MongoDB (NASDAQ:MDB) Upgraded at Monness Crespi & Hardt

Monness Crespi & Hardt upgraded shares of MongoDB (NASDAQ:MDB) from a sell rating to a neutral rating in a research report sent to investors on Monday, Marketbeat Ratings reports.

Several other equities research analysts also recently commented on the stock. Oppenheimer lifted their price objective on shares of MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Royal Bank of Canada lifted their price objective on shares of MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. China Renaissance assumed coverage on shares of MongoDB in a research note on Tuesday, January 21st. They set a “buy” rating and a $351.00 price objective for the company. Rosenblatt Securities assumed coverage on shares of MongoDB in a research note on Tuesday, December 17th. They set a “buy” rating and a $350.00 price objective for the company. Finally, KeyCorp lifted their price objective on shares of MongoDB from $330.00 to $375.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $361.83.

MongoDB Stock Up 3.8 %

Shares of MDB opened at $264.13 on Monday. The company has a market cap of $19.67 billion, a price-to-earnings ratio of -96.40 and a beta of 1.30. MongoDB has a twelve month low of $212.74 and a twelve month high of $424.00. The company has a 50 day moving average of $263.70 and a two-hundred day moving average of $275.28.

MongoDB (NASDAQ:MDB) last announced its earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.48. The company had revenue of $529.40 million during the quarter, compared to the consensus estimate of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. MongoDB’s revenue was up 22.3% compared to the same quarter last year. During the same period last year, the firm earned $0.96 earnings per share. On average, sell-side analysts expect that MongoDB will post -1.78 EPS for the current year.

Insider Transactions at MongoDB

In related news, Director Dwight A. Merriman sold 3,000 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $270.63, for a total transaction of $811,890.00. Following the transaction, the director now directly owns 1,109,006 shares in the company, valued at approximately $300,130,293.78. The trade was a 0.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Dev Ittycheria sold 8,335 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $267.48, for a total transaction of $2,229,445.80. Following the transaction, the chief executive officer now owns 217,294 shares in the company, valued at $58,121,799.12. The trade was a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,314 shares of company stock valued at $13,337,753 over the last 90 days. Corporate insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On MongoDB

A number of institutional investors and hedge funds have recently bought and sold shares of MDB. OneDigital Investment Advisors LLC boosted its holdings in MongoDB by 3.9% in the 4th quarter. OneDigital Investment Advisors LLC now owns 1,044 shares of the company’s stock valued at $243,000 after purchasing an additional 39 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in MongoDB by 3.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company’s stock valued at $295,000 after purchasing an additional 40 shares during the last quarter. Hilltop National Bank boosted its holdings in MongoDB by 47.2% in the 4th 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. Avestar Capital LLC boosted its holdings in MongoDB by 2.0% in the 4th quarter. Avestar Capital LLC now owns 2,165 shares of the company’s stock valued at $504,000 after purchasing an additional 42 shares during the last quarter. Finally, Rakuten Securities Inc. boosted its holdings in MongoDB by 16.5% in the 3rd quarter. Rakuten Securities Inc. now owns 332 shares of the company’s stock valued at $90,000 after purchasing an additional 47 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

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.