MongoDB (NASDAQ:MDB) Upgraded at Guggenheim

Guggenheim upgraded shares of MongoDB (NASDAQ:MDB - Free Report) from a neutral rating to a buy rating in a report published on Monday, Marketbeat reports. The firm currently has $300.00 price objective on the stock.

Several other analysts have also recently commented on MDB. Royal Bank of Canada upped their target price on shares of MongoDB from $350.00 to $400.00 and gave the company an "outperform" rating in a research report on Tuesday, December 10th. Monness Crespi & Hardt downgraded MongoDB from a "neutral" rating to a "sell" rating and set a $220.00 price objective for the company. in a report on Monday, December 16th. Macquarie initiated coverage on MongoDB in a research report on Thursday, December 12th. They set a "neutral" rating and a $300.00 target price for the company. Stifel Nicolaus upped their price target on MongoDB from $325.00 to $360.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Finally, Canaccord Genuity Group lifted their price objective on shares of MongoDB from $325.00 to $385.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, MongoDB has a consensus rating of "Moderate Buy" and an average target price of $367.14.

MongoDB Price Performance

Shares of NASDAQ:MDB traded up $6.47 during midday trading on Monday, reaching $252.86. The company's stock had a trading volume of 1,941,689 shares, compared to its average volume of 2,023,850. The business's fifty day simple moving average is $284.11 and its 200-day simple moving average is $269.17. The company has a market capitalization of $18.83 billion, a P/E ratio of -92.28 and a beta of 1.25. MongoDB has a fifty-two week low of $212.74 and a fifty-two week high of $509.62.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm had revenue of $529.40 million during the quarter, compared to analysts' expectations of $497.39 million. During the same quarter last year, the company posted $0.96 EPS. The company's quarterly revenue was up 22.3% compared to the same quarter last year. On average, analysts forecast that MongoDB will post -1.86 earnings per share for the current fiscal year.

Insider Buying and Selling at MongoDB

In other news, insider Cedric Pech sold 287 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $67,183.83. Following the transaction, the insider now owns 24,390 shares of the company's stock, valued at approximately $5,709,455.10. This represents a 1.16 % 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 this link. Also, Director Dwight A. Merriman sold 1,000 shares of the business's stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $272.97, for a total value of $272,970.00. Following the completion of the sale, the director now owns 1,130,006 shares of the company's stock, valued at $308,457,737.82. This trade represents a 0.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,161 shares of company stock worth $8,700,776 over the last ninety days. Insiders own 3.60% of the company's stock.

Hedge Funds Weigh In On MongoDB

Hedge funds have recently added to or reduced their stakes in the stock. Quarry LP raised its holdings in shares of MongoDB by 2,580.0% during the 2nd quarter. Quarry LP now owns 134 shares of the company's stock worth $33,000 after buying an additional 129 shares in the last quarter. Brooklyn Investment Group bought a new position in MongoDB in the third quarter valued at about $36,000. GAMMA Investing LLC raised its stake in MongoDB by 178.8% during the third quarter. GAMMA Investing LLC now owns 145 shares of the company's stock worth $39,000 after acquiring an additional 93 shares in the last quarter. Continuum Advisory LLC lifted its holdings in shares of MongoDB by 621.1% in the third quarter. Continuum Advisory LLC now owns 137 shares of the company's stock worth $40,000 after acquiring an additional 118 shares during the last quarter. Finally, Asset Dedication LLC acquired a new stake in shares of MongoDB in the 2nd quarter valued at approximately $41,000. Institutional investors own 89.29% of the company's stock.

MongoDB Company Profile

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.