Mongodb (NASDAQ:MDB) had its target price lifted by Barclays to $105.00 in a research note issued on Monday, The Fly reports. The firm presently has an “overweight” rating on the stock. Barclays’ price target would suggest a potential upside of 28.06% from the stock’s current price. The analysts noted that the move was a valuation call.
A number of other equities analysts have also recently weighed in on the company. Needham & Company LLC upped their price target on Mongodb from $43.00 to $52.00 and gave the stock a “buy” rating in a report on Monday, June 4th. Canaccord Genuity upped their price target on Mongodb from $54.00 to $78.00 and gave the stock a “buy” rating in a report on Thursday, September 6th. KeyCorp reaffirmed an “overweight” rating and issued a $88.00 price target (up previously from $62.00) on shares of Mongodb in a report on Thursday, September 6th. Nomura upped their price target on Mongodb and gave the stock a “neutral” rating in a report on Tuesday, June 5th. Finally, Stifel Nicolaus upped their price target on Mongodb from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, June 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. Mongodb has a consensus rating of “Buy” and an average target price of $68.17.
Shares of MDB opened at $81.99 on Monday. Mongodb has a 52 week low of $24.62 and a 52 week high of $85.25. The company has a current ratio of 3.74, a quick ratio of 2.25 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $4.15 billion and a PE ratio of -47.12.
Mongodb (NASDAQ:MDB) last issued its earnings results on Wednesday, September 5th. The company reported ($0.41) EPS for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.04. Mongodb had a negative return on equity of 52.67% and a negative net margin of 57.74%. The firm had revenue of $57.50 million for the quarter, compared to the consensus estimate of $51.75 million. The company’s revenue was up 61.5% compared to the same quarter last year. research analysts predict that Mongodb will post -2.24 EPS for the current fiscal year.
In other Mongodb news, insider Eliot Horowitz sold 9,262 shares of the stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $49.06, for a total transaction of $454,393.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Dev Ittycheria sold 63,600 shares of the stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $84.11, for a total value of $5,349,396.00. The disclosure for this sale can be found here. Insiders have sold 284,139 shares of company stock valued at $21,287,786 in the last three months. Insiders own 40.04% of the company’s stock.
Several large investors have recently bought and sold shares of MDB. Regis Management CO LLC acquired a new stake in shares of Mongodb in the second quarter valued at approximately $148,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Mongodb by 409.4% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 3,301 shares of the company’s stock valued at $164,000 after purchasing an additional 2,653 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new stake in shares of Mongodb in the first quarter valued at approximately $177,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Mongodb by 36.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,050 shares of the company’s stock valued at $201,000 after purchasing an additional 1,075 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. acquired a new stake in shares of Mongodb in the first quarter valued at approximately $217,000. 43.21% of the stock is owned by hedge funds and other institutional investors.
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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