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.
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.
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.
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