MongoDB (NASDAQ:MDB) Now Covered by Stephens

Stephens began coverage on shares of MongoDB (NASDAQ:MDB - Free Report) in a report released on Friday, MarketBeat Ratings reports. The brokerage issued an equal weight rating and a $247.00 price target on the stock.

Several other equities research analysts have also recently issued reports on the company. Scotiabank lifted their target price on MongoDB from $160.00 to $230.00 and gave the stock a "sector perform" rating in a report on Thursday, June 5th. Barclays boosted their price objective on MongoDB from $252.00 to $270.00 and gave the stock an "overweight" rating in a research note on Thursday, June 5th. Citigroup reduced their price objective on MongoDB from $430.00 to $330.00 and set a "buy" rating on the stock in a research note on Tuesday, April 1st. Rosenblatt Securities reduced their price objective on MongoDB from $305.00 to $290.00 and set a "buy" rating on the stock in a research note on Thursday, June 5th. Finally, JMP Securities reissued a "market outperform" rating and set a $345.00 price objective on shares of MongoDB in a research note on Thursday, June 5th. Nine investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $281.35.

MongoDB Trading Up 1.2%

NASDAQ MDB traded up $2.68 on Friday, hitting $221.21. 1,822,164 shares of the company traded hands, compared to its average volume of 1,986,813. The company has a market capitalization of $18.08 billion, a price-to-earnings ratio of -194.04 and a beta of 1.41. The business's 50 day moving average price is $202.71 and its 200-day moving average price is $213.05. MongoDB has a 52-week low of $140.78 and a 52-week high of $370.00.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.65 by $0.35. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%. The business had revenue of $549.01 million for the quarter, compared to the consensus estimate of $527.49 million. During the same period in the previous year, the business earned $0.51 earnings per share. The business's revenue was up 21.8% on a year-over-year basis. As a group, sell-side analysts predict that MongoDB will post -1.78 earnings per share for the current year.

Insider Transactions at MongoDB

In other news, Director Hope F. Cochran sold 1,174 shares of the stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total transaction of $236,067.92. Following the sale, the director directly owned 21,096 shares of the company's stock, valued at $4,241,983.68. This represents a 5.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dwight A. Merriman sold 820 shares of the firm's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $210.84, for a total transaction of $172,888.80. Following the completion of the transaction, the director directly owned 1,106,186 shares in the company, valued at $233,228,256.24. This represents a 0.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,746 shares of company stock valued at $7,500,196 in the last ninety days. 3.10% of the stock is currently owned by corporate insiders.

Institutional Trading of MongoDB

A number of hedge funds have recently bought and sold shares of MDB. OneDigital Investment Advisors LLC increased its holdings in shares of MongoDB by 3.9% during the 4th quarter. OneDigital Investment Advisors LLC now owns 1,044 shares of the company's stock worth $243,000 after buying an additional 39 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in shares of MongoDB by 0.4% during the 1st quarter. Handelsbanken Fonder AB now owns 14,816 shares of the company's stock worth $2,599,000 after buying an additional 65 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of MongoDB by 4.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,647 shares of the company's stock worth $383,000 after buying an additional 75 shares during the last quarter. Wedbush Securities Inc. increased its holdings in shares of MongoDB by 2.6% during the 1st quarter. Wedbush Securities Inc. now owns 3,022 shares of the company's stock worth $530,000 after buying an additional 77 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of MongoDB by 15.9% during the 1st quarter. Fifth Third Bancorp now owns 569 shares of the company's stock worth $100,000 after buying an additional 78 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.