.
6/23/2023 – MongoDB had its price target raised by analysts at Morgan Stanley from $270.00 to $440.00.
6/23/2023 – MongoDB had its price target raised by analysts at Robert W. Baird from $390.00 to $430.00.
6/23/2023 – MongoDB had its price target raised by analysts at Mizuho from $220.00 to $240.00.
6/5/2023 – MongoDB had its price target raised by analysts at Sanford C. Bernstein from $257.00 to $424.00.
6/2/2023 – MongoDB had its “outperform” rating reaffirmed by analysts at William Blair.
6/2/2023 – MongoDB had its price target raised by analysts at Royal Bank of Canada from $235.00 to $400.00.
6/2/2023 – MongoDB had its price target raised by analysts at Stifel Nicolaus from $240.00 to $375.00.
6/2/2023 – MongoDB had its price target raised by analysts at Truist Financial Co. from $235.00 to $365.00.
6/2/2023 – MongoDB had its price target raised by analysts at Needham & Company LLC from $250.00 to $430.00.
6/2/2023 – MongoDB had its price target raised by analysts at Mizuho from $180.00 to $220.00.
6/2/2023 – MongoDB had its price target raised by analysts at Oppenheimer Holdings Inc. from $270.00 to $430.00.
6/2/2023 – MongoDB had its price target raised by analysts at Citigroup Inc. from $363.00 to $430.00.
6/2/2023 – MongoDB had its price target raised by analysts at Barclays PLC from $280.00 to $374.00.
6/2/2023 – MongoDB had its price target raised by analysts at JMP Securities from $245.00 to $370.00.
6/2/2023 – MongoDB had its price target raised by analysts at The Goldman Sachs Group, Inc. from $280.00 to $420.00.
6/2/2023 – MongoDB had its price target raised by analysts at Piper Sandler from $270.00 to $400.00.
5/31/2023 – MongoDB had its price target raised by analysts at Robert W. Baird from $230.00 to $290.00.
5/25/2023 – MongoDB was downgraded by analysts at Guggenheim from a “neutral” rating to a “sell” rating. They now have a $210.00 price target on the stock, up previously from $205.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
5/15/2023 – MongoDB had its price target raised by analysts at Barclays PLC from $257.00 to $280.00.

MongoDB Trading Up 0.1 %

Shares of MongoDB stock opened at $411.42 on Tuesday. The firm has a market cap of $28.82 billion, a PE ratio of -88.10 and a beta of 1.13. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 1.44. The business’s fifty day moving average is $316.10 and its two-hundred day moving average is $247.56. MongoDB, Inc. has a fifty-two week low of $135.15 and a fifty-two week high of $418.70.

MongoDB (NASDAQ:MDB – Free Report) last released its quarterly earnings data on Thursday, June 1st. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.38. The business had revenue of $368.28 million during the quarter, compared to the consensus estimate of $347.77 million. MongoDB had a negative return on equity of 43.25% and a negative net margin of 23.58%. The business’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($1.15) EPS. Analysts anticipate that MongoDB, Inc. will post -2.8 earnings per share for the current year.

Insider Activity at MongoDB

In related news, CRO Cedric Pech sold 15,534 shares of the stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $250.00, for a total value of $3,883,500.00. Following the completion of the sale, the executive now directly owns 37,516 shares in the company, valued at approximately $9,379,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction dated Wednesday, April 26th. The shares were sold at an average price of $240.00, for a total transaction of $480,000.00. Following the transaction, the director now owns 1,225,954 shares of the company’s stock, valued at $294,228,960. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Cedric Pech sold 15,534 shares of the stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $250.00, for a total transaction of $3,883,500.00. Following the transaction, the executive now directly owns 37,516 shares in the company, valued at approximately $9,379,000. The disclosure for this sale can be found here. In the last three months, insiders sold 50,050 shares of company stock worth $13,942,694. Corporate insiders own 4.80% of the company’s stock.

Hedge Funds Weigh In On MongoDB

Large investors have recently modified their holdings of the stock. Skandinaviska Enskilda Banken AB publ lifted its holdings in MongoDB by 2.5% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 11,467 shares of the company’s stock worth $2,256,000 after acquiring an additional 277 shares during the last quarter. Clarius Group LLC increased its stake in shares of MongoDB by 7.7% in the first quarter. Clarius Group LLC now owns 1,362 shares of the company’s stock valued at $318,000 after purchasing an additional 97 shares during the period. Lindbrook Capital LLC boosted its position in shares of MongoDB by 350.0% during the fourth quarter. Lindbrook Capital LLC now owns 171 shares of the company’s stock worth $34,000 after buying an additional 133 shares during the period. Principal Financial Group Inc. boosted its position in shares of MongoDB by 12.3% during the fourth quarter. Principal Financial Group Inc. now owns 8,452 shares of the company’s stock worth $1,664,000 after buying an additional 924 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of MongoDB by 30.6% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 11,063 shares of the company’s stock worth $2,179,000 after buying an additional 2,591 shares during the period. Institutional investors own 89.22% of the company’s stock.

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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