Several brokerages have updated their recommendations and price targets on shares of Mongodb (NASDAQ: MDB) in the last few weeks:

  • 9/17/2018 – Mongodb had its price target raised by analysts at Barclays PLC from $79.00 to $105.00. They now have an “overweight” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 9/12/2018 – Mongodb was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “MongoDB, Inc. provides general purpose database platform. Its products include MongoDB Enterprise Advanced, MongoDB Enterprise for OEM, MongoDB Professional, MongoDB Stitch, MongoDB Atlas, Development Support, Ops Manager, Cloud Manager, Compass, Connector for business intelligence, and Connector for Spark. The company serves financial services, government, healthcare, media and entertainment, retail, technology and telecommunications industries. MongoDB, Inc. is headquartered in New York. “
  • 9/12/2018 – Mongodb is now covered by analysts at BTIG Research. They set a “neutral” rating on the stock.
  • 9/11/2018 – Mongodb had its price target raised by analysts at Citigroup Inc from $56.00 to $86.00. They now have a “neutral” rating on the stock.
  • 9/6/2018 – Mongodb had its “overweight” rating reaffirmed by analysts at Barclays PLC. They now have a $79.00 price target on the stock, up previously from $72.00.
  • 9/6/2018 – Mongodb had its “overweight” rating reaffirmed by analysts at KeyCorp. They now have a $88.00 price target on the stock, up previously from $62.00.
  • 9/6/2018 – Mongodb had its price target raised by analysts at Nomura from $40.00 to $43.00. They now have a “neutral” rating on the stock.
  • 9/6/2018 – Mongodb had its price target raised by analysts at Monness Crespi & Hardt from $60.00 to $90.00. They now have a “buy” rating on the stock.
  • 9/6/2018 – Mongodb had its price target raised by analysts at Canaccord Genuity from $54.00 to $78.00. They now have a “buy” rating on the stock.
  • 9/6/2018 – Mongodb had its price target raised by analysts at Stifel Nicolaus from $53.00 to $80.00. They now have a “buy” rating on the stock.
  • 9/4/2018 – Mongodb had its price target raised by analysts at Needham & Company LLC from $57.00 to $85.00. They now have a “buy” rating on the stock.
  • 8/30/2018 – Mongodb had its price target raised by analysts at Morgan Stanley from $41.00 to $66.00. They now have an “equal weight” rating on the stock.
  • 8/15/2018 – Mongodb had its price target raised by analysts at Barclays PLC from $57.00 to $72.00. They now have an “overweight” rating on the stock.

Shares of MDB stock traded up $1.76 during trading on Tuesday, hitting $84.01. The company had a trading volume of 810,500 shares, compared to its average volume of 741,646. The company has a current ratio of 3.74, a quick ratio of 3.74 and a debt-to-equity ratio of 1.01. The stock has a market cap of $4.25 billion and a price-to-earnings ratio of -48.28. Mongodb Inc has a 52 week low of $24.62 and a 52 week high of $85.25.

Mongodb (NASDAQ:MDB) last posted its quarterly earnings data on Wednesday, September 5th. The company reported ($0.41) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.45) by $0.04. The company had revenue of $57.50 million for the quarter, compared to analysts’ expectations of $51.75 million. Mongodb had a negative net margin of 57.74% and a negative return on equity of 52.67%. Mongodb’s revenue for the quarter was up 61.5% on a year-over-year basis. sell-side analysts forecast that Mongodb Inc will post -2.24 EPS for the current fiscal year.

In other Mongodb news, CFO Michael Lawrence Gordon sold 721 shares of the stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $49.40, for a total transaction of $35,617.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Dev Ittycheria sold 63,600 shares of the stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $84.11, for a total transaction of $5,349,396.00. The disclosure for this sale can be found here. Insiders have sold 300,139 shares of company stock worth $22,770,746 over the last quarter. Company insiders own 40.04% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Regis Management CO LLC bought a new position in Mongodb during the second quarter valued at approximately $148,000. Whittier Trust Co. of Nevada Inc. grew its position in Mongodb by 409.4% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 3,301 shares of the company’s stock valued at $164,000 after acquiring an additional 2,653 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in Mongodb by 36.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,050 shares of the company’s stock valued at $201,000 after acquiring an additional 1,075 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new stake in shares of Mongodb during the first quarter valued at approximately $177,000. Finally, Tower Bridge Advisors purchased a new stake in shares of Mongodb during the second quarter valued at approximately $229,000. Institutional investors and hedge funds own 41.90% of the company’s stock.

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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