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Shares of MongoDB, Inc. (NASDAQ:MDB – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the twenty-four brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $366.59.
Several brokerages have recently commented on MDB. Piper Sandler increased their price objective on MongoDB from $270.00 to $400.00 in a research report on Friday, June 2nd. Oppenheimer boosted their target price on MongoDB from $270.00 to $430.00 in a research note on Friday, June 2nd. Royal Bank of Canada boosted their target price on MongoDB from $400.00 to $445.00 in a research note on Friday, June 23rd. Citigroup lifted their price target on MongoDB from $363.00 to $430.00 in a research report on Friday, June 2nd. Finally, William Blair restated an “outperform” rating on shares of MongoDB in a research report on Friday, June 2nd.
MongoDB Stock Up 1.2 %
Shares of NASDAQ:MDB opened at $431.21 on Thursday. MongoDB has a 1 year low of $135.15 and a 1 year 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 business has a fifty day moving average price of $356.64 and a two-hundred day moving average price of $264.70. The company has a market capitalization of $30.44 billion, a PE ratio of -92.34 and a beta of 1.13.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings results on Thursday, June 1st. The company reported $0.56 EPS for the quarter, beating 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 analysts’ expectations of $347.77 million. During the same quarter in the prior year, the firm earned ($1.15) EPS. The business’s revenue for the quarter was up 29.0% compared to the same quarter last year. Analysts forecast that MongoDB will post -2.8 earnings per share for the current year.
Insider Buying and Selling at MongoDB
In other news, Director Dwight A. Merriman sold 2,000 shares of the firm’s stock in a transaction on Wednesday, April 26th. The stock was sold at an average price of $240.00, for a total value of $480,000.00. Following the completion of the sale, the director now owns 1,225,954 shares of the company’s stock, valued at approximately $294,228,960. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $240.00, for a total transaction of $480,000.00. Following the completion of the transaction, the director now owns 1,225,954 shares in the company, valued at approximately $294,228,960. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Cedric Pech sold 15,534 shares of MongoDB stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $250.00, for a total value of $3,883,500.00. Following the completion of the transaction, the executive now owns 37,516 shares of the company’s stock, valued at approximately $9,379,000. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 117,427 shares of company stock valued at $41,364,961. 4.80% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. GPS Wealth Strategies Group LLC acquired a new position in shares of MongoDB in the 2nd quarter valued at $26,000. Global Retirement Partners LLC boosted its holdings in 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 buying an additional 104 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in MongoDB by 174.5% during the second quarter. Pacer Advisors Inc. now owns 140 shares of the company’s stock worth $58,000 after buying an additional 89 shares in the last quarter. Bessemer Group Inc. bought a new stake in MongoDB during the fourth quarter worth approximately $29,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of MongoDB in the 4th quarter valued at approximately $30,000. 89.22% of the stock is owned by hedge funds and other 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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