Mongodb (NASDAQ:MDB) had its price objective lifted by Stifel Nicolaus from $95.00 to $130.00 in a report released on Thursday morning, The Fly reports. They currently have a buy rating on the stock.

A number of other research analysts have also recently weighed in on MDB. Zacks Investment Research cut Mongodb from a buy rating to a hold rating in a report on Wednesday, January 30th. KeyCorp lifted their target price on Mongodb from $100.00 to $150.00 and gave the company an overweight rating in a report on Thursday. Canaccord Genuity lifted their target price on Mongodb from $95.00 to $125.00 and gave the company a buy rating in a report on Thursday. DA Davidson reiterated a neutral rating on shares of Mongodb in a report on Thursday. Finally, Monness Crespi & Hardt lifted their target price on Mongodb from $110.00 to $150.00 and gave the company a buy rating in a report on Thursday. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of Buy and an average price target of $107.08.

Shares of NASDAQ:MDB opened at $134.23 on Thursday. The firm has a market capitalization of $7.19 billion, a PE ratio of -77.14 and a beta of 0.01. The company has a quick ratio of 3.41, a current 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.

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

In other Mongodb news, Director Kevin P. Ryan sold 24,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $104.30, for a total transaction of $2,503,200.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Dev Ittycheria sold 20,965 shares of the business’s stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $79.79, for a total value of $1,672,797.35. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 224,607 shares of company stock worth $20,225,910. 40.04% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of MDB. Northern Trust Corp increased its holdings in Mongodb by 184.1% in the 2nd quarter. Northern Trust Corp now owns 55,895 shares of the company’s stock worth $2,774,000 after acquiring an additional 36,223 shares in the last quarter. Private Advisor Group LLC purchased a new stake in Mongodb during the 3rd quarter valued at approximately $216,000. Wells Fargo & Company MN grew its holdings in Mongodb by 1.4% during the 3rd quarter. Wells Fargo & Company MN now owns 739,290 shares of the company’s stock valued at $60,288,000 after buying an additional 10,157 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in Mongodb during the 3rd quarter valued at approximately $252,000. Finally, SG Americas Securities LLC purchased a new stake in Mongodb during the 3rd quarter valued at approximately $423,000. Institutional investors own 64.66% 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.

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Analyst Recommendations for Mongodb (NASDAQ:MDB)

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