MongoDB’s (MDB) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of MongoDB (NASDAQ:MDBFree Report) in a research report released on Tuesday morning, Benzinga reports. Needham & Company LLC currently has a $465.00 target price on the stock.

Several other research analysts have also issued reports on MDB. UBS Group reaffirmed a neutral rating and issued a $410.00 target price (down previously from $475.00) on shares of MongoDB in a research note on Thursday, January 4th. Redburn Atlantic reaffirmed a sell rating and issued a $295.00 target price (down previously from $410.00) on shares of MongoDB in a research note on Tuesday, March 19th. KeyCorp raised their target price on shares of MongoDB from $500.00 to $543.00 and gave the company an overweight rating in a research note on Wednesday, February 14th. Stifel Nicolaus reissued a buy rating and set a $435.00 price objective on shares of MongoDB in a research note on Thursday, March 14th. Finally, Guggenheim lifted their price objective on shares of MongoDB from $250.00 to $272.00 and gave the stock a sell rating in a research note on Monday, March 4th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $448.74.

Check Out Our Latest Stock Report on MongoDB

MongoDB Trading Down 1.1 %

MDB opened at $352.06 on Tuesday. The stock has a market capitalization of $25.64 billion, a PE ratio of -141.96 and a beta of 1.19. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 1.07. MongoDB has a 1-year low of $212.52 and a 1-year high of $509.62. The firm has a 50-day moving average price of $404.71 and a two-hundred day moving average price of $389.71.

MongoDB (NASDAQ:MDBGet Free Report) last issued its earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by ($0.32). The business had revenue of $458.00 million during the quarter, compared to the consensus estimate of $431.99 million. MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. As a group, equities analysts anticipate that MongoDB will post -2.53 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Dwight A. Merriman sold 4,000 shares of the business’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $341.12, for a total transaction of $1,364,480.00. Following the transaction, the director now directly owns 1,156,784 shares in the company, valued at $394,602,158.08. The sale was disclosed in a filing with the SEC, which is available through this link. In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $420.00, for a total transaction of $420,000.00. Following the completion of the transaction, the director now directly owns 528,896 shares of the company’s stock, valued at $222,136,320. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Dwight A. Merriman sold 4,000 shares of MongoDB stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $341.12, for a total transaction of $1,364,480.00. Following the transaction, the director now directly owns 1,156,784 shares of the company’s stock, valued at $394,602,158.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 94,050 shares of company stock worth $36,856,111. Insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On MongoDB

A number of institutional investors have recently modified their holdings of the business. Quadrant Capital Group LLC boosted its position in shares of MongoDB by 5.6% in the fourth quarter. Quadrant Capital Group LLC now owns 412 shares of the company’s stock valued at $168,000 after acquiring an additional 22 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of MongoDB by 12.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 226 shares of the company’s stock valued at $92,000 after acquiring an additional 25 shares during the period. Insigneo Advisory Services LLC boosted its position in shares of MongoDB by 2.9% in the third quarter. Insigneo Advisory Services LLC now owns 1,070 shares of the company’s stock valued at $370,000 after acquiring an additional 30 shares during the period. Yousif Capital Management LLC boosted its position in shares of MongoDB by 3.9% in the fourth quarter. Yousif Capital Management LLC now owns 792 shares of the company’s stock valued at $324,000 after acquiring an additional 30 shares during the period. Finally, Valley National Advisers Inc. boosted its position in shares of MongoDB by 5.9% in the fourth quarter. Valley National Advisers Inc. now owns 597 shares of the company’s stock valued at $244,000 after acquiring an additional 33 shares during the period. Institutional investors own 89.29% of the company’s stock.

MongoDB Company Profile

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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.

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Analyst Recommendations for MongoDB (NASDAQ:MDB)

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