Mongodb (NASDAQ:MDB) had its price target increased by Canaccord Genuity from $95.00 to $125.00 in a research note issued to investors on Thursday, Marketbeat Ratings reports. They currently have a buy rating on the stock.

A number of other brokerages also recently issued reports on MDB. Zacks Investment Research downgraded shares of Mongodb from a buy rating to a hold rating in a research report on Saturday, January 19th. KeyCorp boosted their price objective on shares of Mongodb from $100.00 to $150.00 and gave the company an overweight rating in a research report on Thursday. Nomura set a $63.00 price objective on shares of Mongodb and gave the company a sell rating in a research report on Tuesday, February 26th. Finally, Monness Crespi & Hardt boosted their price objective on shares of Mongodb from $90.00 to $110.00 and gave the company a buy rating in a research report on Thursday, December 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Mongodb currently has an average rating of Buy and a consensus price target of $107.08.

Shares of NASDAQ MDB opened at $134.23 on Thursday. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 1.08. Mongodb has a 52 week low of $32.35 and a 52 week high of $134.78. The firm has a market capitalization of $7.19 billion, a P/E ratio of -77.14 and a beta of 0.01.

Mongodb (NASDAQ:MDB) last issued its earnings results on Wednesday, March 13th. The company reported ($0.36) EPS for the quarter, topping the consensus estimate of ($0.56) by $0.20. Mongodb had a negative net margin of 54.74% and a negative return on equity of 54.80%. The company had revenue of $83.10 million for the quarter, compared to the consensus estimate of $74.02 million. During the same period in the previous year, the firm earned ($0.40) earnings per share. The firm’s revenue for the quarter was up 84.7% on a year-over-year basis. On average, analysts anticipate that Mongodb will post -2.23 earnings per share for the current fiscal year.

In other news, Director Kevin P. Ryan sold 24,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $104.30, for a total value of $2,503,200.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Meagen Eisenberg sold 50,625 shares of the company’s stock in a transaction dated Wednesday, December 19th. The stock was sold at an average price of $88.06, for a total transaction of $4,458,037.50. The disclosure for this sale can be found here. Insiders sold a total of 224,607 shares of company stock worth $20,225,910 over the last ninety days. Insiders own 40.04% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund bought a new position in Mongodb in the 4th quarter worth about $33,000. FMR LLC boosted its stake in Mongodb by 106.7% in the 3rd quarter. FMR LLC now owns 4,688,216 shares of the company’s stock worth $382,324,000 after purchasing an additional 2,419,731 shares in the last quarter. American Century Companies Inc. bought a new position in Mongodb in the 4th quarter worth about $64,633,000. SQN Investors LP bought a new position in Mongodb in the 3rd quarter worth about $49,302,000. Finally, Morgan Stanley boosted its stake in Mongodb by 1,628.8% in the 3rd quarter. Morgan Stanley now owns 599,856 shares of the company’s stock worth $48,918,000 after purchasing an additional 565,159 shares in the last quarter. 64.66% of the stock is currently owned by hedge funds and other 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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Analyst Recommendations for Mongodb (NASDAQ:MDB)

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