MongoDB (NASDAQ:MDB) Coverage Initiated at Loop Capital

Loop Capital assumed coverage on shares of MongoDB (NASDAQ:MDB - Free Report) in a research report released on Tuesday morning, Marketbeat.com reports. The firm issued a buy rating and a $415.00 price objective on the stock.

Other research analysts have also issued reports about the company. Citigroup raised their price objective on MongoDB from $515.00 to $550.00 and gave the company a buy rating in a research report on Wednesday, March 6th. KeyCorp cut their price objective on MongoDB from $490.00 to $440.00 and set an overweight rating on the stock in a research report on Thursday, April 18th. JMP Securities reissued a market outperform rating and issued a $440.00 price objective on shares of MongoDB in a research report on Monday, January 22nd. Truist Financial lifted their target price on MongoDB from $440.00 to $500.00 and gave the stock a buy rating in a research report on Tuesday, February 20th. Finally, UBS Group reaffirmed a neutral rating and set a $410.00 target price (down from $475.00) on shares of MongoDB in a research report on Thursday, January 4th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $443.86.

MongoDB Trading Up 7.7 %

MongoDB stock traded up $26.15 during midday trading on Tuesday, reaching $366.31. The stock had a trading volume of 1,744,542 shares, compared to its average volume of 1,385,461. MongoDB has a twelve month low of $212.52 and a twelve month high of $509.62. The stock has a market capitalization of $26.68 billion, a PE ratio of -147.71 and a beta of 1.20. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.40 and a current ratio of 4.40. The stock's 50-day simple moving average is $385.74 and its 200 day simple moving average is $390.82.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing analysts' consensus estimates of ($0.71) by ($0.32). MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. The firm had revenue of $458.00 million during the quarter, compared to analyst estimates of $431.99 million. Analysts expect that MongoDB will post -2.53 EPS for the current year.

Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 4,000 shares of the business's stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $341.12, for a total transaction of $1,364,480.00. Following the completion of the transaction, the director now directly owns 1,156,784 shares in the company, valued at $394,602,158.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Michael Lawrence Gordon sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $469.84, for a total transaction of $4,698,400.00. Following the completion of the transaction, the chief financial officer now directly owns 70,985 shares in the company, valued at $33,351,592.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dwight A. Merriman sold 4,000 shares of the business's stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $341.12, for a total value of $1,364,480.00. Following the transaction, the director now owns 1,156,784 shares of the company's stock, valued at $394,602,158.08. The disclosure for this sale can be found here. Insiders sold a total of 91,802 shares of company stock worth $35,936,911 over the last ninety days. Company insiders own 4.80% of the company's stock.

Institutional Investors Weigh In On MongoDB

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Transcendent Capital Group LLC purchased a new stake in shares of MongoDB in the fourth quarter valued at $25,000. Blue Trust Inc. increased its stake in shares of MongoDB by 937.5% in the fourth quarter. Blue Trust Inc. now owns 83 shares of the company's stock worth $34,000 after acquiring an additional 75 shares during the last quarter. BluePath Capital Management LLC acquired a new position in MongoDB during the third quarter worth $30,000. AM Squared Ltd acquired a new position in MongoDB during the third quarter worth $35,000. Finally, Cullen Frost Bankers Inc. acquired a new position in MongoDB during the third quarter worth $35,000. Institutional investors own 89.29% of the company's stock.

About MongoDB

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.