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Shares of MongoDB, Inc. (NASDAQ:MDB – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-six research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, nineteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $355.74.
MDB has been the topic of several research reports. Oppenheimer decreased their target price on MongoDB from $480.00 to $300.00 and set an “outperform” rating on the stock in a research note on Friday, May 31st. Monness Crespi & Hardt upgraded shares of MongoDB to a “hold” rating in a report on Tuesday, May 28th. Truist Financial reduced their target price on shares of MongoDB from $475.00 to $300.00 and set a “buy” rating on the stock in a report on Friday, May 31st. Canaccord Genuity Group cut their price objective on MongoDB from $435.00 to $325.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. Finally, Loop Capital decreased their target price on MongoDB from $415.00 to $315.00 and set a “buy” rating for the company in a report on Friday, May 31st.
Read Our Latest Stock Report on MDB
MongoDB Trading Down 0.2 %
MongoDB stock traded down $0.55 during mid-day trading on Monday, hitting $252.95. The company’s stock had a trading volume of 224,707 shares, compared to its average volume of 1,522,184. The firm has a market capitalization of $18.55 billion, a PE ratio of -90.21 and a beta of 1.13. MongoDB has a 1 year low of $214.74 and a 1 year high of $509.62. The stock’s fifty day moving average is $261.27 and its two-hundred day moving average is $345.66. The company has a current ratio of 4.93, a quick ratio of 4.93 and a debt-to-equity ratio of 0.90.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings data on Thursday, May 30th. The company reported ($0.80) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.80). The firm had revenue of $450.56 million during the quarter, compared to analysts’ expectations of $438.44 million. MongoDB had a negative net margin of 11.50% and a negative return on equity of 14.88%. On average, analysts anticipate that MongoDB will post -2.67 EPS for the current year.
Insider Buying and Selling
In other news, CAO Thomas Bull sold 138 shares of the stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total value of $36,610.02. Following the completion of the transaction, the chief accounting officer now owns 17,222 shares in the company, valued at approximately $4,568,824.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Dwight A. Merriman sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $374.95, for a total value of $2,249,700.00. Following the completion of the transaction, the director now directly owns 1,148,784 shares of the company’s stock, valued at approximately $430,736,560.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Thomas Bull sold 138 shares of MongoDB stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total value of $36,610.02. Following the transaction, the chief accounting officer now directly owns 17,222 shares of the company’s stock, valued at approximately $4,568,824.38. The disclosure for this sale can be found here. Insiders have sold 35,179 shares of company stock valued at $9,535,839 over the last quarter. Company insiders own 3.60% of the company’s stock.
Institutional Investors Weigh In On MongoDB
A number of large investors have recently added to or reduced their stakes in MDB. Transcendent Capital Group LLC acquired a new stake in shares of MongoDB during the fourth quarter valued at $25,000. MFA Wealth Advisors LLC purchased a new position in MongoDB in the 2nd quarter valued at about $25,000. J.Safra Asset Management Corp boosted its stake in shares of MongoDB by 682.4% during the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock worth $33,000 after purchasing an additional 116 shares during the last quarter. Blue Trust Inc. grew its holdings 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 buying an additional 75 shares in the last quarter. Finally, YHB Investment Advisors Inc. acquired a new position in shares of MongoDB in the first quarter valued at approximately $41,000. 89.29% of the stock is owned by institutional investors and hedge funds.
About MongoDB
MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides 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-premises, 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.
Further Reading
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