MongoDB (NASDAQ:MDB) Given New $430.00 Price Target at Tigress Financial

MongoDB (NASDAQ:MDB) had its price objective lifted by Tigress Financial from $400.00 to $430.00 in a research report released on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

MDB has been the topic of several other reports. Oppenheimer increased their price objective on shares of MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. The Goldman Sachs Group boosted their target price on MongoDB from $340.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Rosenblatt Securities assumed coverage on shares of MongoDB in a report on Tuesday. They issued a “buy” rating and a $350.00 price objective for the company. Wedbush raised MongoDB to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, Monness Crespi & Hardt cut shares of MongoDB from a “neutral” rating to a “sell” rating and set a $220.00 price target for the company. in a research report on Monday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twenty-one have given 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 a consensus price target of $366.14.

MongoDB Stock Up 0.9 %

NASDAQ:MDB opened at $255.00 on Wednesday. The stock has a market capitalization of $18.84 billion, a PE ratio of -93.07 and a beta of 1.17. MongoDB has a 52 week low of $212.74 and a 52 week high of $509.62. The stock’s 50-day moving average price is $292.95 and its 200-day moving average price is $267.40.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Monday, December 9th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.48. The business had revenue of $529.40 million during the quarter, compared to analysts’ expectations of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business’s revenue was up 22.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.96 earnings per share. Sell-side analysts expect that MongoDB will post -2.29 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Thomas Bull sold 154 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $39,462.50. Following the completion of the sale, the chief accounting officer now owns 16,068 shares in the company, valued at approximately $4,117,425. This trade represents a 0.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $267.85, for a total value of $1,339,250.00. Following the transaction, the chief financial officer now directly owns 80,307 shares in the company, valued at $21,510,229.95. This represents a 5.86 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 31,600 shares of company stock valued at $8,951,099. Insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On MongoDB

Several institutional investors have recently modified their holdings of the company. Tidal Investments LLC raised its stake in MongoDB by 76.8% in the 3rd quarter. Tidal Investments LLC now owns 7,859 shares of the company’s stock valued at $2,125,000 after purchasing an additional 3,415 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of MongoDB during the 3rd quarter valued at $44,000. Virtu Financial LLC lifted its position in MongoDB by 351.2% during the 3rd quarter. Virtu Financial LLC now owns 10,016 shares of the company’s stock worth $2,708,000 after acquiring an additional 7,796 shares in the last quarter. Teachers Retirement System of The State of Kentucky acquired a new stake in MongoDB during the 3rd quarter valued at $5,840,000. Finally, Toronto Dominion Bank lifted its stake in shares of MongoDB by 21.9% in the third quarter. Toronto Dominion Bank now owns 9,462 shares of the company’s stock worth $2,558,000 after acquiring an additional 1,699 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Company Profile

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.