Month: September 2023

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MongoDB (NASDAQ:MDB – Get Free Report) had its price objective upped by research analysts at UBS Group from $425.00 to $465.00 in a research report issued to clients and investors on Friday, Marketbeat.com reports. The firm currently has a “buy” rating on the stock. UBS Group’s price target indicates a potential upside of 18.36% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on the company. Capital One Financial started coverage on MongoDB in a research note on Monday, June 26th. They issued an “equal weight” rating and a $396.00 price target on the stock. Citigroup lifted their target price on shares of MongoDB from $430.00 to $455.00 and gave the stock a “buy” rating in a report on Monday, August 28th. Sanford C. Bernstein increased their price target on shares of MongoDB from $257.00 to $424.00 in a report on Monday, June 5th. Royal Bank of Canada boosted their price objective on MongoDB from $400.00 to $445.00 in a report on Friday, June 23rd. Finally, Barclays increased their target price on MongoDB from $421.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $405.35.

View Our Latest Report on MongoDB

MongoDB Stock Up 3.0 %

MongoDB stock opened at $392.88 on Friday. MongoDB has a fifty-two week low of $135.15 and a fifty-two week high of $439.00. The firm has a market capitalization of $27.73 billion, a PE ratio of -84.13 and a beta of 1.13. The company’s 50-day moving average is $389.98 and its 200-day moving average is $304.60. The company has a debt-to-equity ratio of 1.44, a current ratio of 4.19 and a quick ratio of 4.19.

MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings results on Thursday, June 1st. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.38. MongoDB had a negative return on equity of 43.25% and a negative net margin of 23.58%. The firm had revenue of $368.28 million for the quarter, compared to the consensus estimate of $347.77 million. During the same quarter in the previous year, the business earned ($1.15) earnings per share. The business’s revenue was up 29.0% compared to the same quarter last year. Sell-side analysts anticipate that MongoDB will post -2.8 earnings per share for the current year.

Insider Buying and Selling at MongoDB

In related news, Director Hope F. Cochran sold 2,174 shares of the company’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $373.19, for a total transaction of $811,315.06. Following the completion of the sale, the director now directly owns 8,200 shares in the company, valued at approximately $3,060,158. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Dev Ittycheria sold 50,000 shares of MongoDB stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $407.07, for a total transaction of $20,353,500.00. Following the sale, the chief executive officer now directly owns 218,085 shares of the company’s stock, valued at approximately $88,775,860.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hope F. Cochran sold 2,174 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $373.19, for a total transaction of $811,315.06. Following the transaction, the director now owns 8,200 shares of the company’s stock, valued at $3,060,158. The disclosure for this sale can be found here. In the last quarter, insiders have sold 76,551 shares of company stock valued at $31,143,942. 4.80% of the stock is currently owned by corporate insiders.

Institutional Trading of MongoDB

Hedge funds and other institutional investors have recently modified their holdings of the stock. GPS Wealth Strategies Group LLC bought a new stake in shares of MongoDB during the second quarter worth about $26,000. KB Financial Partners LLC bought a new stake in MongoDB during the 2nd quarter worth approximately $27,000. Capital Advisors Ltd. LLC increased its position in MongoDB by 131.0% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 67 shares of the company’s stock valued at $28,000 after acquiring an additional 38 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of MongoDB by 176.5% during the second quarter. Parkside Financial Bank & Trust now owns 94 shares of the company’s stock valued at $39,000 after acquiring an additional 60 shares during the last quarter. Finally, Coppell Advisory Solutions LLC acquired a new position in shares of MongoDB during the second quarter worth $43,000. Institutional investors own 88.89% of the company’s stock.

About MongoDB

(Get Free Report)

MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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.

