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Analysts Set MongoDB, Inc. (NASDAQ:MDB) Price Target at $443.86 – MarketBeat

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Posted on mongodb google news. Visit mongodb google news

MongoDB, Inc. (NASDAQ:MDBGet Free Report) has earned a consensus recommendation of “Moderate Buy” from the twenty-five analysts that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twenty have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $443.86.

A number of equities research analysts have recently commented on MDB shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $465.00 target price on shares of MongoDB in a report on Friday, May 3rd. JMP Securities reiterated a “market outperform” rating and issued a $440.00 target price on shares of MongoDB in a research note on Monday, January 22nd. Guggenheim boosted their target price on MongoDB from $250.00 to $272.00 and gave the company a “sell” rating in a report on Monday, March 4th. KeyCorp decreased their price target on MongoDB from $490.00 to $440.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Finally, Redburn Atlantic reissued a “sell” rating and issued a $295.00 price objective (down from $410.00) on shares of MongoDB in a research note on Tuesday, March 19th.

Get Our Latest Stock Report on MDB

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 6,000 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $374.95, for a total transaction of $2,249,700.00. Following the sale, the director now owns 1,148,784 shares of the company’s stock, valued at $430,736,560.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 shares were sold at an average price of $374.95, for a total transaction of $2,249,700.00. Following the sale, the director now owns 1,148,784 shares in the company, valued at $430,736,560.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $379.15, for a total value of $379,150.00. Following the completion of the transaction, the director now owns 522,896 shares of the company’s stock, valued at $198,256,018.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,802 shares of company stock valued at $16,514,071. 4.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MongoDB

A number of institutional investors have recently bought and sold shares of the stock. Quadrant Capital Group LLC lifted its stake in shares of MongoDB by 5.6% in the 4th quarter. Quadrant Capital Group LLC now owns 412 shares of the company’s stock valued at $168,000 after purchasing an additional 22 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of MongoDB by 12.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 226 shares of the company’s stock worth $92,000 after acquiring an additional 25 shares in the last quarter. Insigneo Advisory Services LLC raised its stake in shares of MongoDB by 2.9% in the 3rd quarter. Insigneo Advisory Services LLC now owns 1,070 shares of the company’s stock valued at $370,000 after acquiring an additional 30 shares during the period. Yousif Capital Management LLC lifted its holdings in shares of MongoDB by 3.9% during the 4th quarter. Yousif Capital Management LLC now owns 792 shares of the company’s stock valued at $324,000 after acquiring an additional 30 shares in the last quarter. Finally, Valley National Advisers Inc. boosted its position in MongoDB by 5.9% during the 4th quarter. Valley National Advisers Inc. now owns 597 shares of the company’s stock worth $244,000 after purchasing an additional 33 shares during the period. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

MongoDB Price Performance

MongoDB stock opened at $359.27 on Wednesday. The stock has a 50-day simple moving average of $360.12 and a 200-day simple moving average of $392.06. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40. MongoDB has a fifty-two week low of $264.58 and a fifty-two week high of $509.62.

MongoDB (NASDAQ:MDBGet Free Report) last issued its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). The firm had revenue of $458.00 million during the quarter, compared to analysts’ expectations of $431.99 million. MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. As a group, research analysts forecast that MongoDB will post -2.53 EPS for the current year.

MongoDB Company Profile

(Get Free Report

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.

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Analyst Recommendations for MongoDB (NASDAQ:MDB)

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Article originally posted on mongodb google news. Visit mongodb google news

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