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DOW   30,937.04 (-0.07%)
QQQ   328.59 (+0.15%)
AAPL   143.16 (+0.17%)
MSFT   232.33 (+1.22%)
FB   282.05 (+1.45%)
GOOGL   1,907.95 (+0.72%)
AMZN   3,326.13 (+0.98%)
TSLA   883.09 (+0.26%)
NVDA   537.41 (-1.60%)
BABA   265.92 (+1.74%)
CGC   35.52 (+7.93%)
GE   11.29 (+2.73%)
MU   79.51 (-2.18%)
AMD   94.71 (+0.62%)
NIO   60.31 (+0.53%)
T   29.75 (+2.20%)
F   11.19 (-0.89%)
ACB   10.67 (+5.02%)
BA   202.06 (-0.64%)
DIS   169.56 (-1.36%)
NFLX   561.93 (+0.92%)
GILD   66.70 (-2.14%)
S&P 500   3,849.62 (-0.15%)
DOW   30,937.04 (-0.07%)
QQQ   328.59 (+0.15%)
AAPL   143.16 (+0.17%)
MSFT   232.33 (+1.22%)
FB   282.05 (+1.45%)
GOOGL   1,907.95 (+0.72%)
AMZN   3,326.13 (+0.98%)
TSLA   883.09 (+0.26%)
NVDA   537.41 (-1.60%)
BABA   265.92 (+1.74%)
CGC   35.52 (+7.93%)
GE   11.29 (+2.73%)
MU   79.51 (-2.18%)
AMD   94.71 (+0.62%)
NIO   60.31 (+0.53%)
T   29.75 (+2.20%)
F   11.19 (-0.89%)
ACB   10.67 (+5.02%)
BA   202.06 (-0.64%)
DIS   169.56 (-1.36%)
NFLX   561.93 (+0.92%)
GILD   66.70 (-2.14%)
S&P 500   3,849.62 (-0.15%)
DOW   30,937.04 (-0.07%)
QQQ   328.59 (+0.15%)
AAPL   143.16 (+0.17%)
MSFT   232.33 (+1.22%)
FB   282.05 (+1.45%)
GOOGL   1,907.95 (+0.72%)
AMZN   3,326.13 (+0.98%)
TSLA   883.09 (+0.26%)
NVDA   537.41 (-1.60%)
BABA   265.92 (+1.74%)
CGC   35.52 (+7.93%)
GE   11.29 (+2.73%)
MU   79.51 (-2.18%)
AMD   94.71 (+0.62%)
NIO   60.31 (+0.53%)
T   29.75 (+2.20%)
F   11.19 (-0.89%)
ACB   10.67 (+5.02%)
BA   202.06 (-0.64%)
DIS   169.56 (-1.36%)
NFLX   561.93 (+0.92%)
GILD   66.70 (-2.14%)
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MongoDB (NASDAQ:MDB) PT Raised to $394.00 at Needham & Company LLC

Last updated on Tuesday, January 19, 2021 | 2021 MarketBeat

MongoDB (NASDAQ:MDB) had its target price raised by equities research analysts at Needham & Company LLC from $341.00 to $394.00 in a report released on Tuesday, Analyst Ratings Network reports. The firm presently has a "buy" rating on the stock. Needham & Company LLC's price target indicates a potential upside of 6.64% from the stock's current price.

Other analysts have also recently issued reports about the company. FBN Securities assumed coverage on MongoDB in a research report on Thursday, September 24th. They issued an "outperform" rating and a $260.00 price objective for the company. DA Davidson raised their price objective on MongoDB from $250.00 to $275.00 and gave the company a "neutral" rating in a research report on Wednesday, December 9th. They noted that the move was a valuation call. Morgan Stanley raised MongoDB from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $295.00 to $439.00 in a research report on Thursday, December 17th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their price target on MongoDB from $354.00 to $465.00 in a report on Wednesday, January 13th. Finally, Zacks Investment Research cut MongoDB from a "hold" rating to a "sell" rating in a report on Saturday, December 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of "Buy" and an average target price of $349.50.

MDB stock traded up $8.20 during mid-day trading on Tuesday, reaching $369.46. The company had a trading volume of 12,550 shares, compared to its average volume of 758,940. The company has a debt-to-equity ratio of 43.46, a current ratio of 4.06 and a quick ratio of 4.06. The stock has a 50 day simple moving average of $338.96 and a two-hundred day simple moving average of $256.67. The company has a market capitalization of $22.27 billion, a price-to-earnings ratio of -84.84 and a beta of 0.84. MongoDB has a 52 week low of $93.81 and a 52 week high of $399.00.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Monday, December 7th. The company reported ($0.31) earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.44) by $0.13. The firm had revenue of $150.77 million during the quarter, compared to the consensus estimate of $138.65 million. MongoDB had a negative return on equity of 343.82% and a negative net margin of 46.73%. The business's revenue was up 37.8% compared to the same quarter last year. During the same period last year, the company earned ($0.26) earnings per share. On average, equities analysts predict that MongoDB will post -3.57 EPS for the current year.

In other news, CRO Cedric Pech sold 221 shares of MongoDB stock in a transaction on Wednesday, January 6th. The stock was sold at an average price of $350.05, for a total value of $77,361.05. Following the transaction, the executive now owns 41,159 shares in the company, valued at approximately $14,407,707.95. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Thomas Bull sold 434 shares of MongoDB stock in a transaction on Monday, January 4th. The shares were sold at an average price of $345.08, for a total value of $149,764.72. Following the completion of the transaction, the insider now owns 16,228 shares in the company, valued at approximately $5,599,958.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 173,995 shares of company stock worth $52,998,296. Corporate insiders own 16.28% of the company's stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Aevitas Wealth Management Inc. bought a new position in shares of MongoDB in the 4th quarter valued at $269,000. Caliber Wealth Management LLC bought a new position in shares of MongoDB in the 4th quarter valued at $2,513,000. Atalanta Sosnoff Capital LLC increased its stake in shares of MongoDB by 42.1% in the 4th quarter. Atalanta Sosnoff Capital LLC now owns 1,570 shares of the company's stock valued at $564,000 after purchasing an additional 465 shares during the last quarter. Kovack Advisors Inc. grew its position in MongoDB by 24.8% during the 4th quarter. Kovack Advisors Inc. now owns 2,520 shares of the company's stock worth $905,000 after acquiring an additional 500 shares during the last quarter. Finally, IFM Investors Pty Ltd grew its position in MongoDB by 16.1% during the 4th quarter. IFM Investors Pty Ltd now owns 4,648 shares of the company's stock worth $1,669,000 after acquiring an additional 644 shares during the last quarter. Institutional investors own 87.36% of the company's stock.

About MongoDB

MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package 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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Analyst Recommendations for MongoDB (NASDAQ:MDB)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]


7 Stocks It May Be Time To Take Profits On

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View the "7 Stocks It May Be Time To Take Profits On".

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