Stifel Nicolaus Issues Pessimistic Forecast for MongoDB (NASDAQ:MDB) Stock Price

MongoDB (NASDAQ:MDB) had its price objective decreased by Stifel Nicolaus from $340.00 to $275.00 in a research note published on Friday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. Tigress Financial lifted their price objective on shares of MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Oppenheimer reduced their target price on shares of MongoDB from $400.00 to $330.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Citigroup lowered their price target on MongoDB from $430.00 to $330.00 and set a “buy” rating for the company in a report on Tuesday, April 1st. Scotiabank reissued a “sector perform” rating and issued a $240.00 price objective (down previously from $275.00) on shares of MongoDB in a research note on Wednesday, March 5th. Finally, Bank of America decreased their target price on MongoDB from $420.00 to $286.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Seven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $310.74.

MongoDB Stock Performance

MDB opened at $162.24 on Friday. The stock’s 50 day moving average price is $220.46 and its 200-day moving average price is $255.98. MongoDB has a one year low of $140.78 and a one year high of $387.19. The stock has a market cap of $13.17 billion, a price-to-earnings ratio of -59.21 and a beta of 1.49.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.45). MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. During the same period last year, the company earned $0.86 EPS. As a group, analysts predict that MongoDB will post -1.78 earnings per share for the current fiscal year.

Insider Activity at MongoDB

In related news, CAO Thomas Bull sold 301 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total value of $52,148.25. Following the sale, the chief accounting officer now owns 14,598 shares of the company’s stock, valued at $2,529,103.50. This trade represents a 2.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 885 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $292.05, for a total transaction of $258,464.25. Following the transaction, the director now owns 83,845 shares of the company’s stock, valued at $24,486,932.25. This trade represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 57,015 shares of company stock worth $13,208,285 in the last three months. 3.60% of the stock is owned by company insiders.

Institutional Trading of MongoDB

A number of institutional investors have recently bought and sold shares of MDB. OneDigital Investment Advisors LLC boosted its holdings in MongoDB by 3.9% in the fourth quarter. OneDigital Investment Advisors LLC now owns 1,044 shares of the company’s stock valued at $243,000 after purchasing an additional 39 shares in the last quarter. Hilltop National Bank grew its position in shares of MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after buying an additional 42 shares during the last quarter. Avestar Capital LLC raised its stake in MongoDB by 2.0% during the 4th quarter. Avestar Capital LLC now owns 2,165 shares of the company’s stock worth $504,000 after acquiring an additional 42 shares in the last quarter. Aigen Investment Management LP lifted its position in MongoDB by 1.4% in the fourth quarter. Aigen Investment Management LP now owns 3,921 shares of the company’s stock valued at $913,000 after acquiring an additional 55 shares during the last quarter. Finally, Perigon Wealth Management LLC boosted its stake in MongoDB by 2.7% in the fourth quarter. Perigon Wealth Management LLC now owns 2,528 shares of the company’s stock valued at $627,000 after acquiring an additional 66 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other 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.