Mongodb (MDB) Price Target Raised to $116.00 at Citigroup

Share on StockTwits

Mongodb (NASDAQ:MDB) had its target price raised by Citigroup from $94.00 to $116.00 in a report issued on Thursday morning. The brokerage currently has a neutral rating on the stock.

A number of other brokerages have also commented on MDB. Canaccord Genuity increased their price target on shares of Mongodb from $95.00 to $125.00 and gave the stock a buy rating in a report on Thursday. Needham & Company LLC upped their price objective on shares of Mongodb from $85.00 to $91.00 and gave the company a buy rating in a research note on Thursday, December 6th. DA Davidson reissued a neutral rating on shares of Mongodb in a research report on Thursday. JMP Securities reissued a hold rating on shares of Mongodb in a research report on Wednesday. Finally, Zacks Investment Research upgraded shares of Mongodb from a hold rating to a buy rating and set a $108.00 price objective for the company in a report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $107.08.

Shares of NASDAQ:MDB traded up $3.05 during trading on Thursday, reaching $133.99. The company had a trading volume of 52,035 shares, compared to its average volume of 1,363,871. The firm has a market capitalization of $5.62 billion, a price-to-earnings ratio of -77.27 and a beta of 0.01. Mongodb has a 12 month low of $32.35 and a 12 month high of $134.40. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.41 and a quick ratio of 3.41.

Mongodb (NASDAQ:MDB) last issued its quarterly earnings results on Wednesday, March 13th. The company reported ($0.36) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.56) by $0.20. The firm had revenue of $83.10 million for the quarter, compared to analyst estimates of $74.02 million. Mongodb had a negative net margin of 54.74% and a negative return on equity of 54.80%. The business’s revenue for the quarter was up 84.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.40) EPS. As a group, equities research analysts expect that Mongodb will post -2.23 EPS for the current year.

In related news, insider Eliot Horowitz sold 7,100 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $101.60, for a total value of $721,360.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kevin P. Ryan sold 24,000 shares of the stock in a transaction that occurred on Thursday, January 17th. The stock was sold at an average price of $75.00, for a total transaction of $1,800,000.00. The disclosure for this sale can be found here. Insiders sold 224,607 shares of company stock valued at $20,225,910 over the last quarter. 40.04% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of MDB. Pearl River Capital LLC purchased a new stake in Mongodb in the 4th quarter worth approximately $25,000. Quantamental Technologies LLC purchased a new position in shares of Mongodb during the 4th quarter valued at approximately $33,000. Oregon Public Employees Retirement Fund purchased a new position in shares of Mongodb during the 4th quarter valued at approximately $33,000. PNC Financial Services Group Inc. purchased a new position in shares of Mongodb during the 4th quarter valued at approximately $34,000. Finally, TCI Wealth Advisors Inc. lifted its position in shares of Mongodb by 17,133.3% during the 4th quarter. TCI Wealth Advisors Inc. now owns 517 shares of the company’s stock valued at $43,000 after buying an additional 514 shares in the last quarter. Institutional investors own 64.66% of the company’s stock.

About Mongodb

MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

Further Reading: What Are Treasury Bonds?

Analyst Recommendations for Mongodb (NASDAQ:MDB)

Receive News & Ratings for Mongodb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mongodb and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Endava PLC –  Receives $29.40 Average PT from Brokerages
Endava PLC – Receives $29.40 Average PT from Brokerages
Mossland Tops One Day Volume of $23,144.00
Mossland Tops One Day Volume of $23,144.00
Keybank National Association OH Buys 733 Shares of Newmont Goldcorp Corp
Keybank National Association OH Buys 733 Shares of Newmont Goldcorp Corp
New York State Common Retirement Fund Sells 71,467 Shares of Lamb Weston Holdings Inc
New York State Common Retirement Fund Sells 71,467 Shares of Lamb Weston Holdings Inc
Keybank National Association OH Buys Shares of 55,192 Huntsman Co.
Keybank National Association OH Buys Shares of 55,192 Huntsman Co.
Greenleaf Trust Decreases Stake in Xylem Inc
Greenleaf Trust Decreases Stake in Xylem Inc


© 2006-2019 Ticker Report