MongoDB (NASDAQ:MDB) Earns Buy Rating from Analysts at Loop Capital

Loop Capital assumed coverage on shares of MongoDB (NASDAQ:MDB) in a report released on Tuesday, MarketBeat reports. The brokerage issued a buy rating and a $415.00 price objective on the stock.

MDB has been the topic of a number of other reports. Tigress Financial lifted their price target on MongoDB from $495.00 to $500.00 and gave the company a buy rating in a research note on Thursday, March 28th. Redburn Atlantic restated a sell rating and set a $295.00 price objective (down from $410.00) on shares of MongoDB in a research report on Tuesday, March 19th. JMP Securities reiterated a market outperform rating and issued a $440.00 target price on shares of MongoDB in a report on Monday, January 22nd. Guggenheim lifted their target price on MongoDB from $250.00 to $272.00 and gave the stock a sell rating in a report on Monday, March 4th. Finally, Citigroup lifted their target price on MongoDB from $515.00 to $550.00 and gave the stock a buy rating in a report on Wednesday, March 6th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, MongoDB currently has an average rating of Moderate Buy and an average price target of $443.86.

MongoDB Stock Down 0.9 %

NASDAQ:MDB opened at $366.13 on Tuesday. The stock’s 50-day simple moving average is $381.23 and its 200 day simple moving average is $390.50. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07. MongoDB has a twelve month low of $215.56 and a twelve month high of $509.62.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing the consensus estimate of ($0.71) by ($0.32). MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. The business had revenue of $458.00 million during the quarter, compared to analyst estimates of $431.99 million. Equities analysts predict that MongoDB will post -2.53 earnings per share for the current fiscal year.

Insider Activity at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 4,000 shares of the business’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $341.12, for a total value of $1,364,480.00. Following the transaction, the director now owns 1,156,784 shares of the company’s stock, valued at $394,602,158.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other MongoDB news, CRO Cedric Pech sold 1,430 shares of the business’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $348.11, for a total value of $497,797.30. Following the transaction, the executive now owns 45,444 shares of the company’s stock, valued at $15,819,510.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 4,000 shares of the business’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $341.12, for a total value of $1,364,480.00. Following the completion of the transaction, the director now directly owns 1,156,784 shares in the company, valued at approximately $394,602,158.08. The disclosure for this sale can be found here. Insiders have sold a total of 91,802 shares of company stock valued at $35,936,911 over the last 90 days. Insiders own 4.80% of the company’s stock.

Institutional Trading of MongoDB

Hedge funds have recently made changes to their positions in the company. Transcendent Capital Group LLC bought a new stake in shares of MongoDB in the fourth quarter valued at $25,000. BluePath Capital Management LLC bought a new stake in shares of MongoDB in the third quarter valued at $30,000. Blue Trust Inc. raised its stake in shares of MongoDB by 937.5% in the fourth quarter. Blue Trust Inc. now owns 83 shares of the company’s stock valued at $34,000 after buying an additional 75 shares during the period. Cullen Frost Bankers Inc. bought a new stake in shares of MongoDB in the third quarter valued at $35,000. Finally, AM Squared Ltd bought a new stake in shares of MongoDB in the third quarter valued at $35,000. 89.29% of the stock is currently owned by institutional investors.

MongoDB Company Profile

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.