MongoDB (NASDAQ:MDB) Rating Reiterated by Piper Sandler

MongoDB (NASDAQ:MDB – Get Rating)‘s stock had its “overweight” rating reissued by analysts at Piper Sandler in a note issued to investors on Thursday, Benzinga reports. They currently have a $270.00 price objective on the stock. Piper Sandler’s target price indicates a potential upside of 39.12% from the stock’s previous close.

A number of other equities analysts have also weighed in on MDB. Credit Suisse Group lowered their price target on shares of MongoDB from $400.00 to $305.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 7th. Barclays lowered their price target on shares of MongoDB from $264.00 to $257.00 and set an “overweight” rating on the stock in a research report on Thursday. Guggenheim assumed coverage on shares of MongoDB in a research report on Thursday, January 26th. They set a “neutral” rating and a $205.00 price target on the stock. Mizuho reduced their target price on shares of MongoDB from $220.00 to $180.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Sanford C. Bernstein assumed coverage on shares of MongoDB in a research note on Friday, February 17th. They set an “outperform” rating and a $282.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $253.87.

MongoDB Stock Down 7.4 %

Shares of NASDAQ MDB opened at $194.08 on Thursday. The company’s 50-day simple moving average is $207.75 and its 200-day simple moving average is $203.48. MongoDB has a 52-week low of $135.15 and a 52-week high of $471.96. The firm has a market cap of $13.45 billion, a price-to-earnings ratio of -38.51 and a beta of 1.00. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 1.66.

MongoDB (NASDAQ:MDB – Get Rating) last announced its earnings results on Tuesday, December 6th. The company reported ($1.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.48) by $0.25. MongoDB had a negative net margin of 26.90% and a negative return on equity of 49.53%. The business had revenue of $333.62 million for the quarter, compared to analyst estimates of $302.39 million. Equities analysts predict that MongoDB will post -4.64 EPS for the current fiscal year.

Insider Activity at MongoDB

In related news, insider Thomas Bull sold 399 shares of the company’s stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $199.31, for a total value of $79,524.69. Following the completion of the sale, the insider now owns 16,203 shares in the company, valued at approximately $3,229,419.93. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Thomas Bull sold 399 shares of the company’s stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $199.31, for a total value of $79,524.69. Following the completion of the sale, the insider now owns 16,203 shares in the company, valued at approximately $3,229,419.93. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CTO Mark Porter sold 635 shares of the company’s stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $187.72, for a total transaction of $119,202.20. Following the completion of the sale, the chief technology officer now owns 27,577 shares of the company’s stock, valued at approximately $5,176,754.44. The disclosure for this sale can be found here. Insiders sold a total of 112,169 shares of company stock worth $22,836,007 in the last 90 days. 5.70% of the stock is owned by insiders.

Hedge Funds Weigh In On MongoDB

A number of large investors have recently bought and sold shares of MDB. Ieq Capital LLC increased its holdings in shares of MongoDB by 23.2% in the 3rd quarter. Ieq Capital LLC now owns 1,962 shares of the company’s stock valued at $390,000 after purchasing an additional 370 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of MongoDB by 3.5% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 4,070 shares of the company’s stock valued at $1,056,000 after purchasing an additional 137 shares in the last quarter. Shell Asset Management Co. increased its holdings in shares of MongoDB by 7.0% in the 2nd quarter. Shell Asset Management Co. now owns 2,020 shares of the company’s stock valued at $524,000 after purchasing an additional 133 shares in the last quarter. Swiss National Bank increased its holdings in shares of MongoDB by 12.2% in the 2nd quarter. Swiss National Bank now owns 289,550 shares of the company’s stock valued at $75,138,000 after purchasing an additional 31,500 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its holdings in shares of MongoDB by 198.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 69,217 shares of the company’s stock valued at $17,962,000 after purchasing an additional 45,994 shares in the last quarter. Hedge funds and other institutional investors own 84.86% of the company’s stock.

MongoDB Company Profile

(Get Rating)

MongoDB, Inc engages in the development and provision of a general-purpose database platform. The firm’s products include MongoDB Enterprise Advanced, MongoDB Atlas and Community Server. It also offers professional services including consulting and training. The company was founded by Eliot Horowitz, Dwight A.