Loop Capital Issues Pessimistic Forecast for MongoDB (NASDAQ:MDB) Stock Price

MongoDB (NASDAQ:MDB) had its price objective decreased by investment analysts at Loop Capital from $400.00 to $350.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Loop Capital’s target price would suggest a potential upside of 37.59% from the stock’s current price.

MDB has been the subject of a number of other reports. Royal Bank of Canada upped their price target on MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Morgan Stanley upped their target price on MongoDB from $340.00 to $350.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Mizuho lifted their price target on MongoDB from $275.00 to $320.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Needham & Company LLC upped their price objective on shares of MongoDB from $335.00 to $415.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Scotiabank reduced their target price on shares of MongoDB from $350.00 to $275.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and an average price target of $361.83.

MongoDB Price Performance

NASDAQ MDB opened at $254.38 on Monday. MongoDB has a 1 year low of $212.74 and a 1 year high of $428.91. The stock’s fifty day moving average price is $263.28 and its 200 day moving average price is $275.36. The company has a market cap of $18.94 billion, a price-to-earnings ratio of -92.84 and a beta of 1.28.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.48. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company had revenue of $529.40 million during the quarter, compared to analysts’ expectations of $497.39 million. During the same quarter in the prior year, the firm posted $0.96 EPS. MongoDB’s quarterly revenue was up 22.3% compared to the same quarter last year. Research analysts expect that MongoDB will post -1.78 earnings per share for the current year.

Insider Activity

In other MongoDB news, CAO Thomas Bull sold 1,000 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $355.92, for a total transaction of $355,920.00. Following the transaction, the chief accounting officer now directly owns 15,068 shares in the company, valued at $5,363,002.56. This represents a 6.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Cedric Pech sold 287 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $67,183.83. Following the completion of the sale, the insider now directly owns 24,390 shares of the company’s stock, valued at $5,709,455.10. The trade was a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 47,314 shares of company stock worth $12,525,863 over the last ninety days. Corporate insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Strategic Investment Solutions Inc. IL acquired a new stake in MongoDB during the fourth quarter worth about $29,000. Hilltop National Bank grew its holdings in shares of MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after purchasing an additional 42 shares during the last quarter. NCP Inc. acquired a new stake in shares of MongoDB during the 4th quarter worth approximately $35,000. Brooklyn Investment Group bought a new stake in shares of MongoDB in the 3rd quarter worth approximately $36,000. Finally, Continuum Advisory LLC boosted its position in MongoDB by 621.1% during the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after purchasing an additional 118 shares during the period. 89.29% of the stock is currently owned by 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.