MongoDB (NASDAQ:MDB) Now Covered by Daiwa Capital Markets

Daiwa Capital Markets began coverage on shares of MongoDB (NASDAQ:MDB) in a research report released on Tuesday, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $202.00 price target on the stock.

Several other research analysts have also issued reports on the company. Oppenheimer lowered their target price on MongoDB from $400.00 to $330.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Robert W. Baird reduced their target price on MongoDB from $390.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. UBS Group set a $350.00 target price on shares of MongoDB in a research report on Tuesday, March 4th. Royal Bank of Canada dropped their price target on shares of MongoDB from $400.00 to $320.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Finally, Stifel Nicolaus decreased their price objective on shares of MongoDB from $425.00 to $340.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Seven analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $312.84.

MongoDB Trading Up 0.7 %

MongoDB stock opened at $176.61 on Tuesday. The company has a market capitalization of $14.34 billion, a PE ratio of -64.46 and a beta of 1.30. The stock has a 50-day moving average price of $242.38 and a two-hundred day moving average price of $264.31. MongoDB has a 12 month low of $170.66 and a 12 month high of $387.19.

MongoDB (NASDAQ:MDB) last posted its earnings results on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.45). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business had revenue of $548.40 million for the quarter, compared to analyst estimates of $519.65 million. During the same quarter in the prior year, the business earned $0.86 earnings per share. As a group, analysts predict that MongoDB will post -1.78 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Thomas Bull sold 169 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $39,561.21. Following the completion of the sale, the chief accounting officer now owns 14,899 shares in the company, valued at approximately $3,487,706.91. This represents a 1.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Michael Lawrence Gordon sold 1,245 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $291,442.05. Following the transaction, the chief financial officer now owns 79,062 shares in the company, valued at approximately $18,507,623.58. This trade represents a 1.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,139 shares of company stock worth $11,328,869 over the last three months. 3.60% of the stock is currently owned by insiders.

Institutional Trading of MongoDB

A number of large investors have recently added to or reduced their stakes in the stock. OneDigital Investment Advisors LLC grew its position in shares of MongoDB by 3.9% during the 4th quarter. OneDigital Investment Advisors LLC now owns 1,044 shares of the company’s stock valued at $243,000 after acquiring an additional 39 shares during the period. Hilltop National Bank grew its holdings in MongoDB by 47.2% during the fourth 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 period. Avestar Capital LLC grew its holdings in MongoDB by 2.0% during the fourth 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 period. Aigen Investment Management LP increased its position in MongoDB by 1.4% in the fourth quarter. Aigen Investment Management LP now owns 3,921 shares of the company’s stock worth $913,000 after buying an additional 55 shares during the last quarter. Finally, Perigon Wealth Management LLC raised its stake in shares of MongoDB by 2.7% in the fourth quarter. Perigon Wealth Management LLC now owns 2,528 shares of the company’s stock valued at $627,000 after buying an additional 66 shares during the period. 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.