MongoDB (NASDAQ:MDB) Rating Reiterated by Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of MongoDB (NASDAQ:MDB - Free Report) in a research note published on Tuesday, Benzinga reports. They currently have a $465.00 target price on the stock.

Several other analysts also recently weighed in on the stock. DA Davidson raised shares of MongoDB from a neutral rating to a buy rating and boosted their target price for the stock from $405.00 to $430.00 in a research report on Friday, March 8th. Stifel Nicolaus reissued a buy rating and set a $435.00 target price on shares of MongoDB in a research report on Thursday, March 14th. Citigroup upped their price objective on shares of MongoDB from $515.00 to $550.00 and gave the company a buy rating in a report on Wednesday, March 6th. UBS Group reaffirmed a neutral rating and issued a $410.00 price objective (down from $475.00) on shares of MongoDB in a report on Thursday, January 4th. Finally, Tigress Financial upped their price objective on shares of MongoDB from $495.00 to $500.00 and gave the company a buy rating in a report on Thursday, March 28th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $448.74.

MongoDB Stock Down 0.7 %

Shares of NASDAQ MDB traded down $2.38 during trading hours on Tuesday, hitting $360.94. 952,821 shares of the stock were exchanged, compared to its average volume of 1,415,606. The company has a market cap of $26.29 billion, a PE ratio of -145.54 and a beta of 1.20. MongoDB has a 12 month low of $198.72 and a 12 month high of $509.62. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07. The firm has a fifty day moving average price of $406.75 and a 200-day moving average price of $390.21.

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

Insiders Place Their Bets

In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the company's stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $420.00, for a total transaction of $420,000.00. Following the completion of the transaction, the director now directly owns 528,896 shares in the company, valued at $222,136,320. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $420.00, for a total value of $420,000.00. Following the completion of the sale, the director now directly owns 528,896 shares in the company, valued at $222,136,320. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Dwight A. Merriman sold 6,000 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $437.99, for a total transaction of $2,627,940.00. Following the completion of the sale, the director now owns 1,168,784 shares of the company's stock, valued at $511,915,704.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 92,050 shares of company stock worth $36,126,111. Company insiders own 4.80% of the company's stock.

Institutional Investors Weigh In On MongoDB

A number of hedge funds have recently modified their holdings of the business. Transcendent Capital Group LLC purchased a new stake in shares of MongoDB in the fourth quarter valued at about $25,000. KB Financial Partners LLC purchased a new stake in shares of MongoDB in the second quarter valued at about $27,000. Blue Trust Inc. grew its holdings in shares of MongoDB by 937.5% in the fourth quarter. Blue Trust Inc. now owns 83 shares of the company's stock valued at $34,000 after purchasing an additional 75 shares during the period. BluePath Capital Management LLC purchased a new stake in shares of MongoDB in the third quarter valued at about $30,000. Finally, Parkside Financial Bank & Trust grew its holdings in shares of MongoDB by 176.5% in the second quarter. Parkside Financial Bank & Trust now owns 94 shares of the company's stock valued at $39,000 after purchasing an additional 60 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

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.