MongoDB (NASDAQ:MDB) PT Raised to $335.00

MongoDB (NASDAQ:MDB) had its target price upped by stock analysts at Piper Sandler from $300.00 to $335.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Piper Sandler’s price target would indicate a potential upside of 15.20% from the stock’s previous close.

MDB has been the topic of a number of other reports. Canaccord Genuity Group reduced their target price on shares of MongoDB from $435.00 to $325.00 and set a “buy” rating on the stock in a report on Friday, May 31st. Needham & Company LLC reissued a “buy” rating and issued a $290.00 price objective on shares of MongoDB in a research note on Thursday, June 13th. Monness Crespi & Hardt raised MongoDB to a “hold” rating in a research report on Tuesday, May 28th. Loop Capital reduced their price target on MongoDB from $415.00 to $315.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. Finally, Stifel Nicolaus lowered their price objective on MongoDB from $435.00 to $300.00 and set a “buy” rating for the company in a research report on Friday, May 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and an average price target of $345.52.

MongoDB Trading Up 18.3 %

NASDAQ MDB opened at $290.79 on Friday. The company has a market cap of $21.33 billion, a price-to-earnings ratio of -103.48 and a beta of 1.13. MongoDB has a twelve month low of $212.74 and a twelve month high of $509.62. The company has a quick ratio of 4.93, a current ratio of 4.93 and a debt-to-equity ratio of 0.90. The business’s fifty day moving average is $248.22 and its 200 day moving average is $314.87.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Thursday, May 30th. The company reported ($0.80) EPS for the quarter, meeting analysts’ consensus estimates of ($0.80). The firm had revenue of $450.56 million for the quarter, compared to analyst estimates of $438.44 million. MongoDB had a negative return on equity of 14.88% and a negative net margin of 11.50%. As a group, sell-side analysts expect that MongoDB will post -2.67 EPS for the current fiscal year.

Insider Transactions at MongoDB

In related news, Director Hope F. Cochran sold 1,174 shares of MongoDB stock in a transaction on Monday, June 17th. The shares were sold at an average price of $224.38, for a total value of $263,422.12. Following the completion of the sale, the director now owns 13,011 shares of the company’s stock, valued at approximately $2,919,408.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director John Dennis Mcmahon sold 10,000 shares of the stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $228.00, for a total value of $2,280,000.00. Following the completion of the sale, the director now directly owns 20,020 shares of the company’s stock, valued at $4,564,560. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Hope F. Cochran sold 1,174 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $224.38, for a total value of $263,422.12. Following the completion of the transaction, the director now owns 13,011 shares in the company, valued at approximately $2,919,408.18. The disclosure for this sale can be found here. Insiders have sold 30,179 shares of company stock valued at $7,368,989 over the last ninety days. 3.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On MongoDB

Several large investors have recently bought and sold shares of the stock. Transcendent Capital Group LLC bought a new stake in shares of MongoDB in the 4th quarter worth $25,000. MFA Wealth Advisors LLC purchased a new position in MongoDB during the second quarter worth about $25,000. J.Safra Asset Management Corp grew its position in MongoDB by 682.4% in the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock worth $33,000 after purchasing an additional 116 shares in the last quarter. Quarry LP increased its stake in MongoDB by 2,580.0% in the 2nd quarter. Quarry LP now owns 134 shares of the company’s stock valued at $33,000 after buying an additional 129 shares during the last quarter. Finally, Hantz Financial Services Inc. bought a new position in shares of MongoDB during the 2nd quarter worth approximately $35,000. 89.29% of the stock is currently owned by institutional investors.

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.