See Also

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Article originally posted on mongodb google news. Visit mongodb google news

Posted on mongodb google news. Visit mongodb google news

Toronto Dominion Bank trimmed its position in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 6.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,095 shares of the company’s stock after selling 1,256 shares during the period. Toronto Dominion Bank’s holdings in MongoDB were worth $4,449,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of MDB. 1832 Asset Management L.P. raised its stake in shares of MongoDB by 3,283,771.0% during the fourth quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock valued at $200,383,000 after acquiring an additional 1,017,969 shares during the last quarter. Renaissance Technologies LLC raised its stake in MongoDB by 493.2% in the fourth quarter. Renaissance Technologies LLC now owns 918,200 shares of the company’s stock worth $180,738,000 after buying an additional 763,400 shares in the last quarter. Norges Bank bought a new position in MongoDB in the fourth quarter worth about $147,735,000. William Blair Investment Management LLC raised its stake in MongoDB by 2,354.2% in the fourth quarter. William Blair Investment Management LLC now owns 387,366 shares of the company’s stock worth $76,249,000 after buying an additional 371,582 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in MongoDB by 72.9% in the fourth quarter. First Trust Advisors LP now owns 613,818 shares of the company’s stock worth $120,935,000 after buying an additional 258,783 shares in the last quarter. 88.89% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Hope F. Cochran sold 2,174 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $373.19, for a total value of $811,315.06. Following the sale, the director now owns 8,200 shares in the company, valued at $3,060,158. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other MongoDB news, Director Hope F. Cochran sold 2,174 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $373.19, for a total transaction of $811,315.06. Following the completion of the sale, the director now owns 8,200 shares of the company’s stock, valued at $3,060,158. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Mark Porter sold 2,734 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $412.33, for a total value of $1,127,310.22. Following the sale, the chief technology officer now directly owns 35,056 shares of the company’s stock, valued at approximately $14,454,640.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 76,551 shares of company stock worth $31,143,942. 4.80% of the stock is owned by insiders.

MongoDB Trading Up 3.0 %

Shares of MDB stock opened at $392.88 on Friday. MongoDB, Inc. has a 12-month low of $135.15 and a 12-month high of $439.00. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 1.44. The firm’s 50 day moving average is $389.98 and its 200 day moving average is $304.60. The stock has a market capitalization of $27.73 billion, a P/E ratio of -84.13 and a beta of 1.13.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results on Thursday, June 1st. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.38. MongoDB had a negative net margin of 23.58% and a negative return on equity of 43.25%. The company had revenue of $368.28 million for the quarter, compared to analysts’ expectations of $347.77 million. During the same quarter last year, the company posted ($1.15) earnings per share. The firm’s quarterly revenue was up 29.0% on a year-over-year basis. Research analysts expect that MongoDB, Inc. will post -2.8 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Barclays increased their price target on shares of MongoDB from $421.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday. The Goldman Sachs Group increased their price target on shares of MongoDB from $420.00 to $440.00 in a research note on Friday, June 23rd. KeyCorp increased their price target on shares of MongoDB from $372.00 to $462.00 and gave the stock an “overweight” rating in a research note on Friday, July 21st. Morgan Stanley upped their price objective on shares of MongoDB from $440.00 to $480.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Piper Sandler upped their price objective on shares of MongoDB from $400.00 to $425.00 and gave the stock an “overweight” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and a consensus price target of $405.35.

View Our Latest Report on MongoDB

MongoDB Company Profile

(Free Report)

MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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.

Further Reading

Want to see what other hedge funds are holding MDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MongoDB, Inc. (NASDAQ:MDB – Free Report).

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.

Article originally posted on mongodb google news. Visit mongodb google news

Posted on mongodb google news. Visit mongodb google news

MongoDB (NASDAQ:MDB – Get Free Report) had its price objective boosted by analysts at Morgan Stanley from $440.00 to $480.00 in a research note issued on Friday, Marketbeat Ratings reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s price objective points to a potential upside of 22.17% from the company’s current price.

MDB has been the subject of several other reports. Truist Financial increased their price objective on shares of MongoDB from $365.00 to $420.00 in a research report on Friday, June 23rd. Guggenheim lifted their price objective on shares of MongoDB from $220.00 to $250.00 and gave the stock a “sell” rating in a research note on Friday. Royal Bank of Canada upped their target price on MongoDB from $400.00 to $445.00 in a research report on Friday, June 23rd. Oppenheimer lifted their price target on MongoDB from $270.00 to $430.00 in a research report on Friday, June 2nd. Finally, The Goldman Sachs Group increased their price objective on MongoDB from $420.00 to $440.00 in a report on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and an average price target of $405.35.

