Mongodb (NASDAQ:MDB) had its price target raised by research analysts at Citigroup from $86.00 to $94.00 in a research report issued on Thursday. The brokerage currently has a “neutral” rating on the stock. Citigroup’s price objective would indicate a potential upside of 11.44% from the stock’s current price.

A number of other equities research analysts also recently commented on MDB. Morgan Stanley increased their price objective on Mongodb from $41.00 to $66.00 and gave the company an “equal weight” rating in a research report on Thursday, August 30th. Needham & Company LLC increased their price objective on Mongodb from $57.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, September 4th. Nomura downgraded Mongodb from a “neutral” rating to a “reduce” rating and increased their price objective for the company from $43.00 to $63.00 in a research report on Tuesday, October 2nd. They noted that the move was a valuation call. Zacks Investment Research upgraded Mongodb from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st. Finally, DA Davidson began coverage on Mongodb in a research report on Tuesday, October 2nd. They set a “neutral” rating and a $80.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $81.85.

MDB opened at $84.35 on Thursday. The company has a market capitalization of $4.74 billion, a price-to-earnings ratio of -48.48 and a beta of -0.64. The company has a debt-to-equity ratio of 1.01, a current ratio of 3.74 and a quick ratio of 3.74. Mongodb has a 1-year low of $24.62 and a 1-year high of $93.23.

Mongodb (NASDAQ:MDB) last released its earnings results on Tuesday, December 4th. The company reported ($0.30) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.56) by $0.26. The firm had revenue of $65.00 million during the quarter, compared to the consensus estimate of $60.26 million. Mongodb had a negative return on equity of 55.21% and a negative net margin of 54.74%. The firm’s revenue for the quarter was up 56.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.44) earnings per share. On average, analysts predict that Mongodb will post -2.28 EPS for the current fiscal year.

In other Mongodb news, major shareholder Whale Rock Capital Management sold 683,871 shares of the business’s stock in a transaction on Friday, November 30th. The shares were sold at an average price of $82.39, for a total transaction of $56,344,131.69. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Michael Lawrence Gordon sold 1,047 shares of the business’s stock in a transaction on Tuesday, October 2nd. The shares were sold at an average price of $75.23, for a total transaction of $78,765.81. The disclosure for this sale can be found here. Insiders have sold a total of 973,904 shares of company stock valued at $79,863,660 in the last quarter. Insiders own 40.04% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. FMR LLC raised its stake in Mongodb by 106.7% during the 3rd quarter. FMR LLC now owns 4,688,216 shares of the company’s stock valued at $382,324,000 after purchasing an additional 2,419,731 shares during the period. Whale Rock Capital Management LLC raised its stake in Mongodb by 587.8% during the 2nd quarter. Whale Rock Capital Management LLC now owns 3,830,271 shares of the company’s stock valued at $190,096,000 after purchasing an additional 3,273,409 shares during the period. Vanguard Group Inc. raised its stake in Mongodb by 3.6% during the 3rd quarter. Vanguard Group Inc. now owns 1,683,561 shares of the company’s stock valued at $137,294,000 after purchasing an additional 58,398 shares during the period. Capital World Investors raised its stake in Mongodb by 8.1% during the 3rd quarter. Capital World Investors now owns 1,670,188 shares of the company’s stock valued at $136,204,000 after purchasing an additional 125,000 shares during the period. Finally, Scge Management L.P. increased its stake in shares of Mongodb by 26.3% in the third quarter. Scge Management L.P. now owns 1,052,247 shares of the company’s stock worth $85,811,000 after acquiring an additional 219,000 shares during the last quarter. 50.44% of the stock is currently owned by institutional investors.

About Mongodb

MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

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Analyst Recommendations for Mongodb (NASDAQ:MDB)

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