MMS • RSS
MongoDB, Inc. (NASDAQ:MDB – Get Rating) has earned a consensus recommendation of “Moderate Buy” from the nineteen brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $404.22.
A number of research firms have issued reports on MDB. Mizuho decreased their price target on shares of MongoDB from $325.00 to $270.00 and set a “neutral” rating for the company in a report on Wednesday, May 18th. Needham & Company LLC upped their price target on shares of MongoDB from $310.00 to $350.00 and gave the company a “buy” rating in a report on Friday, June 10th. Oppenheimer reduced their target price on shares of MongoDB from $490.00 to $400.00 and set an “outperform” rating for the company in a research note on Thursday, June 2nd. Credit Suisse Group reduced their target price on shares of MongoDB from $650.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, June 2nd. Finally, UBS Group increased their target price on shares of MongoDB from $315.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, June 8th.
In other news, CEO Dev Ittycheria sold 35,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 5th. The shares were sold at an average price of $321.10, for a total transaction of $11,238,500.00. Following the completion of the sale, the chief executive officer now owns 204,744 shares of the company’s stock, valued at $65,743,298.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CRO Cedric Pech sold 350 shares of the firm’s stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $264.46, for a total transaction of $92,561.00. Following the sale, the executive now directly owns 45,785 shares of the company’s stock, valued at approximately $12,108,301.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 77,185 shares of company stock valued at $23,594,636. Company insiders own 5.70% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of MongoDB by 2.1% in the first quarter. Vanguard Group Inc. now owns 5,970,224 shares of the company’s stock valued at $2,648,332,000 after purchasing an additional 121,201 shares in the last quarter. State Street Corp grew its holdings in MongoDB by 0.6% during the 1st quarter. State Street Corp now owns 1,343,657 shares of the company’s stock worth $596,033,000 after acquiring an additional 7,389 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in MongoDB during the 4th quarter worth $674,390,000. 1832 Asset Management L.P. grew its holdings in MongoDB by 19.3% during the 1st quarter. 1832 Asset Management L.P. now owns 1,028,400 shares of the company’s stock worth $450,095,000 after acquiring an additional 166,400 shares during the period. Finally, Geode Capital Management LLC grew its holdings in MongoDB by 7.1% during the 4th quarter. Geode Capital Management LLC now owns 864,250 shares of the company’s stock worth $456,904,000 after acquiring an additional 56,940 shares during the period. 88.70% of the stock is owned by institutional investors and hedge funds.
MongoDB stock opened at $278.91 on Friday. The company has a debt-to-equity ratio of 1.69, a current ratio of 4.16 and a quick ratio of 4.16. The company has a market capitalization of $19.00 billion, a price-to-earnings ratio of -57.63 and a beta of 0.91. MongoDB has a one year low of $213.39 and a one year high of $590.00. The company’s fifty day moving average price is $267.27 and its two-hundred day moving average price is $352.92.
MongoDB (NASDAQ:MDB – Get Rating) last released its quarterly earnings results on Wednesday, June 1st. The company reported ($1.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.34) by $0.19. MongoDB had a negative net margin of 32.75% and a negative return on equity of 45.56%. The company had revenue of $285.45 million during the quarter, compared to analysts’ expectations of $267.10 million. During the same period in the prior year, the company earned ($0.98) earnings per share. The business’s quarterly revenue was up 57.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that MongoDB will post -5.09 earnings per share for the current year.
About MongoDB (Get Rating)
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.
Receive News & Ratings for MongoDB Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for MongoDB and related companies with MarketBeat.com’s FREE daily email newsletter.