MMS • RSS
Posted on mongodb google news. Visit mongodb google news
MongoDB (NASDAQ:MDB – Free Report) had its target price reduced by Guggenheim from $300.00 to $235.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.
Other analysts have also issued research reports about the company. Royal Bank of Canada reissued an “outperform” rating and issued a $320.00 target price on shares of MongoDB in a research report on Tuesday, May 20th. Piper Sandler cut their target price on MongoDB from $280.00 to $200.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 23rd. Daiwa Capital Markets started coverage on MongoDB in a research report on Tuesday, April 1st. They issued an “outperform” rating and a $202.00 target price on the stock. Loop Capital lowered MongoDB from a “buy” rating to a “hold” rating and cut their target price for the company from $350.00 to $190.00 in a research report on Tuesday, May 20th. Finally, KeyCorp lowered MongoDB from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $286.88.
Check Out Our Latest Analysis on MongoDB
MongoDB Stock Performance
MDB stock opened at $188.45 on Wednesday. The firm has a market cap of $15.30 billion, a PE ratio of -68.78 and a beta of 1.49. The firm’s 50 day moving average price is $174.52 and its 200-day moving average price is $234.21. MongoDB has a one year low of $140.78 and a one year high of $370.00.
MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.45). The firm had revenue of $548.40 million for the quarter, compared to analysts’ expectations of $519.65 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. During the same period in the previous year, the firm posted $0.86 EPS. Equities research analysts predict that MongoDB will post -1.78 EPS for the current fiscal year.
Insider Activity at MongoDB
In other MongoDB news, Director Dwight A. Merriman sold 3,000 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $270.63, for a total value of $811,890.00. Following the completion of the transaction, the director now owns 1,109,006 shares in the company, valued at $300,130,293.78. This represents a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Thomas Bull sold 301 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total transaction of $52,148.25. Following the completion of the transaction, the chief accounting officer now owns 14,598 shares of the company’s stock, valued at $2,529,103.50. This represents a 2.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,203 shares of company stock valued at $4,660,459 over the last quarter. 3.60% of the stock is owned by insiders.
Hedge Funds Weigh In On MongoDB
Several large investors have recently bought and sold shares of MDB. Blue Trust Inc. boosted its stake in MongoDB by 59.4% in the fourth quarter. Blue Trust Inc. now owns 1,478 shares of the company’s stock valued at $344,000 after acquiring an additional 551 shares in the last quarter. KBC Group NV boosted its stake in MongoDB by 5.2% in the fourth quarter. KBC Group NV now owns 18,079 shares of the company’s stock valued at $4,209,000 after acquiring an additional 890 shares in the last quarter. Pacer Advisors Inc. boosted its stake in MongoDB by 12.6% in the fourth quarter. Pacer Advisors Inc. now owns 5,504 shares of the company’s stock valued at $1,281,000 after acquiring an additional 615 shares in the last quarter. Perigon Wealth Management LLC boosted its stake in MongoDB by 2.7% in the fourth quarter. Perigon Wealth Management LLC now owns 2,528 shares of the company’s stock valued at $627,000 after acquiring an additional 66 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in shares of MongoDB during the fourth quarter worth about $163,000. Institutional investors and hedge funds own 89.29% of the company’s stock.
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.
Read More
Receive News & Ratings for MongoDB Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for MongoDB and related companies with MarketBeat.com’s FREE daily email newsletter.
Article originally posted on mongodb google news. Visit mongodb google news