MongoDB’s (MDB) “Market Outperform” Rating Reiterated at JMP Securities

JMP Securities reissued their market outperform rating on shares of MongoDB (NASDAQ:MDB) in a research note published on Friday, Benzinga reports. They currently have a $380.00 price target on the stock.

Several other research analysts have also recently issued reports on MDB. Robert W. Baird dropped their price objective on MongoDB from $450.00 to $305.00 and set an outperform rating on the stock in a research note on Friday, May 31st. Royal Bank of Canada restated an outperform rating and set a $350.00 price target on shares of MongoDB in a research note on Friday. Canaccord Genuity Group lowered their price objective on shares of MongoDB from $435.00 to $325.00 and set a buy rating for the company in a research note on Friday, May 31st. Barclays cut their target price on shares of MongoDB from $458.00 to $290.00 and set an overweight rating on the stock in a research report on Friday, May 31st. Finally, Oppenheimer upped their price target on shares of MongoDB from $300.00 to $350.00 and gave the stock an outperform rating in a research report on Friday. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $341.27.

MongoDB Stock Up 18.3 %

NASDAQ:MDB opened at $290.79 on Friday. The company has a market cap of $21.33 billion, a price-to-earnings ratio of -103.48 and a beta of 1.13. MongoDB has a twelve month low of $212.74 and a twelve month high of $509.62. The company has a current ratio of 4.93, a quick ratio of 4.93 and a debt-to-equity ratio of 0.90. The stock has a fifty day simple moving average of $248.22 and a 200-day simple moving average of $313.66.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.21. The company had revenue of $478.11 million during the quarter, compared to analyst estimates of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.95%. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.63) EPS. Analysts anticipate that MongoDB will post -2.67 EPS for the current year.

Insider Buying and Selling

In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $231.00, for a total transaction of $462,000.00. Following the transaction, the director now owns 1,140,006 shares in the company, valued at approximately $263,341,386. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CRO Cedric Pech sold 273 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total value of $72,424.17. Following the completion of the transaction, the executive now directly owns 35,719 shares in the company, valued at $9,475,893.51. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Dwight A. Merriman sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $231.00, for a total value of $462,000.00. Following the completion of the sale, the director now owns 1,140,006 shares in the company, valued at approximately $263,341,386. The disclosure for this sale can be found here. Insiders sold 30,179 shares of company stock worth $7,368,989 in the last three months. Corporate insiders own 3.60% of the company’s stock.

Institutional Trading of MongoDB

Several institutional investors and hedge funds have recently bought and sold shares of MDB. Transcendent Capital Group LLC acquired a new stake in shares of MongoDB in the fourth quarter worth $25,000. MFA Wealth Advisors LLC purchased a new stake in MongoDB in the second quarter valued at $25,000. J.Safra Asset Management Corp raised its stake in shares of MongoDB by 682.4% during the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock valued at $33,000 after buying an additional 116 shares during the last quarter. Quarry LP raised its stake in shares of MongoDB by 2,580.0% during the 2nd quarter. Quarry LP now owns 134 shares of the company’s stock valued at $33,000 after buying an additional 129 shares during the last quarter. Finally, Hantz Financial Services Inc. purchased a new stake in shares of MongoDB in the second quarter worth about $35,000. 89.29% of the stock is currently 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.