MongoDB (NASDAQ:MDB) Given New $190.00 Price Target at Mizuho

MongoDB (NASDAQ:MDB - Free Report) had its price objective cut by Mizuho from $250.00 to $190.00 in a research report released on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other brokerages have also commented on MDB. Barclays cut their price objective on shares of MongoDB from $330.00 to $280.00 and set an "overweight" rating on the stock in a report on Thursday, March 6th. KeyCorp cut MongoDB from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Truist Financial dropped their target price on shares of MongoDB from $300.00 to $275.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. China Renaissance started coverage on MongoDB in a report on Tuesday, January 21st. They set a "buy" rating and a $351.00 price objective for the company. Finally, Stifel Nicolaus dropped their target price on shares of MongoDB from $340.00 to $275.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Eight analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, MongoDB presently has a consensus rating of "Moderate Buy" and a consensus price target of $299.78.

MongoDB Price Performance

Shares of MongoDB stock traded down $0.78 during trading hours on Tuesday, hitting $159.26. The company had a trading volume of 1,549,284 shares, compared to its average volume of 1,813,015. The company has a market cap of $12.93 billion, a P/E ratio of -58.12 and a beta of 1.49. MongoDB has a twelve month low of $140.78 and a twelve month high of $387.19. The company's 50-day moving average is $208.15 and its two-hundred day moving average is $252.43.

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

Insider Activity

In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $265.00, for a total value of $265,000.00. Following the transaction, the director now directly owns 1,116,006 shares of the company's stock, valued at approximately $295,741,590. The trade was a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Thomas Bull sold 301 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total value of $52,148.25. Following the sale, the chief accounting officer now owns 14,598 shares of the company's stock, valued at approximately $2,529,103.50. This represents a 2.02 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,680 shares of company stock valued at $11,084,027. 3.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MongoDB

A number of large investors have recently bought and sold shares of the business. OneDigital Investment Advisors LLC lifted its position in MongoDB by 3.9% during the fourth quarter. OneDigital Investment Advisors LLC now owns 1,044 shares of the company's stock worth $243,000 after buying an additional 39 shares in the last quarter. Hilltop National Bank boosted its stake in shares of MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company's stock valued at $30,000 after purchasing an additional 42 shares during the period. Avestar Capital LLC increased its position in shares of MongoDB by 2.0% during the fourth quarter. Avestar Capital LLC now owns 2,165 shares of the company's stock worth $504,000 after acquiring an additional 42 shares during the period. Aigen Investment Management LP raised its stake in shares of MongoDB by 1.4% in the fourth quarter. Aigen Investment Management LP now owns 3,921 shares of the company's stock valued at $913,000 after acquiring an additional 55 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its holdings in MongoDB by 0.4% during the 1st quarter. Handelsbanken Fonder AB now owns 14,816 shares of the company's stock worth $2,599,000 after purchasing an additional 65 shares during the period. 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.