MongoDB (NASDAQ:MDB) Price Target Lowered to $400.00 at Tigress Financial

MongoDB (NASDAQ:MDB) had its price objective lowered by research analysts at Tigress Financial from $500.00 to $400.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. Tigress Financial’s price target points to a potential upside of 57.99% from the company’s current price.

Other analysts have also issued reports about the stock. Stifel Nicolaus lowered their price target on shares of MongoDB from $435.00 to $300.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. DA Davidson upgraded MongoDB from a “hold” rating to a “strong-buy” rating in a report on Friday, May 31st. KeyCorp cut their price target on MongoDB from $490.00 to $440.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. JMP Securities decreased their price objective on MongoDB from $440.00 to $380.00 and set a “market outperform” rating on the stock in a research note on Friday, May 31st. Finally, Oppenheimer cut their target price on shares of MongoDB from $480.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus target price of $355.74.

MongoDB Stock Up 1.8 %

MDB opened at $253.18 on Thursday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.93 and a current ratio of 4.93. The company has a market cap of $18.57 billion, a price-to-earnings ratio of -90.10 and a beta of 1.13. MongoDB has a one year low of $214.74 and a one year high of $509.62. The business’s fifty day moving average is $282.93 and its two-hundred day moving average is $355.93.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Thursday, May 30th. The company reported ($0.80) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.80). The business had revenue of $450.56 million during the quarter, compared to the consensus estimate of $438.44 million. MongoDB had a negative return on equity of 14.88% and a negative net margin of 11.50%. Analysts anticipate that MongoDB will post -2.67 EPS for the current fiscal year.

Insider Transactions at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $374.95, for a total transaction of $2,249,700.00. Following the completion of the sale, the director now directly owns 1,148,784 shares in the company, valued at $430,736,560.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $374.95, for a total transaction of $2,249,700.00. Following the transaction, the director now owns 1,148,784 shares in the company, valued at $430,736,560.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $252.23, for a total value of $1,261,150.00. Following the completion of the sale, the chief financial officer now owns 81,942 shares of the company’s stock, valued at approximately $20,668,230.66. The disclosure for this sale can be found here. Insiders have sold a total of 35,179 shares of company stock worth $9,535,839 in the last three months. 3.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MDB. Quadrant Capital Group LLC lifted its holdings in MongoDB by 5.6% in the 4th quarter. Quadrant Capital Group LLC now owns 412 shares of the company’s stock worth $168,000 after buying an additional 22 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in MongoDB by 12.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 226 shares of the company’s stock valued at $92,000 after purchasing an additional 25 shares during the last quarter. Yousif Capital Management LLC grew its stake in MongoDB by 3.9% during the 4th quarter. Yousif Capital Management LLC now owns 792 shares of the company’s stock valued at $324,000 after purchasing an additional 30 shares in the last quarter. Valley National Advisers Inc. increased its holdings in MongoDB by 5.9% during the 4th quarter. Valley National Advisers Inc. now owns 597 shares of the company’s stock worth $244,000 after purchasing an additional 33 shares during the last quarter. Finally, First Trust Direct Indexing L.P. raised its position in shares of MongoDB by 2.2% in the 4th quarter. First Trust Direct Indexing L.P. now owns 1,561 shares of the company’s stock valued at $638,000 after purchasing an additional 33 shares in the last quarter. 89.29% of the stock is 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.