MongoDB (NASDAQ:MDB) PT Lowered to $250.00

MongoDB (NASDAQ:MDBGet Free Report) had its target price cut by Mizuho from $380.00 to $250.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Mizuho’s price target would indicate a potential upside of 5.91% from the stock’s current price.

MDB has been the subject of a number of other reports. Bank of America decreased their price objective on MongoDB from $500.00 to $470.00 and set a “buy” rating for the company in a report on Friday, May 17th. KeyCorp decreased their price objective on MongoDB from $490.00 to $440.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Piper Sandler cut their price target on shares of MongoDB from $480.00 to $350.00 and set an “overweight” rating on the stock in a research report on Friday. Truist Financial cut their price target on shares of MongoDB from $475.00 to $300.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Robert W. Baird cut their price target on shares of MongoDB from $450.00 to $305.00 and set an “outperform” rating on the stock in a research report on Friday. Two analysts have rated the stock with a sell rating, four have given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $374.29.

View Our Latest Report on MongoDB

MongoDB Stock Down 23.9 %

Shares of NASDAQ:MDB opened at $236.06 on Friday. The company has a fifty day moving average of $353.32 and a 200-day moving average of $390.72. The company has a market capitalization of $17.19 billion, a PE ratio of -84.01 and a beta of 1.19. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.40 and a current ratio of 4.40. MongoDB has a 52-week low of $225.25 and a 52-week high of $509.62.

MongoDB (NASDAQ:MDBGet Free Report) last posted its quarterly earnings data 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). The company had revenue of $458.00 million during the quarter, compared to analyst estimates of $431.99 million. MongoDB had a negative net margin of 11.50% and a negative return on equity of 16.00%. On average, equities analysts predict that MongoDB will post -2.53 EPS for the current fiscal year.

Insider Buying and Selling at MongoDB

In other MongoDB news, CEO Dev Ittycheria sold 17,160 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $348.11, for a total value of $5,973,567.60. Following the completion of the sale, the chief executive officer now owns 226,073 shares in the company, valued at approximately $78,698,272.03. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Dwight A. Merriman sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $341.12, for a total transaction of $1,364,480.00. Following the completion of the sale, the director now owns 1,156,784 shares in the company, valued at approximately $394,602,158.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Dev Ittycheria sold 17,160 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $348.11, for a total transaction of $5,973,567.60. Following the sale, the chief executive officer now owns 226,073 shares of the company’s stock, valued at approximately $78,698,272.03. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,802 shares of company stock worth $16,514,071. Insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On MongoDB

Large investors have recently modified their holdings of the stock. Raymond James & Associates increased its stake in shares of MongoDB by 14.2% during the 4th quarter. Raymond James & Associates now owns 60,557 shares of the company’s stock worth $24,759,000 after purchasing an additional 7,510 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of MongoDB by 298.2% during the 4th quarter. Nordea Investment Management AB now owns 18,657 shares of the company’s stock worth $7,735,000 after purchasing an additional 13,972 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of MongoDB by 1,196.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 29,215 shares of the company’s stock worth $11,945,000 after purchasing an additional 26,961 shares during the last quarter. Realta Investment Advisors purchased a new stake in shares of MongoDB during the 4th quarter worth approximately $212,000. Finally, Blueshift Asset Management LLC purchased a new stake in shares of MongoDB during the 3rd quarter worth approximately $902,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Company Profile

(Get Free Report)

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.

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Analyst Recommendations for MongoDB (NASDAQ:MDB)

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