Mongodb (NASDAQ:MDB) had its price target upped by Barclays from $143.00 to $178.00 in a research note released on Wednesday morning, BenzingaRatingsTable reports. Barclays currently has an overweight rating on the stock.
MDB has been the topic of a number of other research reports. Zacks Investment Research lowered Mongodb from a buy rating to a hold rating in a report on Saturday, January 19th. KeyCorp raised their target price on Mongodb from $100.00 to $150.00 and gave the company an overweight rating in a report on Thursday, March 14th. Needham & Company LLC reaffirmed a buy rating and issued a $130.00 target price (up previously from $108.00) on shares of Mongodb in a report on Thursday, March 14th. William Blair started coverage on Mongodb in a report on Friday, March 22nd. They issued an outperform rating on the stock. Finally, Nomura set a $63.00 target price on Mongodb and gave the company a sell rating in a report on Tuesday, February 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $112.69.
Shares of MDB traded up $7.79 during midday trading on Wednesday, reaching $146.23. 83,154 shares of the stock were exchanged, compared to its average volume of 1,403,511. Mongodb has a 12-month low of $40.61 and a 12-month high of $154.80. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.44 and a quick ratio of 3.44. The company has a market capitalization of $7.83 billion, a PE ratio of -85.03 and a beta of -0.01.
Mongodb (NASDAQ:MDB) last posted its quarterly earnings results on Wednesday, March 13th. The company reported ($0.36) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.56) by $0.20. Mongodb had a negative return on equity of 49.90% and a negative net margin of 44.47%. The company had revenue of $83.10 million during the quarter, compared to the consensus estimate of $74.02 million. During the same period last year, the business earned ($0.40) EPS. The business’s quarterly revenue was up 84.7% on a year-over-year basis. On average, equities research analysts expect that Mongodb will post -1.99 earnings per share for the current fiscal year.
In other news, CFO Michael Lawrence Gordon sold 1,009 shares of Mongodb stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $146.44, for a total transaction of $147,757.96. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Thomas Bull sold 213 shares of Mongodb stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $146.75, for a total value of $31,257.75. The disclosure for this sale can be found here. Insiders have sold a total of 204,925 shares of company stock worth $26,066,704 in the last three months. 40.04% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the company. Pearl River Capital LLC acquired a new stake in shares of Mongodb during the 4th quarter worth approximately $25,000. Quantamental Technologies LLC bought a new position in shares of Mongodb during the 4th quarter worth approximately $33,000. PNC Financial Services Group Inc. bought a new position in shares of Mongodb during the 4th quarter worth approximately $34,000. TCI Wealth Advisors Inc. lifted its position in shares of Mongodb by 17,133.3% during the 4th quarter. TCI Wealth Advisors Inc. now owns 517 shares of the company’s stock worth $43,000 after buying an additional 514 shares during the period. Finally, Evolution Wealth Advisors LLC bought a new position in shares of Mongodb during the 1st quarter worth approximately $94,000. 62.52% of the stock is currently owned by institutional investors.
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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