MongoDB (NASDAQ:MDB) Given New $325.00 Price Target at Stifel Nicolaus

MongoDB (NASDAQ:MDB) had its price target raised by Stifel Nicolaus from $300.00 to $325.00 in a report published on Friday, Benzinga reports. The firm currently has a buy rating on the stock.

Other equities research analysts have also issued research reports about the company. Wells Fargo & Company lowered their price objective on MongoDB from $450.00 to $300.00 and set an overweight rating on the stock in a research report on Friday, May 31st. Morgan Stanley raised their price target on shares of MongoDB from $320.00 to $340.00 and gave the company an overweight rating in a research report on Friday. Piper Sandler upped their price objective on shares of MongoDB from $300.00 to $335.00 and gave the stock an overweight rating in a research report on Friday. Mizuho raised their target price on MongoDB from $250.00 to $275.00 and gave the company a neutral rating in a research report on Friday. Finally, Barclays reduced their price target on MongoDB from $458.00 to $290.00 and set an overweight rating for the company in a report on Friday, May 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $345.52.

MongoDB Stock Up 18.3 %

MDB stock opened at $290.79 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.93 and a quick ratio of 4.93. The firm’s fifty day simple moving average is $248.22 and its 200-day simple moving average is $315.96. MongoDB has a 12 month low of $212.74 and a 12 month high of $509.62. The company has a market capitalization of $21.33 billion, a P/E ratio of -103.48 and a beta of 1.13.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Thursday, May 30th. The company reported ($0.80) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.80). MongoDB had a negative return on equity of 14.88% and a negative net margin of 11.50%. The business had revenue of $450.56 million during the quarter, compared to analyst estimates of $438.44 million. As a group, equities research analysts forecast that MongoDB will post -2.67 earnings per share for the current year.

Insider Activity

In other news, CAO Thomas Bull sold 138 shares of MongoDB stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total transaction of $36,610.02. Following the completion of the sale, the chief accounting officer now directly owns 17,222 shares of the company’s stock, valued at approximately $4,568,824.38. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CRO Cedric Pech sold 273 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total transaction of $72,424.17. Following the sale, the executive now owns 35,719 shares of the company’s stock, valued at approximately $9,475,893.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Thomas Bull sold 138 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total value of $36,610.02. Following the sale, the chief accounting officer now owns 17,222 shares of the company’s stock, valued at approximately $4,568,824.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,179 shares of company stock worth $7,368,989. 3.60% of the stock is currently owned by company insiders.

Institutional Trading of MongoDB

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in MongoDB by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 6,910,761 shares of the company’s stock valued at $2,478,475,000 after purchasing an additional 68,348 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of MongoDB by 14.3% during the first quarter. Jennison Associates LLC now owns 4,408,424 shares of the company’s stock worth $1,581,037,000 after buying an additional 551,567 shares during the last quarter. Norges Bank acquired a new position in MongoDB in the 4th quarter valued at about $326,237,000. Swedbank AB lifted its position in MongoDB by 156.3% during the 2nd quarter. Swedbank AB now owns 656,993 shares of the company’s stock worth $164,222,000 after acquiring an additional 400,705 shares during the period. Finally, Champlain Investment Partners LLC grew its stake in shares of MongoDB by 22.4% in the 1st quarter. Champlain Investment Partners LLC now owns 550,684 shares of the company’s stock valued at $197,497,000 after purchasing an additional 100,725 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

About MongoDB

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.