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Shares of Mongodb Inc (NASDAQ:MDB) have earned an average recommendation of “Buy” from the fifteen analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $50.20.
Several analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Mongodb from a “hold” rating to a “sell” rating in a research report on Sunday, July 15th. Rosenblatt Securities started coverage on shares of Mongodb in a research report on Monday, July 9th. They issued a “buy” rating for the company. Citigroup started coverage on shares of Mongodb in a research report on Thursday, June 28th. They issued a “neutral” rating and a $56.00 price target for the company. Needham & Company LLC upped their price target on shares of Mongodb from $52.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, June 12th. Finally, Stifel Nicolaus upped their price target on shares of Mongodb from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, June 7th.
In other Mongodb news, insider Eliot Horowitz sold 9,262 shares of the business’s stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $49.06, for a total value of $454,393.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Whale Rock Capital Management acquired 1,214,850 shares of the company’s stock in a transaction on Tuesday, May 8th. The stock was purchased at an average cost of $40.23 per share, for a total transaction of $48,873,415.50. The disclosure for this purchase can be found here. In the last quarter, insiders sold 156,789 shares of company stock valued at $8,952,336. 40.04% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in MDB. Bank of New York Mellon Corp acquired a new position in Mongodb in the 4th quarter valued at $548,000. BlackRock Inc. acquired a new position in shares of Mongodb during the 4th quarter worth $10,042,000. UBS Asset Management Americas Inc. acquired a new position in shares of Mongodb during the 4th quarter worth $879,000. Geode Capital Management LLC acquired a new position in shares of Mongodb during the 4th quarter worth $2,864,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Mongodb during the 4th quarter worth $4,493,000. 26.89% of the stock is currently owned by institutional investors.
Shares of NASDAQ:MDB traded up $0.76 during trading on Friday, hitting $61.32. 18,979 shares of the company were exchanged, compared to its average volume of 821,274. The company has a market capitalization of $2.98 billion and a PE ratio of -35.45. Mongodb has a 12-month low of $24.62 and a 12-month high of $61.00.
Mongodb (NASDAQ:MDB) last issued its quarterly earnings data on Wednesday, June 6th. The company reported ($0.43) earnings per share for the quarter, hitting the consensus estimate of ($0.43). The company had revenue of $48.20 million for the quarter, compared to analysts’ expectations of $46.46 million. The business’s revenue was up 48.8% on a year-over-year basis. equities research analysts expect that Mongodb will post -2.22 EPS for the current fiscal year.
MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted database-as-a-service solution; 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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