Nomura set a $76.00 target price on Mongodb (NASDAQ:MDB) in a research note published on Wednesday, TipRanks reports. The firm currently has a sell rating on the stock.

A number of other equities research analysts have also recently issued reports on MDB. Morgan Stanley set a $156.00 target price on Mongodb and gave the company a hold rating in a research note on Friday, June 7th. DA Davidson raised their target price on Mongodb to $165.00 in a research note on Wednesday. William Blair reiterated an outperform rating on shares of Mongodb in a research note on Wednesday. Oppenheimer raised their target price on Mongodb from $160.00 to $180.00 and gave the company an outperform rating in a research note on Wednesday. Finally, Canaccord Genuity raised their target price on Mongodb from $160.00 to $185.00 and gave the company a buy rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $154.15.

MDB traded down $0.27 during trading hours on Wednesday, hitting $173.74. 1,086,135 shares of the stock were exchanged, compared to its average volume of 1,645,511. Mongodb has a 12 month low of $47.69 and a 12 month high of $184.78. The stock has a market capitalization of $9.20 billion, a PE ratio of -101.01 and a beta of 0.19. 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 (NASDAQ:MDB) last announced its quarterly earnings data on Wednesday, June 5th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.02. Mongodb had a negative return on equity of 44.47% and a negative net margin of 39.68%. The firm had revenue of $89.40 million for the quarter, compared to analysts’ expectations of $83.50 million. During the same period last year, the business posted ($0.43) earnings per share. The firm’s revenue for the quarter was up 78.3% on a year-over-year basis. As a group, research analysts anticipate that Mongodb will post -2.07 earnings per share for the current fiscal year.

In related news, CRO Cedric Pech sold 29,809 shares of Mongodb stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $180.86, for a total transaction of $5,391,255.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Thomas Bull sold 213 shares of Mongodb stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $146.75, for a total transaction of $31,257.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 169,634 shares of company stock worth $25,834,679. Company insiders own 40.04% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Creative Planning bought a new position in Mongodb during the 4th quarter valued at about $202,000. Cambridge Investment Research Advisors Inc. grew its stake in Mongodb by 4.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 3,215 shares of the company’s stock worth $269,000 after acquiring an additional 124 shares in the last quarter. Oregon Public Employees Retirement Fund bought a new position in Mongodb in the 4th quarter worth about $33,000. Whittier Trust Co. of Nevada Inc. grew its stake in Mongodb by 11.3% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 4,218 shares of the company’s stock worth $353,000 after acquiring an additional 427 shares in the last quarter. Finally, First Trust Advisors LP bought a new position in Mongodb in the 4th quarter worth about $3,751,000. Institutional investors and hedge funds own 65.95% of the company’s stock.

About Mongodb

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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