Mongodb (NASDAQ:MDB) Stock Rating Reaffirmed by Monness Crespi & Hardt

Monness Crespi & Hardt reissued their buy rating on shares of Mongodb (NASDAQ:MDB) in a report released on Thursday, June 6th, FinViz reports. The firm currently has a $185.00 price target on the stock, up from their prior price target of $150.00.

A number of other research firms also recently weighed in on MDB. Zacks Investment Research raised Mongodb from a hold rating to a buy rating and set a $117.00 price target on the stock in a research note on Friday, March 15th. Needham & Company LLC reissued a buy rating and issued a $108.00 price target (up previously from $91.00) on shares of Mongodb in a research note on Thursday, February 28th. William Blair began coverage on Mongodb in a research note on Friday, March 22nd. They issued an outperform rating on the stock. Nomura set a $63.00 price target on Mongodb and gave the company a sell rating in a research note on Tuesday, February 26th. Finally, JMP Securities reissued a hold rating on shares of Mongodb in a research note on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. Mongodb currently has a consensus rating of Buy and an average price target of $154.15.

Shares of MDB stock traded down $4.42 during trading hours on Thursday, hitting $147.67. The company had a trading volume of 2,518,551 shares, compared to its average volume of 1,501,422. The company has a market cap of $8.42 billion, a price-to-earnings ratio of -85.85 and a beta of 0.16. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.18 and a quick ratio of 3.18. Mongodb has a 12 month low of $48.33 and a 12 month high of $184.78. The stock’s fifty day moving average is $151.35.

Mongodb (NASDAQ:MDB) last announced its earnings results on Wednesday, June 5th. The company reported ($0.22) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.02. The business had revenue of $89.40 million for the quarter, compared to the consensus estimate of $83.50 million. Mongodb had a negative return on equity of 44.47% and a negative net margin of 39.68%. Mongodb’s revenue was up 78.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.43) EPS. On average, research analysts expect that Mongodb will post -2.07 earnings per share for the current fiscal year.

In other Mongodb news, CRO Cedric Pech sold 29,809 shares of the stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $180.86, for a total transaction of $5,391,255.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Eliot Horowitz sold 21,000 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $165.33, for a total value of $3,471,930.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 167,617 shares of company stock valued at $25,534,651. Corporate insiders own 25.08% of the company’s stock.

Large investors have recently modified their holdings of the stock. Whittier Trust Co. lifted its stake in Mongodb by 7.8% in the 4th quarter. Whittier Trust Co. now owns 35,465 shares of the company’s stock valued at $2,970,000 after purchasing an additional 2,573 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Mongodb by 134.6% during the third quarter. JPMorgan Chase & Co. now owns 218,941 shares of the company’s stock worth $17,855,000 after acquiring an additional 125,608 shares during the last quarter. Oregon Public Employees Retirement Fund acquired a new stake in Mongodb during the fourth quarter worth approximately $33,000. Cookson Peirce & Co. Inc. acquired a new stake in Mongodb during the fourth quarter worth approximately $319,000. Finally, FIL Ltd acquired a new stake in Mongodb during the first quarter worth approximately $82,626,000. Institutional investors and hedge funds own 65.55% of the company’s stock.

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.

Read More: Hold Rating

Analyst Recommendations for Mongodb (NASDAQ:MDB)

Receive News & Ratings for Mongodb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mongodb and related companies with MarketBeat.com's FREE daily email newsletter.