MongoDB (NASDAQ:MDB) Given New $456.00 Price Target at Macquarie

MongoDB (NASDAQ:MDB) had its target price lifted by Macquarie from $434.00 to $456.00 in a report published on Friday morning, FlyOnTheWall reports.

MDB has been the subject of several other research reports. Needham & Company LLC lifted their price target on MongoDB from $430.00 to $445.00 and gave the stock a buy rating in a research note on Friday. 22nd Century Group restated a maintains rating on shares of MongoDB in a research report on Monday, June 26th. Barclays upped their target price on MongoDB from $421.00 to $450.00 and gave the stock an overweight rating in a research note on Friday. Piper Sandler upped their price objective on shares of MongoDB from $400.00 to $425.00 and gave the company an overweight rating in a research note on Friday. Finally, VNET Group reaffirmed a maintains rating on shares of MongoDB in a report on Monday, June 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, MongoDB presently has an average rating of Moderate Buy and a consensus target price of $405.35.

MongoDB Trading Up 3.0 %

Shares of MDB opened at $392.88 on Friday. MongoDB has a 1-year low of $135.15 and a 1-year high of $439.00. The company has a market capitalization of $27.73 billion, a P/E ratio of -84.13 and a beta of 1.13. The company has a debt-to-equity ratio of 1.44, a current ratio of 4.19 and a quick ratio of 4.19. The firm’s 50 day simple moving average is $389.98 and its 200 day simple moving average is $304.08.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, June 1st. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.38. The firm had revenue of $368.28 million for the quarter, compared to analysts’ expectations of $347.77 million. MongoDB had a negative net margin of 23.58% and a negative return on equity of 43.25%. The business’s quarterly revenue was up 29.0% on a year-over-year basis. During the same quarter last year, the company posted ($1.15) EPS. Sell-side analysts forecast that MongoDB will post -2.8 earnings per share for the current fiscal year.

Insider Transactions at MongoDB

In related news, Director Dwight A. Merriman sold 6,000 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $415.06, for a total transaction of $2,490,360.00. Following the transaction, the director now owns 1,207,159 shares in the company, valued at $501,043,414.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Hope F. Cochran sold 2,174 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $373.19, for a total value of $811,315.06. Following the sale, the director now directly owns 8,200 shares of the company’s stock, valued at approximately $3,060,158. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $415.06, for a total transaction of $2,490,360.00. Following the transaction, the director now directly owns 1,207,159 shares of the company’s stock, valued at $501,043,414.54. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,551 shares of company stock valued at $31,143,942. Company insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On MongoDB

Hedge funds and other institutional investors have recently bought and sold shares of the business. GPS Wealth Strategies Group LLC bought a new stake in shares of MongoDB in the 2nd quarter worth approximately $26,000. KB Financial Partners LLC bought a new stake in MongoDB in the second quarter worth $27,000. Capital Advisors Ltd. LLC increased its holdings in shares of MongoDB by 131.0% during the second quarter. Capital Advisors Ltd. LLC now owns 67 shares of the company’s stock valued at $28,000 after acquiring an additional 38 shares in the last quarter. Bessemer Group Inc. purchased a new position in shares of MongoDB in the 4th quarter worth about $29,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in MongoDB in the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 88.89% of the company’s stock.

MongoDB Company Profile

MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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.