Mongodb’s (NASDAQ:MDB) “Overweight” Rating Reiterated at KeyCorp
KeyCorp reaffirmed their overweight rating on shares of Mongodb (NASDAQ:MDB) in a research note issued to investors on Thursday, September 6th, Marketbeat Ratings reports. The firm currently has a $88.00 price target on the stock, up from their previous price target of $62.00.
MDB has been the topic of a number of other research reports. Morgan Stanley lifted their target price on shares of Mongodb from $41.00 to $66.00 and gave the stock an equal weight rating in a research report on Thursday, August 30th. Needham & Company LLC upped their target price on shares of Mongodb from $57.00 to $85.00 and gave the stock a buy rating in a research report on Tuesday, September 4th. Nomura upped their target price on shares of Mongodb and gave the stock a neutral rating in a research report on Tuesday, June 5th. Zacks Investment Research lowered shares of Mongodb from a hold rating to a sell rating in a research report on Sunday, July 15th. Finally, Rosenblatt Securities began coverage on shares of Mongodb in a research report on Monday, July 9th. They set a buy rating for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $66.00.
Shares of Mongodb stock traded up $0.79 on Thursday, reaching $81.99. 667,698 shares of the company traded hands, compared to its average volume of 911,930. Mongodb has a 52 week low of $24.62 and a 52 week high of $85.25. The company has a debt-to-equity ratio of 1.01, a current ratio of 3.74 and a quick ratio of 2.25.
In related news, insider Eliot Horowitz sold 9,262 shares of the company’s stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $49.06, for a total transaction of $454,393.72. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Michael Lawrence Gordon sold 100,000 shares of the company’s stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $83.77, for a total transaction of $8,377,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 390,639 shares of company stock valued at $27,541,466. 40.04% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG boosted its holdings in Mongodb by 267.4% in the 1st quarter. UBS Group AG now owns 5,052 shares of the company’s stock worth $219,000 after buying an additional 3,677 shares during the period. Northern Trust Corp boosted its holdings in Mongodb by 26.0% in the 1st quarter. Northern Trust Corp now owns 19,672 shares of the company’s stock worth $854,000 after buying an additional 4,060 shares during the period. Tower Bridge Advisors bought a new position in Mongodb in the 2nd quarter valued at $229,000. BP PLC bought a new position in Mongodb in the 2nd quarter valued at $738,000. Finally, D L Carlson Investment Group Inc. bought a new position in Mongodb in the 2nd quarter valued at $4,348,000. 43.21% of the stock is currently owned by institutional investors.
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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