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Shares of MongoDB, Inc. (NASDAQ:MDB – Get Rating) have earned an average rating of “Moderate Buy” from the twenty-four research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-one have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $349.87.
Several research firms have recently weighed in on MDB. Robert W. Baird lifted their target price on MongoDB from $390.00 to $430.00 in a research report on Friday. Wedbush decreased their price objective on MongoDB from $240.00 to $230.00 in a report on Thursday, March 9th. Barclays lifted their price objective on MongoDB from $280.00 to $374.00 in a report on Friday, June 2nd. Oppenheimer lifted their price objective on MongoDB from $270.00 to $430.00 in a report on Friday, June 2nd. Finally, Sanford C. Bernstein lifted their price objective on MongoDB from $257.00 to $424.00 in a report on Monday, June 5th.
Insider Buying and Selling
In other MongoDB news, CRO Cedric Pech sold 720 shares of the company’s stock in a transaction 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 completion of the sale, the executive now directly owns 53,050 shares in the company, valued at approximately $12,112,906.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CRO Cedric Pech sold 720 shares of the stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $228.33, for a total transaction of $164,397.60. Following the transaction, the executive now owns 53,050 shares of the company’s stock, valued at approximately $12,112,906.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Thomas Bull sold 605 shares of the stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $228.34, for a total value of $138,145.70. Following the transaction, the chief accounting officer now directly owns 17,706 shares in the company, valued at approximately $4,042,988.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 108,856 shares of company stock worth $27,327,511. 4.80% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in MDB. 1832 Asset Management L.P. increased its holdings in shares of MongoDB by 3,283,771.0% in 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 purchasing an additional 1,017,969 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of MongoDB by 13.4% in 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 acquiring an additional 897,911 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of 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 acquiring an additional 763,400 shares in the last quarter. Norges Bank purchased a new stake in shares of MongoDB in the fourth quarter valued at $147,735,000. Finally, Champlain Investment Partners LLC purchased a new position in MongoDB during the first quarter worth about $89,157,000. Institutional investors and hedge funds own 89.22% of the company’s stock.
MongoDB Trading Up 0.4 %
MDB stock opened at $389.99 on Friday. The firm has a fifty day moving average price of $295.63 and a 200 day moving average price of $238.81. MongoDB has a fifty-two week low of $135.15 and a fifty-two week high of $398.89. The company has a debt-to-equity ratio of 1.44, a quick ratio of 4.19 and a current ratio of 4.19. The firm has a market cap of $27.31 billion, a PE ratio of -83.51 and a beta of 1.04.
MongoDB (NASDAQ:MDB – Get Rating) 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. The company had revenue of $368.28 million during 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%. MongoDB’s revenue was up 29.0% on a year-over-year basis. During the same period last year, the company earned ($1.15) earnings per share. Sell-side analysts anticipate that MongoDB will post -2.85 earnings per share for the current fiscal year.
MongoDB Company Profile
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