MongoDB (NASDAQ:MDB) had its price target raised to $275.00 by analysts at Mizuho

MongoDB (NASDAQ:MDB – Free Report) boosted their target price on Mizuho from $250.00 to $275.00 in a report on Friday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

MDB has been the subject of several other research reports. Robert W. Baird cut their price target on MongoDB from $450.00 to $305.00 and set an outperform rating on the stock in a research report on Friday, May 31st. Canaccord Genuity Group decreased their price objective on shares of MongoDB from $435.00 to $325.00 and set a buy rating on the stock in a research report on Friday, May 31st. Guggenheim raised shares of MongoDB from a sell rating to a neutral rating in a research note on Monday, June 3rd. Morgan Stanley dropped their target price on shares of MongoDB from $455.00 to $320.00 and set an overweight rating for the company in a research note on Friday, May 31st. Finally, Piper Sandler decreased their price objective on shares of MongoDB from $350.00 to $300.00 and set an overweight rating for the company in a research note on Friday, July 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. The company has a consensus rating of Moderate Buy and a consensus price target of $345.52, based on data from MarketBeat.

Check out our latest analysis on MDB

Performance of MongoDB actions

Shares of NASDAQ:MDB opened at $290.79 on Friday. The firm has a fifty day simple moving average of $248.22 and a two hundred day simple moving average of $315.96. MongoDB has a 52-week low of $212.74 and a 52-week high of $509.62. The company has a quick ratio of 4.93, a current ratio of 4.93, and a debt-to-equity ratio of 0.90. The stock has a market cap of $21.33 billion, a P/E ratio of -103.48 and a beta of 1.13.

MongoDB (NASDAQ:MDB – Get Your Free Report ) last released its quarterly 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 company had revenue of $450.56 million during the quarter, compared to analyst estimates of $438.44 million. On average, analysts expect that MongoDB will post -2.67 earnings per share for the current fiscal year.

Transactions inside MongoDB

In other MongoDB news, CRO Cedric Pech sold 273 shares of the stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total transaction of $72,424.17. Following the sale, the director now owns 35,719 shares of the company’s stock, valued at approximately $9,475,893.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. In other MongoDB news, CRO Cedric Pech sold 273 shares of the stock in a transaction dated 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 sale, the director now directly owns 35,719 shares of the company’s stock, valued at $9,475,893.51. The transaction was disclosed in a legal filing with the SEC, which is accessible via this link. Also, CAO Thomas Bull sold 138 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total transaction of $36,610.02. Following the completion of the sale, the chief accounting officer now owns 17,222 shares in the company, valued at $4,568,824.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,179 shares of company stock worth $7,368,989. Company insiders hold 3.60% of the company’s shares.

Institutional trading of MongoDB

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in MongoDB by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 6,842,413 shares of the company’s stock valued at $2,797,521,000 after purchasing an additional 194,148 shares in the last quarter. Atalanta Sosnoff Capital LLC grew its stake in MongoDB by 24.7% in the 4th quarter. Atalanta Sosnoff Capital LLC now owns 54,311 shares of the company’s stock worth $22,205,000 after purchasing an additional 10,753 shares in the last quarter. Fiera Capital Corp boosted its holdings in shares of MongoDB by 0.8% in the fourth quarter. Fiera Capital Corp now owns 224,293 shares of the company’s stock valued at $91,702,000 after acquiring an additional 1,695 shares during the last quarter. Artisan Partners Limited Partnership acquired a new position in shares of MongoDB in the 4th quarter valued at approximately $10,545,000. Finally, Prudential PLC raised its stake in MongoDB by 2.4% in the 4th quarter. Prudential PLC now owns 21,169 shares of the company’s stock worth $8,655,000 after acquiring an additional 489 shares in the the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s shares.

MongoDB Company Profile

(Get a free report)

MongoDB, Inc., together with its subsidiaries, provides a general purpose database platform worldwide. The company offers MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers that can be run in the cloud, on-premises or in a hybrid environment; and Community Server, a free version of the database that includes the functionality developers need to get started with MongoDB.

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