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In the last trading session, 1.16 million MongoDB Inc. (NASDAQ:MDB) shares changed hands as the company’s beta touched 0.95. With the company’s per share price at $182.09 changed hands at $4.02 or 2.26% during last session, the market valuation stood at $12.79B. MDB’s last price was a discount, traded about -159.19% off its 52-week high of $471.96. The share price had its 52-week low at $135.15, which suggests the last value was 25.78% up since then. When we look at MongoDB Inc.’s average trading volume, we note the 10-day average is 1.49 million shares, with the 3-month average coming to 2.15 million.
Instantly MDB was in green as seen at the end of in last trading. With action -4.54%, the performance over the past five days has been red. The jump to weekly highs of 192.95 on Tuesday, 01/10/23 added 2.26% to the stock’s daily price. The company’s shares are showing year-to-date downside of -7.49%, with the 5-day performance at -4.54% in the red. However, in the 30-day time frame, MongoDB Inc. (NASDAQ:MDB) is -6.35% down. Looking at the short shares, we see there were 4.76 million shares sold at short interest cover period of 1.72 days.
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MongoDB Inc. (MDB) estimates and forecasts
Data shows that the MongoDB Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -37.48% over the past 6 months, a 152.54% in annual growth rate that is considerably higher than the industry average of 7.40%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for MongoDB Inc. will rise 166.70%, while the growth in revenue is estimated to hit -35.00% for the next quarter. Year-over-year growth is forecast to reach 44.20% up from the last financial year.
Consensus estimates given by 19 financial analysts project the company’s revenue in the current quarter to hit an average of $337.5 million. 18 analysts are of the opinion that MongoDB Inc.’s revenue for the quarter ending Apr 2023 will be $353.09 million. The company’s revenue for the corresponding quarters a year ago was $266.49 million and $285.45 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 26.60%. The estimates for the next quarter sales put growth at 23.70%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 3.70%. The 2023 estimates are for MongoDB Inc. earnings to decrease by -5.00%.
MongoDB Inc. is expected to release its next quarterly earnings report between March 06 and March 10.
MongoDB Inc. (NASDAQ:MDB)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.48% of MongoDB Inc. shares while 88.13% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 91.31%. There are 88.13% institutions holding the MongoDB Inc. stock share, with Price (T.Rowe) Associates Inc the top institutional holder. As of Sep 29, 2022, the company held 9.87% of the shares, roughly 6.84 million MDB shares worth $1.25 billion.
Vanguard Group, Inc. (The) holds the second largest percentage of outstanding shares, with 8.84% or 6.13 million shares worth $1.12 billion as of Sep 29, 2022.
Among Mutual Funds, the top two as of Sep 29, 2022 were Growth Fund Of America Inc and Vanguard Total Stock Market Index Fund. With 5.03 million shares estimated at $915.78 million under it, the former controlled 7.26% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.79% of the shares, roughly 1.93 million shares worth around $351.89 million.