Get Our Latest Report on MongoDB

MongoDB Price Performance

NASDAQ MDB opened at $392.88 on Friday. MongoDB has a 12-month low of $135.15 and a 12-month high of $439.00. The firm’s fifty day simple moving average is $389.98 and its two-hundred day simple moving average is $304.60. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $27.73 billion, a P/E ratio of -84.13 and a beta of 1.13.

MongoDB (NASDAQ:MDB – Get Free Report) last announced its 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 firm had revenue of $368.28 million for the quarter, compared to the consensus estimate of $347.77 million. MongoDB had a negative return on equity of 43.25% and a negative net margin of 23.58%. The firm’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same period in the previous year, the business earned ($1.15) EPS. Analysts forecast that MongoDB will post -2.8 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Thomas Bull sold 516 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $406.78, for a total transaction of $209,898.48. Following the sale, the chief accounting officer now directly owns 17,190 shares in the company, valued at approximately $6,992,548.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other MongoDB news, CEO Dev Ittycheria sold 50,000 shares of the company’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $407.07, for a total transaction of $20,353,500.00. Following the completion of the transaction, the chief executive officer now directly owns 218,085 shares in the company, valued at $88,775,860.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Thomas Bull sold 516 shares of MongoDB stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $406.78, for a total transaction of $209,898.48. Following the completion of the sale, the chief accounting officer now owns 17,190 shares in the company, valued at approximately $6,992,548.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 76,551 shares of company stock worth $31,143,942. Company insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. GPS Wealth Strategies Group LLC purchased a new stake in MongoDB during the 2nd quarter worth approximately $26,000. KB Financial Partners LLC acquired a new stake in shares of MongoDB in the second quarter worth approximately $27,000. Capital Advisors Ltd. LLC increased its position in shares of MongoDB by 131.0% during the second quarter. Capital Advisors Ltd. LLC now owns 67 shares of the company’s stock worth $28,000 after purchasing an additional 38 shares in the last quarter. Bessemer Group Inc. acquired a new position in MongoDB in the 4th quarter valued at $29,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in MongoDB during the 4th quarter worth $30,000. 88.89% of the stock is owned by hedge funds and other institutional investors.

About MongoDB

(Get Free Report)

MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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.

Read More

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.

Article originally posted on mongodb google news. Visit mongodb google news

Posted on mongodb google news. Visit mongodb google news

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Article originally posted on mongodb google news. Visit mongodb google news

Posted on mongodb google news. Visit mongodb google news

MongoDB (NASDAQ:MDB – Free Report) had its target price hoisted by Oppenheimer from $430.00 to $480.00 in a research note issued to investors on Friday, Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Other equities analysts also recently issued research reports about the stock. Sanford C. Bernstein boosted their target price on shares of MongoDB from $257.00 to $424.00 in a research note on Monday, June 5th. Capital One Financial initiated coverage on MongoDB in a report on Monday, June 26th. They issued an equal weight rating and a $396.00 price objective for the company. Macquarie lifted their target price on shares of MongoDB from $434.00 to $456.00 in a report on Friday. UBS Group increased their price target on shares of MongoDB from $425.00 to $465.00 and gave the stock a buy rating in a research note on Friday. Finally, Mizuho lifted their price objective on shares of MongoDB from $240.00 to $260.00 in a research note on Friday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $405.35.

