MongoDB’s (MDB) “Buy” Rating Reiterated at Stifel Nicolaus

MongoDB (NASDAQ:MDB)‘s stock had its “buy” rating reaffirmed by equities research analysts at Stifel Nicolaus in a research report issued on Thursday, Benzinga reports. They presently have a $435.00 price target on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 22.06% from the company’s current price.

Other equities research analysts have also issued reports about the stock. UBS Group reaffirmed a “neutral” rating and issued a $410.00 price target (down from $475.00) on shares of MongoDB in a report on Thursday, January 4th. Royal Bank of Canada upped their price target on shares of MongoDB from $445.00 to $475.00 and gave the company an “outperform” rating in a report on Wednesday, December 6th. Needham & Company LLC reaffirmed a “buy” rating and issued a $495.00 price target on shares of MongoDB in a report on Wednesday, January 17th. Guggenheim upped their price target on shares of MongoDB from $250.00 to $272.00 and gave the company a “sell” rating in a report on Monday, March 4th. Finally, Citigroup upped their price target on shares of MongoDB from $515.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $455.62.

MongoDB Stock Performance

Shares of NASDAQ MDB traded up $0.93 during mid-day trading on Thursday, hitting $356.37. The stock had a trading volume of 1,048,514 shares, compared to its average volume of 1,481,553. The company has a debt-to-equity ratio of 1.18, a quick ratio of 4.74 and a current ratio of 4.74. The company has a 50 day moving average of $421.71 and a two-hundred day moving average of $392.02. MongoDB has a twelve month low of $198.72 and a twelve month high of $509.62. The firm has a market cap of $25.72 billion, a PE ratio of -143.46 and a beta of 1.24.

Insider Transactions at MongoDB

In other MongoDB news, CAO Thomas Bull sold 359 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $404.38, for a total value of $145,172.42. Following the sale, the chief accounting officer now owns 16,313 shares of the company’s stock, valued at $6,596,650.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Michael Lawrence Gordon sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $469.84, for a total transaction of $4,698,400.00. Following the completion of the transaction, the chief financial officer now owns 70,985 shares of the company’s stock, valued at $33,351,592.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Thomas Bull sold 359 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $404.38, for a total transaction of $145,172.42. Following the transaction, the chief accounting officer now directly owns 16,313 shares of the company’s stock, valued at approximately $6,596,650.94. The disclosure for this sale can be found here. Insiders have sold a total of 54,607 shares of company stock worth $23,116,062 over the last ninety days. 4.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MongoDB

Large investors have recently made changes to their positions in the business. Transcendent Capital Group LLC bought a new position in MongoDB during the 4th quarter valued at $25,000. KB Financial Partners LLC bought a new position in shares of MongoDB in the 2nd quarter worth about $27,000. Bessemer Group Inc. acquired a new stake in shares of MongoDB in the 4th quarter worth about $29,000. BluePath Capital Management LLC acquired a new position in MongoDB during the 3rd quarter valued at about $30,000. Finally, Blue Trust Inc. increased its stake in MongoDB by 937.5% during the 4th 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. Institutional investors and hedge funds own 88.89% of the company’s stock.

About MongoDB

MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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.