MongoDB (NASDAQ:MDB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of MongoDB (NASDAQ:MDB) from a hold rating to a buy rating in a research report report published on Saturday.

Several other analysts also recently weighed in on MDB. Canaccord Genuity Group boosted their target price on MongoDB from $320.00 to $340.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Cantor Fitzgerald upped their price objective on MongoDB from $312.00 to $406.00 and gave the stock an “overweight” rating in a report on Thursday, September 18th. Zacks Research raised MongoDB to a “hold” rating in a research note on Friday, August 8th. Truist Financial upped their target price on shares of MongoDB from $330.00 to $375.00 and gave the company a “buy” rating in a report on Thursday, September 18th. Finally, Monness Crespi & Hardt lifted their price objective on MongoDB from $295.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, August 27th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $336.83.

MongoDB Stock Performance

Shares of NASDAQ MDB opened at $323.59 on Friday. The firm has a market capitalization of $26.33 billion, a PE ratio of -330.19 and a beta of 1.49. MongoDB has a fifty-two week low of $140.78 and a fifty-two week high of $370.00. The stock’s 50-day simple moving average is $260.02 and its 200-day simple moving average is $212.85.

Insider Buying and Selling at MongoDB

In related news, CAO Thomas Bull sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $326.25, for a total value of $326,250.00. Following the sale, the chief accounting officer owned 11,598 shares of the company’s stock, valued at approximately $3,783,847.50. This trade represents a 7.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Charles M. Hazard, Jr. sold 166 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $310.00, for a total transaction of $51,460.00. Following the completion of the sale, the director directly owned 14,493 shares in the company, valued at approximately $4,492,830. This trade represents a 1.13% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 59,730 shares of company stock worth $16,441,331. Corporate insiders own 3.10% of the company’s stock.

Institutional Trading of MongoDB

A number of hedge funds have recently bought and sold shares of MDB. Two Sigma Advisers LP purchased a new stake in shares of MongoDB in the 4th quarter valued at approximately $6,519,000. Two Sigma Investments LP purchased a new position in MongoDB in the fourth quarter valued at about $768,000. Vident Advisory LLC grew its stake in shares of MongoDB by 25.9% in the 4th quarter. Vident Advisory LLC now owns 1,851 shares of the company’s stock valued at $431,000 after buying an additional 381 shares in the last quarter. Woodline Partners LP bought a new stake in MongoDB in the fourth quarter worth approximately $247,000. Finally, GF Fund Management CO. LTD. acquired a new position in MongoDB during the fourth quarter worth $3,259,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Company Profile

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.