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

MongoDB (NASDAQ:MDB) had its target price trimmed by Tigress Financial from $500.00 to $400.00 in a research report report published on Thursday morning, Benzinga reports. The firm currently has a buy rating on the stock.

Other equities research analysts also recently issued research reports about the stock. DA Davidson raised shares of MongoDB from a hold rating to a strong-buy rating in a research note on Friday, May 31st. Needham & Company LLC reaffirmed a buy rating and issued a $290.00 price objective on shares of MongoDB in a research note on Thursday, June 13th. Barclays dropped their price objective on shares of MongoDB from $458.00 to $290.00 and set an overweight rating for the company in a research note on Friday, May 31st. Scotiabank lowered their target price on shares of MongoDB from $385.00 to $250.00 and set a sector perform rating for the company in a report on Monday, June 3rd. Finally, Robert W. Baird cut their price target on shares of MongoDB from $450.00 to $305.00 and set an outperform rating on the stock in a report on Friday, May 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $355.74.

MongoDB Stock Performance

Shares of MDB opened at $253.18 on Thursday. The firm has a market capitalization of $18.57 billion, a P/E ratio of -90.10 and a beta of 1.13. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.93 and a quick ratio of 4.93. MongoDB has a one year low of $214.74 and a one year high of $509.62. The business has a fifty day moving average of $282.93 and a 200 day moving average of $355.93.

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

Insiders Place Their Bets

In other news, CFO Michael Lawrence Gordon sold 5,000 shares of the stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $252.23, for a total transaction of $1,261,150.00. Following the completion of the sale, the chief financial officer now owns 81,942 shares in the company, valued at approximately $20,668,230.66. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO Michael Lawrence Gordon sold 5,000 shares of the business’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $252.23, for a total transaction of $1,261,150.00. Following the sale, the chief financial officer now owns 81,942 shares in the company, valued at $20,668,230.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $379.15, for a total transaction of $379,150.00. Following the transaction, the director now owns 522,896 shares in the company, valued at approximately $198,256,018.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,179 shares of company stock valued at $9,535,839. 3.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On MongoDB

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Transcendent Capital Group LLC purchased a new stake in MongoDB in the fourth quarter valued at approximately $25,000. Blue Trust Inc. boosted its holdings in shares of MongoDB by 937.5% in the 4th quarter. Blue Trust Inc. now owns 83 shares of the company’s stock valued at $34,000 after acquiring an additional 75 shares during the last quarter. Beacon Capital Management LLC increased its stake in shares of MongoDB by 1,111.1% in the fourth quarter. Beacon Capital Management LLC now owns 109 shares of the company’s stock worth $45,000 after acquiring an additional 100 shares during the period. YHB Investment Advisors Inc. purchased a new position in shares of MongoDB during the first quarter worth $41,000. Finally, GAMMA Investing LLC acquired a new position in MongoDB during the fourth quarter valued at $50,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

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.