MongoDB (NASDAQ:MDB) Earns Buy Rating from Analysts at Loop Capital

Research analysts at Loop Capital began coverage on shares of MongoDB (NASDAQ:MDB) in a research note issued to investors on Tuesday, MarketBeat reports. The brokerage set a “buy” rating and a $415.00 price target on the stock. Loop Capital’s price objective would indicate a potential upside of 12.38% from the company’s previous close.

MDB has been the subject of a number of other reports. Redburn Atlantic reiterated a “sell” rating and issued a $295.00 price target (down from $410.00) on shares of MongoDB in a research report on Tuesday, March 19th. JMP Securities reissued a “market outperform” rating and issued a $440.00 price objective on shares of MongoDB in a research note on Monday, January 22nd. Guggenheim lifted their price objective on shares of MongoDB from $250.00 to $272.00 and gave the company a “sell” rating in a research note on Monday, March 4th. Citigroup lifted their price objective on shares of MongoDB from $515.00 to $550.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, KeyCorp decreased their price objective on shares of MongoDB from $490.00 to $440.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and a consensus price target of $443.86.

MongoDB Trading Up 0.8 %

Shares of MDB stock opened at $369.29 on Tuesday. The firm has a 50 day moving average price of $383.39 and a two-hundred day moving average price of $390.67. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $26.90 billion, a PE ratio of -148.91 and a beta of 1.19. MongoDB has a 12-month low of $212.52 and a 12-month high of $509.62.

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

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $404.20, for a total value of $404,200.00. Following the transaction, the director now owns 527,896 shares of the company’s stock, valued at approximately $213,375,563.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other MongoDB news, CAO Thomas Bull sold 170 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total value of $59,180.40. Following the completion of the sale, the chief accounting officer now owns 17,360 shares in the company, valued at approximately $6,043,363.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $404.20, for a total transaction of $404,200.00. Following the completion of the sale, the director now owns 527,896 shares of the company’s stock, valued at approximately $213,375,563.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 91,802 shares of company stock valued at $35,936,911. 4.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MongoDB

Several large investors have recently modified their holdings of the stock. Transcendent Capital Group LLC bought a new position in MongoDB in the 4th quarter worth approximately $25,000. BluePath Capital Management LLC bought a new position in MongoDB in the 3rd quarter worth approximately $30,000. Blue Trust Inc. boosted its holdings in MongoDB by 937.5% in the 4th quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after buying an additional 75 shares during the period. Cullen Frost Bankers Inc. bought a new position in MongoDB in the 3rd quarter worth approximately $35,000. Finally, AM Squared Ltd bought a new position in MongoDB in the 3rd quarter worth approximately $35,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

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.