Analysts at Piper Jaffray Companies began coverage on shares of Mongodb (NASDAQ:MDB) in a research report issued to clients and investors on Monday, The Fly reports. The firm set an “overweight” rating on the stock.
Several other research analysts have also commented on the stock. ValuEngine lowered shares of Mongodb from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Compass Point assumed coverage on shares of Mongodb in a research note on Tuesday, August 13th. They issued a “neutral” rating and a $155.00 price target for the company. Stifel Nicolaus lifted their price target on shares of Mongodb from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Barclays reiterated a “buy” rating on shares of Mongodb in a research note on Friday, September 6th. Finally, Monness Crespi & Hardt set a $185.00 price target on shares of Mongodb and gave the stock a “buy” rating in a research note on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $163.00.
Shares of NASDAQ MDB traded up $2.24 during midday trading on Monday, hitting $128.02. The company’s stock had a trading volume of 1,051,800 shares, compared to its average volume of 1,506,500. The business’s fifty day simple moving average is $128.07 and its two-hundred day simple moving average is $142.63. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.82 and a quick ratio of 2.82. Mongodb has a 1 year low of $65.62 and a 1 year high of $184.78. The firm has a market capitalization of $6.89 billion, a price-to-earnings ratio of -74.43 and a beta of 0.08.
Mongodb (NASDAQ:MDB) last posted its quarterly earnings data on Wednesday, September 4th. The company reported ($0.58) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.51) by ($0.07). Mongodb had a negative net margin of 36.58% and a negative return on equity of 43.95%. The business had revenue of $99.40 million during the quarter, compared to analysts’ expectations of $91.70 million. During the same period in the previous year, the business posted ($0.41) EPS. The company’s revenue for the quarter was up 66.8% compared to the same quarter last year. Analysts anticipate that Mongodb will post -2.24 EPS for the current fiscal year.
In other news, Director Charles M. Hazard, Jr. sold 2,017 shares of Mongodb stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $144.44, for a total value of $291,335.48. Following the transaction, the director now directly owns 112,240 shares of the company’s stock, valued at approximately $16,211,945.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Cedric Pech sold 1,924 shares of Mongodb stock in a transaction on Monday, September 16th. The shares were sold at an average price of $130.17, for a total transaction of $250,447.08. Insiders have sold a total of 165,163 shares of company stock valued at $22,175,039 in the last 90 days. Insiders own 40.04% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Concorde Asset Management LLC increased its stake in Mongodb by 1.6% in the 3rd quarter. Concorde Asset Management LLC now owns 6,804 shares of the company’s stock valued at $820,000 after buying an additional 109 shares during the period. Teacher Retirement System of Texas acquired a new position in Mongodb in the 3rd quarter valued at $555,000. CENTRAL TRUST Co increased its stake in Mongodb by 79.4% in the 3rd quarter. CENTRAL TRUST Co now owns 226 shares of the company’s stock valued at $27,000 after buying an additional 100 shares during the period. Railway Pension Investments Ltd increased its stake in Mongodb by 50.0% in the 3rd quarter. Railway Pension Investments Ltd now owns 22,986 shares of the company’s stock valued at $2,769,000 after buying an additional 7,662 shares during the period. Finally, Rhumbline Advisers increased its stake in Mongodb by 63.6% in the 3rd quarter. Rhumbline Advisers now owns 36,567 shares of the company’s stock valued at $4,406,000 after buying an additional 14,222 shares during the period. 71.72% of the stock is currently owned by institutional investors and hedge funds.
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: Trading on Margin
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.