Loop Capital Has Lowered Expectations for MongoDB (NASDAQ:MDB) Stock Price

MongoDB (NASDAQ:MDB - Get Free Report) had its price target lowered by equities researchers at Loop Capital from $400.00 to $350.00 in a research note issued to investors on Monday, MarketBeat reports. The brokerage presently has a "buy" rating on the stock. Loop Capital's target price indicates a potential upside of 81.37% from the stock's current price.

Other analysts have also issued research reports about the company. DA Davidson increased their price objective on MongoDB from $340.00 to $405.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Citigroup boosted their target price on shares of MongoDB from $400.00 to $430.00 and gave the company a "buy" rating in a report on Monday, December 16th. KeyCorp lifted their price target on shares of MongoDB from $330.00 to $375.00 and gave the company an "overweight" rating in a report on Thursday, December 5th. Guggenheim raised shares of MongoDB from a "neutral" rating to a "buy" rating and set a $300.00 price objective for the company in a research note on Monday, January 6th. Finally, Canaccord Genuity Group increased their target price on MongoDB from $325.00 to $385.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $322.61.

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MongoDB Stock Down 26.9 %

NASDAQ MDB traded down $71.15 during mid-day trading on Monday, hitting $192.98. The stock had a trading volume of 14,182,532 shares, compared to its average volume of 1,654,025. The company has a 50 day simple moving average of $263.70 and a 200 day simple moving average of $275.28. The company has a market cap of $14.37 billion, a price-to-earnings ratio of -70.43 and a beta of 1.30. MongoDB has a 52-week low of $192.88 and a 52-week high of $424.00.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.45). The business had revenue of $548.40 million for the quarter, compared to analyst estimates of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same quarter in the previous year, the firm posted $0.86 EPS. As a group, equities analysts anticipate that MongoDB will post -1.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other MongoDB news, CAO Thomas Bull sold 1,000 shares of the firm's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $355.92, for a total transaction of $355,920.00. Following the completion of the sale, the chief accounting officer now directly owns 15,068 shares in the company, valued at approximately $5,363,002.56. This trade represents a 6.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Cedric Pech sold 287 shares of MongoDB stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $67,183.83. Following the transaction, the insider now directly owns 24,390 shares in the company, valued at approximately $5,709,455.10. This trade represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,314 shares of company stock worth $13,337,753 over the last ninety days. 3.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. OneDigital Investment Advisors LLC increased its stake in shares of MongoDB by 3.9% in the fourth quarter. OneDigital Investment Advisors LLC now owns 1,044 shares of the company's stock worth $243,000 after acquiring an additional 39 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in MongoDB by 3.8% in the third quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company's stock valued at $295,000 after purchasing an additional 40 shares in the last quarter. Hilltop National Bank increased its position in MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company's stock worth $30,000 after purchasing an additional 42 shares during the last quarter. Avestar Capital LLC raised its stake in shares of MongoDB by 2.0% during the 4th quarter. Avestar Capital LLC now owns 2,165 shares of the company's stock worth $504,000 after purchasing an additional 42 shares in the last quarter. Finally, Rakuten Securities Inc. lifted its holdings in shares of MongoDB by 16.5% during the 3rd quarter. Rakuten Securities Inc. now owns 332 shares of the company's stock valued at $90,000 after buying an additional 47 shares during the last quarter. Institutional investors and hedge funds 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.