Check Out Our Latest Report on MDB

MongoDB Price Performance

MDB stock opened at $392.88 on Friday. The business’s 50-day moving average is $389.98 and its two-hundred day moving average is $304.08. The company has a debt-to-equity ratio of 1.44, a current ratio of 4.19 and a quick ratio of 4.19. The firm has a market capitalization of $27.73 billion, a P/E ratio of -84.13 and a beta of 1.13. MongoDB has a 1 year low of $135.15 and a 1 year high of $439.00.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings results on Thursday, June 1st. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.38. MongoDB had a negative net margin of 23.58% and a negative return on equity of 43.25%. The company had revenue of $368.28 million during the quarter, compared to the consensus estimate of $347.77 million. During the same quarter in the previous year, the firm earned ($1.15) earnings per share. The firm’s quarterly revenue was up 29.0% on a year-over-year basis. Analysts anticipate that MongoDB will post -2.8 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Hope F. Cochran sold 2,174 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $373.19, for a total transaction of $811,315.06. Following the sale, the director now owns 8,200 shares of the company’s stock, valued at $3,060,158. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Hope F. Cochran sold 2,174 shares of MongoDB stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $373.19, for a total transaction of $811,315.06. Following the completion of the transaction, the director now directly owns 8,200 shares of the company’s stock, valued at $3,060,158. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Thomas Bull sold 516 shares of the business’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $406.78, for a total value of $209,898.48. Following the sale, the chief accounting officer now owns 17,190 shares in the company, valued at $6,992,548.20. The disclosure for this sale can be found here. Insiders sold 76,551 shares of company stock worth $31,143,942 in the last 90 days. 4.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of MDB. Raymond James & Associates boosted its stake in MongoDB by 32.0% in the 1st quarter. Raymond James & Associates now owns 4,922 shares of the company’s stock worth $2,183,000 after buying an additional 1,192 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of MongoDB by 19.1% in the first quarter. PNC Financial Services Group Inc. now owns 1,282 shares of the company’s stock worth $569,000 after acquiring an additional 206 shares in the last quarter. MetLife Investment Management LLC purchased a new position in shares of MongoDB in the 1st quarter valued at $1,823,000. Panagora Asset Management Inc. increased its holdings in MongoDB by 9.8% in the 1st quarter. Panagora Asset Management Inc. now owns 1,977 shares of the company’s stock valued at $877,000 after purchasing an additional 176 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its position in MongoDB by 100.3% in the first quarter. Vontobel Holding Ltd. now owns 2,873 shares of the company’s stock valued at $1,236,000 after purchasing an additional 1,439 shares during the period. 88.89% of the stock is owned by hedge funds and other institutional investors.

MongoDB Company Profile

(Get Free Report)

MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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.

Featured Stories

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.

Article originally posted on mongodb google news. Visit mongodb google news

Posted on mongodb google news. Visit mongodb google news

MongoDB (NASDAQ:MDB – Free Report) had its price objective lifted by Mizuho from $240.00 to $260.00 in a research note issued to investors on Friday, FlyOnTheWall reports.

Several other brokerages have also weighed in on MDB. KeyCorp lifted their price objective on MongoDB from $372.00 to $462.00 and gave the stock an overweight rating in a report on Friday, July 21st. Barclays raised their price objective on shares of MongoDB from $421.00 to $450.00 and gave the stock an overweight rating in a report on Friday. The Goldman Sachs Group upped their target price on shares of MongoDB from $420.00 to $440.00 in a research note on Friday, June 23rd. Guggenheim cut shares of MongoDB from a neutral rating to a sell rating and raised their price target for the stock from $205.00 to $210.00 in a research note on Thursday, May 25th. They noted that the move was a valuation call. Finally, William Blair reiterated an outperform rating on shares of MongoDB in a research note on Friday, June 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $405.35.

Read Our Latest Stock Analysis on MDB

MongoDB Stock Performance

NASDAQ MDB opened at $392.88 on Friday. The company’s fifty day moving average is $389.98 and its two-hundred day moving average is $304.08. MongoDB has a 52-week low of $135.15 and a 52-week high of $439.00. The company has a debt-to-equity ratio of 1.44, a current ratio of 4.19 and a quick ratio of 4.19. The firm has a market capitalization of $27.73 billion, a price-to-earnings ratio of -84.13 and a beta of 1.13.

MongoDB (NASDAQ:MDB – Get Free Report) last released its earnings results on Thursday, June 1st. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.38. The business had revenue of $368.28 million for the quarter, compared to the consensus estimate of $347.77 million. MongoDB had a negative return on equity of 43.25% and a negative net margin of 23.58%. The firm’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same period last year, the business earned ($1.15) earnings per share. Equities research analysts forecast that MongoDB will post -2.8 EPS for the current year.

