Mongodb (MDB) PT Raised to $97.00

Mongodb (NASDAQ:MDB) had its target price upped by equities research analysts at Needham & Company LLC to $97.00 in a research note issued on Friday, The Fly reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s target price would suggest a potential upside of 7.09% from the stock’s current price.

A number of other analysts have also recently weighed in on the stock. Nomura cut shares of Mongodb from a “neutral” rating to a “reduce” rating and increased their target price for the stock from $43.00 to $63.00 in a report on Tuesday, October 2nd. They noted that the move was a valuation call. Zacks Investment Research cut shares of Mongodb from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. Barclays increased their target price on shares of Mongodb from $79.00 to $105.00 and gave the stock an “overweight” rating in a report on Monday, September 17th. They noted that the move was a valuation call. BTIG Research started coverage on shares of Mongodb in a report on Wednesday, September 12th. They set a “neutral” rating on the stock. Finally, CIBC started coverage on shares of Mongodb in a report on Wednesday, October 17th. They set an “outperform” rating and a $80.00 target price on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $82.31.

MDB opened at $90.58 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 3.41 and a current ratio of 3.41. Mongodb has a 12-month low of $25.16 and a 12-month high of $93.23.

Mongodb (NASDAQ:MDB) last posted its quarterly earnings results on Tuesday, December 4th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.56) by $0.26. The firm had revenue of $65.00 million for the quarter, compared to analysts’ expectations of $60.26 million. Mongodb had a negative net margin of 54.74% and a negative return on equity of 54.80%. The firm’s quarterly revenue was up 56.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.44) earnings per share. On average, analysts predict that Mongodb will post -2.23 earnings per share for the current fiscal year.

In other news, Director Kevin P. Ryan sold 24,000 shares of the company’s stock in a transaction dated Wednesday, December 12th. The shares were sold at an average price of $90.17, for a total transaction of $2,164,080.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas Bull sold 5,069 shares of the company’s stock in a transaction dated Tuesday, October 2nd. The stock was sold at an average price of $75.72, for a total transaction of $383,824.68. The disclosure for this sale can be found here. Insiders have sold 815,304 shares of company stock valued at $66,793,634 in the last 90 days. Insiders own 40.04% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in MDB. FMR LLC grew its position in Mongodb by 106.7% in the 3rd quarter. FMR LLC now owns 4,688,216 shares of the company’s stock valued at $382,324,000 after buying an additional 2,419,731 shares in the last quarter. Whale Rock Capital Management LLC grew its position in Mongodb by 587.8% in the 2nd quarter. Whale Rock Capital Management LLC now owns 3,830,271 shares of the company’s stock valued at $190,096,000 after buying an additional 3,273,409 shares in the last quarter. Vanguard Group Inc grew its position in Mongodb by 3.6% in the 3rd quarter. Vanguard Group Inc now owns 1,683,561 shares of the company’s stock valued at $137,294,000 after buying an additional 58,398 shares in the last quarter. Vanguard Group Inc. grew its position in Mongodb by 3.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,683,561 shares of the company’s stock valued at $137,294,000 after buying an additional 58,398 shares in the last quarter. Finally, Capital World Investors grew its position in Mongodb by 8.1% in the 3rd quarter. Capital World Investors now owns 1,670,188 shares of the company’s stock valued at $136,204,000 after buying an additional 125,000 shares in the last quarter. Institutional investors and hedge funds own 50.44% 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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Analyst Recommendations for Mongodb (NASDAQ:MDB)

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