Mongodb (NASDAQ:MDB) had its price objective upped by Citigroup from $94.00 to $116.00 in a research note issued on Thursday. The firm currently has a “neutral” rating on the stock. Citigroup‘s price objective suggests a potential downside of 12.76% from the stock’s previous close.

Several other research analysts also recently weighed in on MDB. Nomura set a $63.00 target price on shares of Mongodb and gave the stock a “sell” rating in a research report on Tuesday, February 26th. Zacks Investment Research raised shares of Mongodb from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research report on Friday, January 18th. Needham & Company LLC lifted their target price on shares of Mongodb to $97.00 and gave the stock a “buy” rating in a research report on Friday, December 14th. Monness Crespi & Hardt lifted their target price on shares of Mongodb from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, December 6th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $95.00 target price (up from $78.00) on shares of Mongodb in a research report on Thursday, December 6th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $106.38.

Shares of MDB traded up $28.70 during mid-day trading on Thursday, hitting $132.96. The company’s stock had a trading volume of 4,136,567 shares, compared to its average volume of 1,016,254. The stock has a market capitalization of $5.62 billion, a P/E ratio of -76.41 and a beta of 0.01. The company has a debt-to-equity ratio of 1.08, a current ratio of 3.41 and a quick ratio of 3.41. Mongodb has a fifty-two week low of $32.35 and a fifty-two week high of $109.97.

In related news, insider Thomas Bull sold 754 shares of the firm’s stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $81.36, for a total transaction of $61,345.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Meagen Eisenberg sold 50,625 shares of the firm’s stock in a transaction that occurred on Wednesday, December 19th. The stock was sold at an average price of $88.06, for a total transaction of $4,458,037.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 224,607 shares of company stock valued at $20,225,910. 40.04% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Pearl River Capital LLC acquired a new stake in Mongodb in the fourth quarter valued at approximately $25,000. Quantamental Technologies LLC bought a new position in Mongodb during the 4th quarter worth $33,000. PNC Financial Services Group Inc. bought a new position in Mongodb during the 4th quarter worth $34,000. TCI Wealth Advisors Inc. increased its position in shares of Mongodb by 17,133.3% in the fourth quarter. TCI Wealth Advisors Inc. now owns 517 shares of the company’s stock worth $43,000 after purchasing an additional 514 shares during the period. Finally, Rehmann Capital Advisory Group increased its position in shares of Mongodb by 1,556.5% in the third quarter. Rehmann Capital Advisory Group now owns 762 shares of the company’s stock worth $62,000 after purchasing an additional 716 shares during the period. Hedge funds and other institutional investors own 64.66% of the company’s stock.

Mongodb Company Profile

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.

Featured Article: Current Ratio

Analyst Recommendations for Mongodb (NASDAQ:MDB)

Receive News & Ratings for Mongodb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mongodb and related companies with MarketBeat.com's FREE daily email newsletter.