Insider Activity at MongoDB

In other MongoDB news, CRO Cedric Pech sold 360 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $406.79, for a total transaction of $146,444.40. Following the transaction, the executive now owns 37,156 shares of the company’s stock, valued at approximately $15,114,689.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other MongoDB news, CRO Cedric Pech sold 360 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $406.79, for a total transaction of $146,444.40. Following the completion of the sale, the executive now directly owns 37,156 shares of the company’s stock, valued at approximately $15,114,689.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dev Ittycheria sold 50,000 shares of the company’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $407.07, for a total transaction of $20,353,500.00. Following the transaction, the chief executive officer now owns 218,085 shares in the company, valued at $88,775,860.95. The disclosure for this sale can be found here. Insiders sold a total of 76,551 shares of company stock valued at $31,143,942 over the last quarter. Corporate insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On MongoDB

A number of institutional investors have recently made changes to their positions in MDB. Jennison Associates LLC grew its position in shares of MongoDB by 101,056.3% during the 2nd quarter. Jennison Associates LLC now owns 1,988,733 shares of the company’s stock worth $817,350,000 after buying an additional 1,986,767 shares during the period. 1832 Asset Management L.P. boosted its stake in MongoDB by 3,283,771.0% during the 4th quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock worth $200,383,000 after acquiring an additional 1,017,969 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in MongoDB by 13.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,593,996 shares of the company’s stock valued at $1,770,313,000 after purchasing an additional 897,911 shares during the period. Renaissance Technologies LLC increased its stake in MongoDB by 493.2% in the fourth quarter. Renaissance Technologies LLC now owns 918,200 shares of the company’s stock valued at $180,738,000 after purchasing an additional 763,400 shares in the last quarter. Finally, Norges Bank acquired a new stake in MongoDB in the fourth quarter worth $147,735,000. 88.89% of the stock is owned by institutional investors and hedge funds.

About MongoDB

(Get Free Report)

MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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.

Recommended Stories

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.

Article originally posted on mongodb google news. Visit mongodb google news

Posted on mongodb google news. Visit mongodb google news

MongoDB (NASDAQ:MDB – Free Report) had its target price hoisted by Guggenheim from $220.00 to $250.00 in a research note issued to investors on Friday, MarketBeat.com reports. Guggenheim currently has a sell rating on the stock.

A number of other analysts have also recently commented on MDB. William Blair reissued an outperform rating on shares of MongoDB in a research note on Friday, June 2nd. Stifel Nicolaus upped their target price on shares of MongoDB from $375.00 to $420.00 in a report on Friday, June 23rd. Capital One Financial assumed coverage on shares of MongoDB in a research note on Monday, June 26th. They issued an equal weight rating and a $396.00 target price on the stock. The Goldman Sachs Group upped their target price on MongoDB from $420.00 to $440.00 in a report on Friday, June 23rd. Finally, Tigress Financial lifted their price target on MongoDB from $365.00 to $490.00 in a report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $405.35.

Check Out Our Latest Research Report on MongoDB

MongoDB Trading Up 3.0 %

MongoDB stock opened at $392.88 on Friday. The firm has a market cap of $27.73 billion, a PE ratio of -84.13 and a beta of 1.13. MongoDB has a 12 month low of $135.15 and a 12 month high of $439.00. The stock’s 50 day simple moving average is $389.98 and its two-hundred day simple moving average is $304.08. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 1.44.

MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly earnings data on Thursday, June 1st. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.38. MongoDB had a negative net margin of 23.58% and a negative return on equity of 43.25%. The company had revenue of $368.28 million during the quarter, compared to analysts’ expectations of $347.77 million. During the same quarter in the previous year, the company earned ($1.15) earnings per share. The firm’s revenue for the quarter was up 29.0% on a year-over-year basis. Analysts anticipate that MongoDB will post -2.8 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction on Friday, August 4th. The stock was sold at an average price of $415.06, for a total value of $2,490,360.00. Following the completion of the transaction, the director now directly owns 1,207,159 shares in the company, valued at $501,043,414.54. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Hope F. Cochran sold 2,174 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $373.19, for a total transaction of $811,315.06. Following the sale, the director now directly owns 8,200 shares in the company, valued at $3,060,158. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $415.06, for a total transaction of $2,490,360.00. Following the completion of the transaction, the director now owns 1,207,159 shares of the company’s stock, valued at approximately $501,043,414.54. The disclosure for this sale can be found here. Insiders sold a total of 76,551 shares of company stock worth $31,143,942 over the last 90 days. Corporate insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On MongoDB

