Mongodb (NASDAQ:MDB) had its target price cut by research analysts at Morgan Stanley from $33.00 to $32.00 in a note issued to investors on Tuesday, January 30th. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s target price points to a potential upside of 6.21% from the company’s current price.
Other equities research analysts also recently issued reports about the company. Goldman Sachs Group began coverage on Mongodb in a report on Monday, November 13th. They issued a “neutral” rating and a $30.00 price target for the company. Canaccord Genuity started coverage on Mongodb in a research report on Monday, November 13th. They set a “buy” rating and a $35.00 price objective for the company. JMP Securities started coverage on Mongodb in a research report on Monday, November 13th. They set a “market perform” rating for the company. Barclays started coverage on Mongodb in a research report on Monday, November 13th. They issued an “overweight” rating and a $38.00 price objective for the company. Finally, Zacks Investment Research raised Mongodb from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. Mongodb presently has a consensus rating of “Hold” and an average price target of $33.33.
Shares of Mongodb (NASDAQ:MDB) opened at $30.13 on Tuesday. Mongodb has a 52-week low of $24.62 and a 52-week high of $34.00.
Mongodb (NASDAQ:MDB) last released its quarterly earnings data on Tuesday, December 12th. The company reported ($1.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.90). The company had revenue of $41.50 million during the quarter, compared to analyst estimates of $37.21 million. The firm’s quarterly revenue was up 57.8% on a year-over-year basis. sell-side analysts anticipate that Mongodb will post -1.9 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in MDB. Gilder Gagnon Howe & Co. LLC acquired a new stake in shares of Mongodb during the 4th quarter valued at $37,571,000. CI Investments Inc. acquired a new stake in shares of Mongodb during the 4th quarter valued at $2,226,000. Thompson Davis & CO. Inc. acquired a new position in Mongodb during the 4th quarter worth about $103,000. Essex Investment Management Co. LLC acquired a new position in Mongodb during the 4th quarter worth about $2,127,000. Finally, Brighton Jones LLC acquired a new position in Mongodb during the 4th quarter worth about $214,000. 3.18% of the stock is currently owned by institutional investors.
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Mongodb Company Profile
MongoDB, Inc is a modern, general purpose database platform. Its platform is designed to run applications at scale across a broad range of use cases in the cloud, on-premise or in a hybrid environment. Its primary subscription package is MongoDB Enterprise Advanced, which includes its proprietary database server, security, enterprise management capabilities, its graphical user interface, analytics integrations and technical support.
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