MongoDB (NASDAQ:MDB) Given New $400.00 Price Target at Royal Bank of Canada

MongoDB (NASDAQ:MDB) Given New 0.00 Price Target at Royal Bank of Canada


MongoDB (NASDAQ:MDBGet Rating) had its price target boosted by Royal Bank of Canada from $235.00 to $400.00 in a research report sent to investors on Friday morning, The Fly reports.

Several other equities research analysts also recently issued reports on MDB. KeyCorp raised their price target on MongoDB from $229.00 to $264.00 and gave the company an overweight rating in a report on Thursday, April 20th. Citigroup lifted their target price on MongoDB from $363.00 to $430.00 in a report on Friday. Guggenheim downgraded MongoDB from a neutral rating to a sell rating and lifted their target price for the stock from $205.00 to $210.00 in a report on Thursday, May 25th. They noted that the move was a valuation call. Piper Sandler lifted their target price on MongoDB from $270.00 to $400.00 in a report on Friday. Finally, Credit Suisse Group dropped their target price on MongoDB from $305.00 to $250.00 and set an outperform rating for the company in a report on Friday, March 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $322.17.

MongoDB Stock Up 28.0 %

Shares of NASDAQ:MDB opened at $376.30 on Friday. The firm’s 50 day simple moving average is $244.10 and its 200 day simple moving average is $213.27. The company has a current ratio of 3.80, a quick ratio of 3.80 and a debt-to-equity ratio of 1.54. MongoDB has a fifty-two week low of $135.15 and a fifty-two week high of $397.98.

MongoDB (NASDAQ:MDBGet Rating) last issued its quarterly earnings results on Thursday, June 1st. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.38. The company had revenue of $368.28 million during the quarter, compared to analysts’ expectations of $347.77 million. MongoDB had a negative net margin of 23.58% and a negative return on equity of 44.73%. The business’s quarterly revenue was up 29.0% on a year-over-year basis. During the same period last year, the business earned ($1.15) EPS. On average, equities research analysts anticipate that MongoDB will post -4.04 earnings per share for the current fiscal year.

Insider Transactions at MongoDB

In other news, CAO Thomas Bull sold 605 shares of the business’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $228.34, for a total transaction of $138,145.70. Following the sale, the chief accounting officer now directly owns 17,706 shares in the company, valued at $4,042,988.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CRO Cedric Pech sold 720 shares of the company’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $228.33, for a total value of $164,397.60. Following the sale, the executive now directly owns 53,050 shares in the company, valued at $12,112,906.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Thomas Bull sold 605 shares of the business’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $228.34, for a total value of $138,145.70. Following the completion of the transaction, the chief accounting officer now directly owns 17,706 shares in the company, valued at $4,042,988.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 81,013 shares of company stock worth $18,896,567. Insiders own 4.80% of the company’s stock.

Hedge Funds Weigh In On MongoDB

Institutional investors have recently modified their holdings of the company. Global Retirement Partners LLC raised its position in shares of MongoDB by 346.7% during the first quarter. Global Retirement Partners LLC now owns 134 shares of the company’s stock worth $30,000 after purchasing an additional 104 shares during the period. Bessemer Group Inc. bought a new stake in MongoDB during the fourth quarter worth $29,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in MongoDB during the fourth quarter worth $30,000. Manchester Capital Management LLC bought a new stake in MongoDB during the first quarter worth $36,000. Finally, Clearstead Advisors LLC bought a new stake in MongoDB during the first quarter worth $36,000. 84.86% of the stock is owned by institutional investors and hedge funds.

MongoDB Company Profile

(Get Rating)

MongoDB, Inc engages in the development and provision of a general-purpose database platform. The firm’s products include MongoDB Enterprise Advanced, MongoDB Atlas and Community Server. It also offers professional services including consulting and training. The company was founded by Eliot Horowitz, Dwight A.

Featured Stories

The Fly logo

Analyst Recommendations for MongoDB (NASDAQ:MDB)



Receive News & Ratings for MongoDB Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for MongoDB and related companies with MarketBeat.com’s FREE daily email newsletter.

#MongoDB #NASDAQMDB #Price #Target #Royal #Bank #Canada

What’s your Reaction?
+1
0
+1
0
+1
0
+1
0
TOP