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MongoDB (NASDAQ:MDB – Get Rating) was downgraded by research analysts at Guggenheim from a “neutral” rating to a “sell” rating in a note issued to investors on Thursday, The Fly reports. The analysts noted that the move was a valuation call.
MDB has been the topic of several other reports. Tigress Financial reissued a “buy” rating and issued a $365.00 price objective on shares of MongoDB in a research note on Thursday, April 20th. KeyCorp boosted their price objective on shares of MongoDB from $229.00 to $264.00 and gave the company an “overweight” rating in a research note on Thursday, April 20th. The Goldman Sachs Group lowered their price target on shares of MongoDB from $325.00 to $280.00 and set a “buy” rating on the stock in a research note on Thursday, March 9th. Oppenheimer lowered their price target on shares of MongoDB from $320.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday, March 9th. Finally, Citigroup lowered their price target on shares of MongoDB from $300.00 to $295.00 and set a “buy” rating on the stock in a research note on Tuesday, March 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $257.00.
MongoDB Stock Up 2.6 %
MDB stock opened at $284.91 on Thursday. The company has a debt-to-equity ratio of 1.54, a current ratio of 3.80 and a quick ratio of 3.80. The company has a market cap of $19.96 billion, a price-to-earnings ratio of -56.53 and a beta of 1.06. The company has a fifty day moving average price of $235.49 and a 200 day moving average price of $207.97. MongoDB has a 12 month low of $135.15 and a 12 month high of $390.84.
MongoDB (NASDAQ:MDB – Get Rating) last announced its quarterly earnings data on Wednesday, March 8th. The company reported ($0.98) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.18) by $0.20. The company had revenue of $361.31 million for the quarter, compared to analysts’ expectations of $335.84 million. MongoDB had a negative net margin of 26.90% and a negative return on equity of 48.38%. Sell-side analysts expect that MongoDB will post -4.04 earnings per share for the current year.
Insider Buying and Selling at MongoDB
In other MongoDB news, CTO Mark Porter sold 2,673 shares of the company’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $250.00, for a total value of $668,250.00. Following the transaction, the chief technology officer now directly owns 40,336 shares in the company, valued at approximately $10,084,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other MongoDB news, CTO Mark Porter sold 2,673 shares of the company’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $250.00, for a total value of $668,250.00. Following the transaction, the chief technology officer now directly owns 40,336 shares in the company, valued at approximately $10,084,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CRO Cedric Pech sold 15,534 shares of the company’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $250.00, for a total transaction of $3,883,500.00. Following the completion of the transaction, the executive now owns 37,516 shares in the company, valued at $9,379,000. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 135,108 shares of company stock worth $30,127,927. Corporate insiders own 4.80% of the company’s stock.
Institutional Investors Weigh In On MongoDB
Several hedge funds have recently modified their holdings of MDB. Raymond James & Associates boosted its position in shares of MongoDB by 32.0% in the first quarter. Raymond James & Associates now owns 4,922 shares of the company’s stock worth $2,183,000 after acquiring an additional 1,192 shares during the last quarter. PNC Financial Services Group Inc. boosted 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 during the last quarter. MetLife Investment Management LLC acquired a new stake in shares of MongoDB in the first quarter worth approximately $1,823,000. Panagora Asset Management Inc. boosted its position in shares of MongoDB by 9.8% in the first quarter. Panagora Asset Management Inc. now owns 1,977 shares of the company’s stock worth $877,000 after acquiring an additional 176 shares during the last quarter. Finally, Vontobel Holding Ltd. boosted its position in shares of MongoDB by 100.3% in the first quarter. Vontobel Holding Ltd. now owns 2,873 shares of the company’s stock worth $1,236,000 after acquiring an additional 1,439 shares during the last quarter. 84.86% of the stock is owned by institutional investors and hedge funds.
About MongoDB
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.
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Article originally posted on mongodb google news. Visit mongodb google news