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.
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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