Stifel Nicolaus Boosts MongoDB (NASDAQ:MDB) Price Target to $360.00

MongoDB (NASDAQ:MDB) had its price objective increased by Stifel Nicolaus from $325.00 to $360.00 in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other brokerages have also commented on MDB. DA Davidson boosted their price target on MongoDB from $330.00 to $340.00 and gave the stock a “buy” rating in a research note on Friday, October 11th. Bank of America lifted their price target on MongoDB from $300.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. JMP Securities reissued a “market outperform” rating and issued a $380.00 price objective on shares of MongoDB in a research note on Friday, August 30th. Loop Capital upped their price target on shares of MongoDB from $315.00 to $400.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Finally, Wedbush raised shares of MongoDB to a “strong-buy” rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $345.71.

MongoDB Trading Up 2.0 %

Shares of MDB stock opened at $350.13 on Monday. The company has a current ratio of 5.03, a quick ratio of 5.03 and a debt-to-equity ratio of 0.84. The business’s 50 day moving average is $290.90 and its two-hundred day moving average is $269.20. MongoDB has a twelve month low of $212.74 and a twelve month high of $509.62. The company has a market capitalization of $25.86 billion, a P/E ratio of -115.94 and a beta of 1.17.

MongoDB (NASDAQ:MDB) last released its earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.68 by $0.48. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The company had revenue of $529.40 million during the quarter, compared to analysts’ expectations of $497.39 million. During the same quarter last year, the business earned $0.96 EPS. The business’s revenue was up 22.3% on a year-over-year basis. Equities analysts forecast that MongoDB will post -2.37 EPS for the current year.

Insider Activity at MongoDB

In related news, CAO Thomas Bull sold 154 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total value of $39,462.50. Following the sale, the chief accounting officer now directly owns 16,068 shares in the company, valued at $4,117,425. This trade represents a 0.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Cedric Pech sold 302 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total value of $77,387.50. Following the completion of the transaction, the executive now directly owns 33,440 shares of the company’s stock, valued at approximately $8,569,000. The trade was a 0.90 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,600 shares of company stock valued at $7,255,929. Corporate insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Cetera Advisors LLC raised its stake in MongoDB by 106.9% during the 1st quarter. Cetera Advisors LLC now owns 1,558 shares of the company’s stock valued at $559,000 after purchasing an additional 805 shares during the period. CWM LLC increased its stake in shares of MongoDB by 7.6% in the second quarter. CWM LLC now owns 3,113 shares of the company’s stock worth $778,000 after acquiring an additional 219 shares during the last quarter. Diversified Trust Co raised its stake in shares of MongoDB by 16.6% during the 2nd quarter. Diversified Trust Co now owns 4,794 shares of the company’s stock worth $1,198,000 after purchasing an additional 683 shares in the last quarter. Baader Bank Aktiengesellschaft grew its stake in shares of MongoDB by 66.4% in the 2nd quarter. Baader Bank Aktiengesellschaft now owns 3,327 shares of the company’s stock valued at $826,000 after buying an additional 1,327 shares in the last quarter. Finally, J.Safra Asset Management Corp raised its position in MongoDB by 682.4% during the second quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock valued at $33,000 after acquiring an additional 116 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

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.