MongoDB (NASDAQ:MDB) Given New $320.00 Price Target at Mizuho

MongoDB (NASDAQ:MDB) had its target price upped by Mizuho from $275.00 to $320.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other equities analysts also recently issued reports about the stock. Loop Capital increased their price objective on shares of MongoDB from $315.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Sanford C. Bernstein increased their target price on MongoDB from $358.00 to $360.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Morgan Stanley lifted their price target on MongoDB from $340.00 to $350.00 and gave the company an “overweight” rating in a report on Tuesday. KeyCorp upped their price objective on MongoDB from $330.00 to $375.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Finally, Citigroup lifted their target price on MongoDB from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty 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 an average rating of “Moderate Buy” and an average price target of $370.48.

MongoDB Trading Down 16.9 %

MDB opened at $290.90 on Tuesday. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84. The stock’s fifty day moving average is $291.56 and its two-hundred day moving average is $268.79. The company has a market capitalization of $21.49 billion, a P/E ratio of -96.32 and a beta of 1.17. MongoDB has a 52 week low of $212.74 and a 52 week high of $509.62.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.48. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The firm had revenue of $529.40 million during the quarter, compared to the consensus estimate of $497.39 million. During the same period in the previous year, the company posted $0.96 earnings per share. The firm’s quarterly revenue was up 22.3% on a year-over-year basis. Analysts forecast that MongoDB will post -2.37 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Dwight A. Merriman sold 3,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $323.00, for a total transaction of $969,000.00. Following the completion of the transaction, the director now owns 1,121,006 shares of the company’s stock, valued at $362,084,938. This trade represents a 0.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the company’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $290.31, for a total transaction of $1,451,550.00. Following the completion of the sale, the chief financial officer now directly owns 80,307 shares in the company, valued at approximately $23,313,925.17. The trade was a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,600 shares of company stock valued at $7,255,929. 3.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. MFA Wealth Advisors LLC purchased a new stake in MongoDB in the 2nd quarter worth approximately $25,000. J.Safra Asset Management Corp lifted its stake in shares of MongoDB by 682.4% in the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock valued at $33,000 after purchasing an additional 116 shares during the period. Quarry LP boosted its holdings in MongoDB by 2,580.0% during the second quarter. Quarry LP now owns 134 shares of the company’s stock worth $33,000 after buying an additional 129 shares in the last quarter. Hantz Financial Services Inc. acquired a new stake in MongoDB during the second quarter valued at $35,000. Finally, Brooklyn Investment Group purchased a new position in MongoDB in the third quarter valued at $36,000. 89.29% of the stock is currently 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.