Mongodb (NASDAQ:MDB) had its price objective raised by analysts at Stifel Nicolaus from $53.00 to $80.00 in a report released on Thursday, September 6th, The Fly reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential downside of 2.43% from the stock’s current price.

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.

Mongodb (NASDAQ:MDB) last released its quarterly earnings data on Wednesday, September 5th. The company reported ($0.41) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.45) by $0.04. The company had revenue of $57.50 million during the quarter, compared to the consensus estimate of $51.75 million. Mongodb had a negative net margin of 57.74% and a negative return on equity of 52.67%. The firm’s revenue for the quarter was up 61.5% on a year-over-year basis. research analysts predict that Mongodb will post -2.24 EPS for the current fiscal year.

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 worth approximately $229,000. BP PLC bought a new position in Mongodb in the 2nd quarter worth approximately $738,000. Finally, D L Carlson Investment Group Inc. bought a new position in Mongodb in the 2nd quarter worth approximately $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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The Fly

Analyst Recommendations for Mongodb (NASDAQ:MDB)

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