Mongodb (NASDAQ:MDB) had its target price increased by research analysts at Stifel Nicolaus from $53.00 to $80.00 in a research note issued on Thursday, The Fly reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 0.08% from the company’s current price.
MDB has been the topic of a number of other reports. Needham & Company LLC increased their price objective on shares of Mongodb from $43.00 to $52.00 and gave the stock a “buy” rating in a research note on Monday, June 4th. Barclays raised their price target on shares of Mongodb from $47.00 to $57.00 and gave the company an “overweight” rating in a research note on Thursday, June 7th. KeyCorp initiated coverage on shares of Mongodb in a research note on Monday, May 14th. They issued an “overweight” rating and a $50.00 price target on the stock. Nomura raised their price target on shares of Mongodb and gave the company a “neutral” rating in a research note on Tuesday, June 5th. Finally, Rosenblatt Securities initiated coverage on shares of Mongodb in a research note on Monday, July 9th. They issued a “buy” rating on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $63.50.
Shares of Mongodb stock opened at $79.94 on Thursday. Mongodb has a 12-month low of $24.62 and a 12-month high of $81.93.
Mongodb (NASDAQ:MDB) last announced its quarterly earnings data on Wednesday, September 5th. The company reported ($0.41) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.04. The firm had revenue of $57.50 million for the quarter, compared to the consensus estimate of $51.75 million. Mongodb had a negative net margin of 57.74% and a negative return on equity of 53.73%. The firm’s revenue was up 61.5% compared to the same quarter last year. equities analysts forecast that Mongodb will post -2.22 earnings per share for the current year.
In other news, insider Thomas Bull sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 21st. The shares were sold at an average price of $58.80, for a total value of $470,400.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Meagen Eisenberg sold 82,500 shares of the firm’s stock in a transaction that occurred on Monday, June 18th. The shares were sold at an average price of $58.72, for a total transaction of $4,844,400.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 234,139 shares of company stock worth $14,223,178. 40.04% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of MDB. Regis Management CO LLC bought a new position in Mongodb in the 2nd quarter valued at approximately $148,000. Whittier Trust Co. of Nevada Inc. raised its holdings in Mongodb by 409.4% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,301 shares of the company’s stock valued at $164,000 after buying an additional 2,653 shares during the last quarter. Stratos Wealth Partners LTD. bought a new position in Mongodb in the 1st quarter valued at approximately $177,000. Benjamin F. Edwards & Company Inc. raised its holdings in Mongodb by 36.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,050 shares of the company’s stock valued at $201,000 after buying an additional 1,075 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. bought a new position in Mongodb in the 1st quarter valued at approximately $217,000. Institutional investors and hedge funds own 43.21% of the company’s stock.
Mongodb Company Profile
MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted database-as-a-service solution; 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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