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MongoDB, Inc. (NASDAQ:MDB – Get Rating) Director Hope F. Cochran sold 2,174 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $373.19, for a total transaction of $811,315.06. Following the transaction, the director now owns 8,200 shares of the company’s stock, valued at approximately $3,060,158. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
MongoDB Price Performance
NASDAQ MDB opened at $379.78 on Wednesday. The company has a market cap of $26.60 billion, a PE ratio of -81.32 and a beta of 1.04. MongoDB, Inc. has a 52 week low of $135.15 and a 52 week high of $398.89. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 1.44. The firm’s 50-day simple moving average is $286.08 and its two-hundred day simple moving average is $234.45.
MongoDB (NASDAQ:MDB – Get Rating) last released its quarterly earnings data on Thursday, June 1st. The company reported $0.56 EPS 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 business had revenue of $368.28 million for the quarter, compared to the consensus estimate of $347.77 million. During the same period in the prior year, the firm earned ($1.15) earnings per share. The company’s revenue was up 29.0% compared to the same quarter last year. Research analysts predict that MongoDB, Inc. will post -2.85 earnings per share for the current year.
Wall Street Analysts Forecast Growth
MDB has been the subject of several research analyst reports. Morgan Stanley upgraded shares of MongoDB from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $230.00 to $270.00 in a research note on Wednesday, April 12th. JMP Securities lifted their price objective on shares of MongoDB from $245.00 to $370.00 in a research note on Friday, June 2nd. Robert W. Baird lifted their price objective on shares of MongoDB from $230.00 to $290.00 in a research note on Wednesday, May 31st. Piper Sandler lifted their price objective on shares of MongoDB from $270.00 to $400.00 in a research note on Friday, June 2nd. Finally, Tigress Financial reiterated a “buy” rating and issued a $365.00 price objective on shares of MongoDB in a research note on Thursday, April 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $328.35.
Institutional Investors Weigh In On MongoDB
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Empower Advisory Group LLC bought a new stake in shares of MongoDB during the first quarter valued at about $7,302,000. Toroso Investments LLC increased its position in shares of MongoDB by 5.4% in the first quarter. Toroso Investments LLC now owns 2,827 shares of the company’s stock worth $659,000 after purchasing an additional 144 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its position in shares of MongoDB by 16.0% in the first quarter. B. Riley Wealth Advisors Inc. now owns 1,457 shares of the company’s stock worth $340,000 after purchasing an additional 201 shares during the last quarter. AM Squared Ltd increased its position in shares of MongoDB by 33.3% in the first quarter. AM Squared Ltd now owns 1,200 shares of the company’s stock worth $280,000 after purchasing an additional 300 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC increased its position in shares of MongoDB by 31.5% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 208,455 shares of the company’s stock worth $48,595,000 after purchasing an additional 49,900 shares during the last quarter. 89.22% of the stock is currently owned by institutional investors.
About MongoDB
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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Article originally posted on mongodb google news. Visit mongodb google news