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its stake in shares of MongoDB by 13.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,593,996 shares of the company’s stock worth $1,770,313,000 after purchasing an additional 897,911 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of MongoDB by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 5,970,224 shares of the company’s stock valued at $2,648,332,000 after acquiring an additional 121,201 shares during the last quarter. Jennison Associates LLC raised its position in shares of MongoDB by 101,056.3% during the 2nd quarter. Jennison Associates LLC now owns 1,988,733 shares of the company’s stock worth $817,350,000 after acquiring an additional 1,986,767 shares in the last quarter. Franklin Resources Inc. lifted its stake in MongoDB by 6.4% during the fourth quarter. Franklin Resources Inc. now owns 1,962,574 shares of the company’s stock worth $386,313,000 after purchasing an additional 118,055 shares during the last quarter. Finally, State Street Corp boosted its holdings in MongoDB by 1.8% in the first quarter. State Street Corp now owns 1,386,773 shares of the company’s stock valued at $323,280,000 after purchasing an additional 24,595 shares in the last quarter. 88.89% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Company Profile

(Get Free Report)

MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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.

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Article originally posted on mongodb google news. Visit mongodb google news

Posted on mongodb google news. Visit mongodb google news

MongoDB Inc. recently announced its second-quarter fiscal year 2024 earnings, showcasing a 40% year-over-year growth in revenue, reaching $424 million. The company’s success surpassed their guidance’s high-end forecast. MongoDB’s flagship product, Atlas, contributed significantly to this growth, with a 38% YoY increase in revenue and accounting for 63% of the total revenue. Additionally, MongoDB achieved a non-GAAP operating margin of 19%, a record for the company.

Despite the challenging market conditions, MongoDB continues to expand and innovate its product offerings. During the conference call, the company unveiled several new updates. They introduced Atlas Stream Processing, allowing developers to create sophisticated event-driven applications easily. The company also announced the general availability of Relational Migrator, making the migration of existing relational applications to MongoDB more straightforward. Furthermore, MongoDB introduced Atlas Vector Search, simplifying the process of storing, indexing, and querying vector embeddings. These enhancements position MongoDB to capture more workloads rapidly and efficiently.

In terms of customer growth, MongoDB added 1,900 new customers during the second quarter. The direct sales team was particularly effective in acquiring enterprise customers. The company’s Enterprise Advanced and non-Atlas businesses exceeded expectations, indicating a strong product-market fit and the appeal of MongoDB’s run-anywhere strategy. Additionally, MongoDB’s high retention rates in Q2 highlight the platform’s mission-criticality, even in a challenging spending environment.

MongoDB is also emerging as a preferred platform for AI applications. With its flexible and versatile document model, MongoDB is well-suited for AI projects. The platform supports high-performance parallel computations and scalable data processing for large datasets. In terms of customer engagement, MongoDB focuses on reducing friction in the sales process to acquire workloads quickly and cost-effectively.

Several well-known companies across various industries, such as Renault, Hootsuite, and Ford, are successfully running mission-critical projects on MongoDB Atlas. Ford, for example, experienced a 50% performance improvement and faster read/write times since migrating to MongoDB Atlas. Another success story involves Cathay Pacific, Hong Kong’s flagship airline, which adopted MongoDB to create a paperless flight deck, resulting in an estimated cost savings of $12.5 million.

Looking ahead, MongoDB expects revenue for the third quarter to be between $400 million and $404 million. For the full fiscal year 2024, the company’s revenue is estimated to reach $1.596 billion to $1.608 billion. MongoDB is confident in its run-anywhere strategy and plans to continue investing to pursue long-term opportunities, despite the challenging macroeconomic environment.

