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MongoDB (NASDAQ:MDB – Free Report) had its target price boosted by Tigress Financial from $365.00 to $490.00 in a research note published on Wednesday morning, The Fly reports.
A number of other equities research analysts have also issued reports on MDB. The Goldman Sachs Group lifted their target price on shares of MongoDB from $420.00 to $440.00 in a research note on Friday, June 23rd. Oppenheimer lifted their price objective on shares of MongoDB from $270.00 to $430.00 in a research note on Friday, June 2nd. Barclays lifted their price objective on shares of MongoDB from $374.00 to $421.00 in a research note on Monday. Truist Financial lifted their price objective on shares of MongoDB from $365.00 to $420.00 in a research note on Friday, June 23rd. Finally, Stifel Nicolaus lifted their price objective on shares of MongoDB from $375.00 to $420.00 in a research note on Friday, June 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $358.96.
MongoDB Trading Up 2.5 %
Shares of NASDAQ:MDB opened at $398.02 on Wednesday. The firm has a fifty day moving average of $305.26 and a two-hundred day moving average of $243.01. The firm has a market capitalization of $27.88 billion, a P/E ratio of -85.23 and a beta of 1.04. MongoDB has a 12-month low of $135.15 and a 12-month high of $414.48. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 1.44.
MongoDB (NASDAQ:MDB – Free Report) last issued its earnings results on Thursday, June 1st. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.38. The company had revenue of $368.28 million during the quarter, compared to analyst estimates of $347.77 million. MongoDB had a negative net margin of 23.58% and a negative return on equity of 43.25%. The company’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same quarter last year, the business posted ($1.15) EPS. On average, equities analysts expect that MongoDB will post -2.85 EPS for the current fiscal year.
Insider Transactions at MongoDB
In related news, Director Hope F. Cochran sold 1,175 shares of the company’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $228.33, for a total value of $268,287.75. Following the sale, the director now owns 9,437 shares of the company’s stock, valued at $2,154,750.21. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CRO Cedric Pech sold 720 shares of the company’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $228.33, for a total value of $164,397.60. Following the sale, the executive now owns 53,050 shares of the company’s stock, valued at $12,112,906.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Hope F. Cochran sold 1,175 shares of the company’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $228.33, for a total transaction of $268,287.75. Following the completion of the sale, the director now directly owns 9,437 shares in the company, valued at approximately $2,154,750.21. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 108,856 shares of company stock worth $27,327,511. 4.80% of the stock is currently owned by company insiders.
Institutional Trading of MongoDB
Large investors have recently added to or reduced their stakes in the company. Cherry Creek Investment Advisors Inc. boosted its stake in MongoDB by 1.5% in the fourth quarter. Cherry Creek Investment Advisors Inc. now owns 3,283 shares of the company’s stock valued at $646,000 after acquiring an additional 50 shares during the last quarter. CWM LLC boosted its stake in MongoDB by 2.4% in the first quarter. CWM LLC now owns 2,235 shares of the company’s stock valued at $521,000 after acquiring an additional 52 shares during the last quarter. First Horizon Advisors Inc. boosted its position in shares of MongoDB by 29.5% during the first quarter. First Horizon Advisors Inc. now owns 228 shares of the company’s stock worth $53,000 after purchasing an additional 52 shares in the last quarter. Allworth Financial LP boosted its position in shares of MongoDB by 12.9% during the fourth quarter. Allworth Financial LP now owns 508 shares of the company’s stock worth $100,000 after purchasing an additional 58 shares in the last quarter. Finally, Bleakley Financial Group LLC boosted its position in shares of MongoDB by 5.3% during the first quarter. Bleakley Financial Group LLC now owns 1,144 shares of the company’s stock worth $267,000 after purchasing an additional 58 shares in the last quarter. 89.22% of the stock is owned by institutional investors.
About MongoDB
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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