MongoDB, Inc. (NASDAQ:MDB – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the twenty-six ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $355.74.

MDB has been the topic of a number of recent analyst reports. Piper Sandler decreased their price target on MongoDB from $350.00 to $300.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. Canaccord Genuity Group reduced their price objective on MongoDB from $435.00 to $325.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. Mizuho reduced their price objective on MongoDB from $380.00 to $250.00 and set a “neutral” rating on the stock in a research note on Friday, May 31st. Monness Crespi & Hardt raised MongoDB to a “hold” rating in a research note on Tuesday, May 28th. Finally, Robert W. Baird reduced their price objective on MongoDB from $450.00 to $305.00 and set an “outperform” rating on the stock in a research note on Friday, May 31st.

View Our Latest Stock Report on MongoDB

Insider Buying and Selling

In other MongoDB news, CRO Cedric Pech sold 273 shares of the business’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total value of $72,424.17. Following the transaction, the executive now owns 35,719 shares of the company’s stock, valued at $9,475,893.51. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $379.15, for a total value of $379,150.00. Following the transaction, the director now owns 522,896 shares of the company’s stock, valued at $198,256,018.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CRO Cedric Pech sold 273 shares of the business’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total value of $72,424.17. Following the completion of the transaction, the executive now directly owns 35,719 shares in the company, valued at approximately $9,475,893.51. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,179 shares of company stock worth $9,535,839. 3.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Liontrust Investment Partners LLP raised its stake in shares of MongoDB by 76.7% during the 2nd quarter. Liontrust Investment Partners LLP now owns 53,000 shares of the company’s stock valued at $13,248,000 after purchasing an additional 23,000 shares during the period. Slow Capital Inc. raised its stake in shares of MongoDB by 3.7% during the 2nd quarter. Slow Capital Inc. now owns 15,902 shares of the company’s stock valued at $3,975,000 after purchasing an additional 573 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of MongoDB by 1.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 5,800 shares of the company’s stock valued at $1,450,000 after purchasing an additional 100 shares during the period. MN Wealth Advisors LLC bought a new stake in shares of MongoDB during the 2nd quarter valued at $576,000. Finally, MFA Wealth Advisors LLC bought a new stake in shares of MongoDB during the 2nd quarter valued at $25,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Trading Down 1.1 %

Shares of MongoDB stock opened at $253.50 on Monday. The business has a fifty day simple moving average of $261.27 and a two-hundred day simple moving average of $345.66. MongoDB has a 1 year low of $214.74 and a 1 year high of $509.62. The company has a market capitalization of $18.59 billion, a price-to-earnings ratio of -90.21 and a beta of 1.13. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.93 and a quick ratio of 4.93.

MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings data on Thursday, May 30th. The company reported ($0.80) earnings per share for the quarter, hitting the consensus estimate of ($0.80). The firm had revenue of $450.56 million for the quarter, compared to analysts’ expectations of $438.44 million. MongoDB had a negative return on equity of 14.88% and a negative net margin of 11.50%. Research analysts forecast that MongoDB will post -2.67 EPS for the current year.

About MongoDB

(Get Free Report

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides 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-premises, 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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