Source: GuruFocus

Article originally posted on mongodb google news. Visit mongodb google news

Posted on mongodb google news. Visit mongodb google news

MongoDB (NASDAQ:MDB – Get Free Report)‘s stock had its “outperform” rating reissued by investment analysts at Royal Bank of Canada in a note issued to investors on Friday, Benzinga reports. They presently have a $445.00 price objective on the stock. Royal Bank of Canada’s target price indicates a potential upside of 13.27% from the company’s previous close.

MDB has been the topic of a number of other research reports. Piper Sandler increased their target price on MongoDB from $400.00 to $425.00 and gave the company an “overweight” rating in a research note on Friday. Needham & Company LLC boosted their price objective on shares of MongoDB from $430.00 to $445.00 and gave the stock a “buy” rating in a report on Friday. Truist Financial boosted their price target on shares of MongoDB from $420.00 to $430.00 and gave the stock a “buy” rating in a research note on Friday. Macquarie increased their target price on MongoDB from $434.00 to $456.00 in a report on Friday. Finally, Tigress Financial lifted their price target on MongoDB from $365.00 to $490.00 in a research note on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $405.35.

Check Out Our Latest Report on MDB

MongoDB Price Performance

MDB traded up $11.58 during trading on Friday, reaching $392.88. 5,887,726 shares of the company were exchanged, compared to its average volume of 1,709,101. MongoDB has a 12-month low of $135.15 and a 12-month high of $439.00. The company’s 50-day moving average is $389.93 and its two-hundred day moving average is $302.86. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 1.44. The company has a market cap of $27.73 billion, a price-to-earnings ratio of -84.13 and a beta of 1.13.

MongoDB (NASDAQ:MDB – Get Free Report) last posted its earnings results on Thursday, June 1st. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.18 by $0.38. The business had revenue of $368.28 million during the quarter, compared to analysts’ expectations of $347.77 million. MongoDB had a negative return on equity of 43.25% and a negative net margin of 23.58%. The firm’s revenue was up 29.0% on a year-over-year basis. During the same period in the previous year, the business earned ($1.15) earnings per share. Research analysts forecast that MongoDB will post -2.8 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $420.00, for a total value of $420,000.00. Following the sale, the director now directly owns 1,213,159 shares of the company’s stock, valued at $509,526,780. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $420.00, for a total value of $420,000.00. Following the completion of the transaction, the director now directly owns 1,213,159 shares in the company, valued at approximately $509,526,780. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CRO Cedric Pech sold 360 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $406.79, for a total value of $146,444.40. Following the sale, the executive now owns 37,156 shares in the company, valued at $15,114,689.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 76,551 shares of company stock worth $31,143,942. Insiders own 4.80% of the company’s stock.

Institutional Trading of MongoDB

Institutional investors have recently made changes to their positions in the stock. Raymond James & Associates increased its position in MongoDB by 32.0% during the first quarter. Raymond James & Associates now owns 4,922 shares of the company’s stock valued at $2,183,000 after acquiring an additional 1,192 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of MongoDB by 19.1% in the first quarter. PNC Financial Services Group Inc. now owns 1,282 shares of the company’s stock worth $569,000 after buying an additional 206 shares during the last quarter. MetLife Investment Management LLC bought a new stake in MongoDB during the first quarter valued at approximately $1,823,000. Panagora Asset Management Inc. grew its position in MongoDB by 9.8% during the first quarter. Panagora Asset Management Inc. now owns 1,977 shares of the company’s stock valued at $877,000 after buying an additional 176 shares during the period. Finally, Vontobel Holding Ltd. increased its stake in shares of MongoDB by 100.3% in the 1st quarter. Vontobel Holding Ltd. now owns 2,873 shares of the company’s stock worth $1,236,000 after purchasing an additional 1,439 shares in the last quarter. Hedge funds and other institutional investors own 88.89% of the company’s stock.

MongoDB Company Profile

(Get Free Report)

MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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.

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Article originally posted on mongodb google news. Visit mongodb google news