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Mark Porter also recently made the following trade(s):
- On Tuesday, July 5th, Mark Porter sold 1,434 shares of MongoDB stock. The shares were sold at an average price of $276.97, for a total transaction of $397,174.98.
MongoDB Stock Up 4.7 %
Shares of NASDAQ:MDB opened at $356.84 on Friday. The stock has a market cap of $24.31 billion, a P/E ratio of -73.73 and a beta of 0.96. The firm has a fifty day moving average price of $285.74 and a 200 day moving average price of $336.52. The company has a debt-to-equity ratio of 1.69, a current ratio of 4.16 and a quick ratio of 4.16. MongoDB, Inc. has a 1-year low of $213.39 and a 1-year high of $590.00.
MongoDB (NASDAQ:MDB – Get Rating) last issued its quarterly earnings results on Wednesday, June 1st. The company reported ($1.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.34) by $0.19. The firm had revenue of $285.45 million during the quarter, compared to analysts’ expectations of $267.10 million. MongoDB had a negative net margin of 32.75% and a negative return on equity of 45.56%. MongoDB’s quarterly revenue was up 57.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.98) EPS. Sell-side analysts predict that MongoDB, Inc. will post -5.08 EPS for the current year.
Institutional Trading of MongoDB
Hedge funds have recently made changes to their positions in the company. Confluence Wealth Services Inc. acquired a new stake in shares of MongoDB in the 4th quarter worth $25,000. Bank of New Hampshire acquired a new stake in shares of MongoDB in the 1st quarter worth $25,000. Covestor Ltd purchased a new position in shares of MongoDB in the 4th quarter valued at about $43,000. Cullen Frost Bankers Inc. purchased a new position in shares of MongoDB in the 1st quarter valued at about $44,000. Finally, John W. Brooker & Co. CPAs purchased a new position in shares of MongoDB in the 2nd quarter valued at about $26,000. Institutional investors and hedge funds own 88.70% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have weighed in on MDB shares. Redburn Partners started coverage on shares of MongoDB in a report on Wednesday, June 29th. They issued a “sell” rating and a $190.00 target price on the stock. William Blair reissued an “outperform” rating on shares of MongoDB in a research note on Tuesday, May 24th. Needham & Company LLC upped their target price on shares of MongoDB from $310.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, June 10th. Canaccord Genuity Group cut their target price on shares of MongoDB from $400.00 to $300.00 in a research note on Thursday, June 2nd. Finally, Stifel Nicolaus cut their target price on shares of MongoDB from $425.00 to $340.00 in a research note on Thursday, June 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $401.17.
About MongoDB
MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud 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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