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MongoDB (NASDAQ:MDB – Get Free Report) had its target price hoisted by KeyCorp from $372.00 to $462.00 in a research report issued on Friday, FlyOnTheWall reports. KeyCorp’s price objective would suggest a potential upside of 11.96% from the company’s previous close.
Other research analysts have also recently issued reports about the stock. Oppenheimer raised their target price on shares of MongoDB from $270.00 to $430.00 in a report on Friday, June 2nd. 58.com reiterated a “maintains” rating on shares of MongoDB in a report on Monday, June 26th. The Goldman Sachs Group increased their price target on shares of MongoDB from $420.00 to $440.00 in a research report on Friday, June 23rd. Sanford C. Bernstein increased their price target on shares of MongoDB from $257.00 to $424.00 in a research report on Monday, June 5th. Finally, Guggenheim lowered shares of MongoDB from a “neutral” rating to a “sell” rating and increased their price target for the stock from $205.00 to $210.00 in a research report on Thursday, May 25th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, MongoDB has an average rating of “Moderate Buy” and a consensus price target of $375.59.
MongoDB Stock Performance
NASDAQ:MDB opened at $412.64 on Friday. MongoDB has a twelve month low of $135.15 and a twelve month high of $439.00. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 1.44. The company has a 50-day moving average of $359.61 and a 200-day moving average of $265.73. The firm has a market cap of $29.12 billion, a price-to-earnings ratio of -88.36 and a beta of 1.13.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings data on Thursday, June 1st. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.38. MongoDB had a negative net margin of 23.58% and a negative return on equity of 43.25%. The company had revenue of $368.28 million during the quarter, compared to analyst estimates of $347.77 million. During the same quarter last year, the firm posted ($1.15) EPS. The business’s revenue for the quarter was up 29.0% on a year-over-year basis. Analysts forecast that MongoDB will post -2.8 earnings per share for the current fiscal year.
Insider Transactions at MongoDB
In other news, CRO Cedric Pech sold 360 shares of the firm’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $406.79, for a total value of $146,444.40. Following the sale, the executive now owns 37,156 shares in the company, valued at $15,114,689.24. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other MongoDB news, CRO Cedric Pech sold 360 shares of MongoDB stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $406.79, for a total transaction of $146,444.40. Following the sale, the executive now owns 37,156 shares in the company, valued at $15,114,689.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dev Ittycheria sold 20,000 shares of MongoDB stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $287.32, for a total transaction of $5,746,400.00. Following the sale, the chief executive officer now owns 262,311 shares in the company, valued at approximately $75,367,196.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 118,427 shares of company stock worth $41,784,961. Insiders own 4.80% of the company’s stock.
Institutional Investors Weigh In On MongoDB
Institutional investors have recently bought and sold shares of the business. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of MongoDB by 2.5% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 11,467 shares of the company’s stock valued at $2,256,000 after acquiring an additional 277 shares during the period. Clarius Group LLC lifted its holdings in shares of MongoDB by 7.7% during the first quarter. Clarius Group LLC now owns 1,362 shares of the company’s stock valued at $318,000 after acquiring an additional 97 shares during the period. Lindbrook Capital LLC raised its holdings in shares of MongoDB by 350.0% in the fourth quarter. Lindbrook Capital LLC now owns 171 shares of the company’s stock valued at $34,000 after buying an additional 133 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of MongoDB by 12.3% in the fourth quarter. Principal Financial Group Inc. now owns 8,452 shares of the company’s stock valued at $1,664,000 after buying an additional 924 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of MongoDB by 30.6% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 11,063 shares of the company’s stock valued at $2,179,000 after buying an additional 2,591 shares during the last quarter. Institutional investors and hedge funds own 89.22% 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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