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Equities research analysts at DA Davidson initiated coverage on shares of MongoDB (NASDAQ:MDB – Get Free Report) in a note issued to investors on Friday, Benzinga reports. The firm set a “neutral” rating and a $405.00 price target on the stock. DA Davidson’s price objective would suggest a potential upside of 1.17% from the stock’s previous close.
MDB has been the subject of a number of other research reports. Wells Fargo & Company initiated coverage on MongoDB in a report on Thursday, November 16th. They issued an “overweight” rating and a $500.00 price objective for the company. Piper Sandler upped their price objective on MongoDB from $425.00 to $500.00 and gave the company an “overweight” rating in a report on Wednesday, December 6th. Capital One Financial upgraded MongoDB from an “equal weight” rating to an “overweight” rating and set a $427.00 price objective for the company in a report on Wednesday, November 8th. Bank of America initiated coverage on MongoDB in a report on Thursday, October 12th. They issued a “buy” rating and a $450.00 price objective for the company. Finally, Mizuho upped their price objective on MongoDB from $330.00 to $420.00 and gave the company a “neutral” rating in a report on Wednesday, December 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and a consensus target price of $429.50.
MongoDB Trading Down 2.4 %
MDB stock opened at $400.30 on Friday. The company has a market cap of $28.89 billion, a P/E ratio of -151.63 and a beta of 1.23. MongoDB has a twelve month low of $189.59 and a twelve month high of $442.84. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.18. The business has a fifty day moving average of $402.32 and a 200-day moving average of $381.01.
MongoDB (NASDAQ:MDB – Get Free Report) last released its earnings results on Tuesday, December 5th. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.45. The company had revenue of $432.94 million during the quarter, compared to the consensus estimate of $406.33 million. MongoDB had a negative return on equity of 20.64% and a negative net margin of 11.70%. The firm’s quarterly revenue was up 29.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($1.23) earnings per share. As a group, equities research analysts expect that MongoDB will post -1.64 EPS for the current year.
Insider Activity at MongoDB
In related news, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $345.21, for a total transaction of $345,210.00. Following the completion of the transaction, the director now directly owns 533,896 shares of the company’s stock, valued at $184,306,238.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other MongoDB news, Director Dwight A. Merriman sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $332.23, for a total value of $1,328,920.00. Following the sale, the director now owns 1,191,159 shares in the company, valued at $395,738,754.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $345.21, for a total value of $345,210.00. Following the completion of the sale, the director now owns 533,896 shares in the company, valued at approximately $184,306,238.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 149,277 shares of company stock valued at $57,223,711. Insiders own 4.80% of the company’s stock.
Institutional Trading of MongoDB
Institutional investors and hedge funds have recently bought and sold shares of the business. KB Financial Partners LLC bought a new position in shares of MongoDB during the second quarter worth approximately $27,000. Capital Advisors Ltd. LLC increased its stake 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 during the period. Blue Trust Inc. increased its stake in shares of MongoDB by 937.5% during the fourth quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after purchasing an additional 75 shares during the period. BluePath Capital Management LLC bought a new position in shares of MongoDB during the third quarter worth approximately $30,000. Finally, Parkside Financial Bank & Trust increased 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 worth $39,000 after purchasing an additional 60 shares during the period. Institutional investors own 88.89% of the company’s stock.
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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