MongoDB (NASDAQ:MDB) Price Target Lowered to $440.00 at KeyCorp

MongoDB (NASDAQ:MDB) had its price target cut by KeyCorp from $490.00 to $440.00 in a report published on Thursday, Benzinga reports. They currently have an overweight rating on the stock.

Other analysts also recently issued reports about the stock. Citigroup boosted their target price on shares of MongoDB from $515.00 to $550.00 and gave the stock a buy rating in a report on Wednesday, March 6th. UBS Group reaffirmed a neutral rating and issued a $410.00 price target (down previously from $475.00) on shares of MongoDB in a report on Thursday, January 4th. Guggenheim raised their price objective on MongoDB from $250.00 to $272.00 and gave the stock a sell rating in a research note on Monday, March 4th. JMP Securities reaffirmed a market outperform rating and set a $440.00 target price on shares of MongoDB in a research report on Monday, January 22nd. Finally, Redburn Atlantic reaffirmed a sell rating and set a $295.00 target price (down from $410.00) on shares of MongoDB in a report on Tuesday, March 19th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, MongoDB currently has an average rating of Moderate Buy and a consensus target price of $444.93.

MongoDB Trading Down 2.1 %

NASDAQ MDB opened at $335.55 on Thursday. MongoDB has a 12 month low of $212.52 and a 12 month high of $509.62. The company’s 50 day simple moving average is $394.28 and its 200 day simple moving average is $390.06. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 1.07.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). The firm had revenue of $458.00 million during the quarter, compared to the consensus estimate of $431.99 million. MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. On average, analysts anticipate that MongoDB will post -2.53 EPS for the current year.

Insider Activity

In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $365.00, for a total transaction of $730,000.00. Following the transaction, the director now directly owns 1,154,784 shares in the company, valued at $421,496,160. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Dev Ittycheria sold 33,000 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $405.77, for a total transaction of $13,390,410.00. Following the completion of the sale, the chief executive officer now directly owns 198,166 shares of the company’s stock, valued at approximately $80,409,817.82. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction on Monday, April 8th. The stock was sold at an average price of $365.00, for a total transaction of $730,000.00. Following the completion of the transaction, the director now owns 1,154,784 shares in the company, valued at approximately $421,496,160. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 92,802 shares of company stock worth $36,356,911. 4.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On MongoDB

A number of institutional investors have recently made changes to their positions in MDB. Transcendent Capital Group LLC acquired a new position in MongoDB during the 4th quarter valued at $25,000. KB Financial Partners LLC bought a new position in shares of MongoDB during the 2nd quarter worth about $27,000. Blue Trust Inc. raised its position in shares of MongoDB by 937.5% during the fourth quarter. Blue Trust Inc. now owns 83 shares of the company’s stock valued at $34,000 after buying an additional 75 shares during the last quarter. BluePath Capital Management LLC bought a new stake in shares of MongoDB in the third quarter valued at about $30,000. Finally, Parkside Financial Bank & Trust grew its position in MongoDB by 176.5% during the second quarter. Parkside Financial Bank & Trust now owns 94 shares of the company’s stock worth $39,000 after buying an additional 60 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors.

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.