MongoDB (NASDAQ:MDB) Price Target Raised to $360.00 at Sanford C. Bernstein

MongoDB (NASDAQ:MDB) had its price target hoisted by Sanford C. Bernstein from $358.00 to $360.00 in a report issued on Friday morning, Benzinga reports. They currently have an outperform rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Barclays dropped their target price on MongoDB from $458.00 to $290.00 and set an overweight rating on the stock in a report on Friday, May 31st. JMP Securities restated a market outperform rating and issued a $380.00 price target on shares of MongoDB in a research report on Friday. Mizuho lifted their price target on shares of MongoDB from $250.00 to $275.00 and gave the stock a neutral rating in a research report on Friday. Truist Financial lifted their price objective on shares of MongoDB from $300.00 to $320.00 and gave the stock a buy rating in a research report on Friday. Finally, Tigress Financial lowered their price objective on shares of MongoDB from $500.00 to $400.00 and set a buy rating on the stock in a research report on Thursday, July 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $345.52.

MongoDB Stock Performance

MDB opened at $290.79 on Friday. MongoDB has a twelve month low of $212.74 and a twelve month high of $509.62. The stock has a market cap of $21.33 billion, a PE ratio of -103.48 and a beta of 1.13. The business’s 50 day moving average is $248.22 and its 200-day moving average is $315.96. The company has a current ratio of 4.93, a quick ratio of 4.93 and a debt-to-equity ratio of 0.90.

MongoDB (NASDAQ:MDB) last announced its earnings results on Thursday, May 30th. The company reported ($0.80) EPS for the quarter, hitting the consensus estimate of ($0.80). MongoDB had a negative return on equity of 14.88% and a negative net margin of 11.50%. The firm had revenue of $450.56 million for the quarter, compared to analysts’ expectations of $438.44 million. On average, analysts predict that MongoDB will post -2.67 earnings per share for the current year.

Insider Activity at MongoDB

In related news, Director John Dennis Mcmahon sold 10,000 shares of MongoDB stock in a transaction on Monday, June 24th. The shares were sold at an average price of $228.00, for a total value of $2,280,000.00. Following the completion of the sale, the director now owns 20,020 shares of the company’s stock, valued at approximately $4,564,560. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other MongoDB news, CRO Cedric Pech sold 273 shares of the business’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total transaction of $72,424.17. Following the completion of the transaction, the executive now owns 35,719 shares of the company’s stock, valued at approximately $9,475,893.51. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John Dennis Mcmahon sold 10,000 shares of the business’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $228.00, for a total transaction of $2,280,000.00. Following the transaction, the director now directly owns 20,020 shares of the company’s stock, valued at approximately $4,564,560. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,179 shares of company stock valued at $7,368,989. Insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MDB. International Assets Investment Management LLC lifted its position in MongoDB by 31,796.1% during the 4th quarter. International Assets Investment Management LLC now owns 89,947 shares of the company’s stock worth $36,775,000 after acquiring an additional 89,665 shares during the last quarter. GAMMA Investing LLC acquired a new position in MongoDB during the 4th quarter worth $50,000. Yousif Capital Management LLC increased its holdings in shares of MongoDB by 3.9% during the 4th quarter. Yousif Capital Management LLC now owns 792 shares of the company’s stock worth $324,000 after purchasing an additional 30 shares during the period. Truist Financial Corp increased its holdings in shares of MongoDB by 14.2% during the 4th quarter. Truist Financial Corp now owns 13,879 shares of the company’s stock worth $5,674,000 after purchasing an additional 1,724 shares during the period. Finally, Van ECK Associates Corp bought a new position in shares of MongoDB during the 4th quarter worth about $319,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

About MongoDB

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.