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MongoDB, Inc. (NASDAQ:MDB) Given Consensus Recommendation of “Moderate Buy” by …

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Posted on mongodb google news. Visit mongodb google news

MongoDB, Inc. (NASDAQ:MDBGet Free Report) has been given a consensus rating of “Moderate Buy” by the twenty-five research firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and twenty have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $443.86.

A number of analysts recently issued reports on the company. Guggenheim increased their price objective on MongoDB from $250.00 to $272.00 and gave the stock a “sell” rating in a report on Monday, March 4th. Citigroup increased their price objective on MongoDB from $515.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. KeyCorp lowered their price target on MongoDB from $490.00 to $440.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. Redburn Atlantic reaffirmed a “sell” rating and issued a $295.00 price target (down previously from $410.00) on shares of MongoDB in a report on Tuesday, March 19th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $465.00 price target on shares of MongoDB in a report on Friday, May 3rd.

View Our Latest Stock Analysis on MDB

MongoDB Stock Up 0.0 %

Shares of NASDAQ:MDB opened at $359.27 on Wednesday. The company has a market capitalization of $26.17 billion, a PE ratio of -144.87 and a beta of 1.19. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40. The business has a fifty day moving average price of $360.12 and a two-hundred day moving average price of $392.06. MongoDB has a 1 year low of $264.58 and a 1 year high of $509.62.

MongoDB (NASDAQ:MDBGet Free Report) last posted its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing the consensus estimate of ($0.71) by ($0.32). The firm had revenue of $458.00 million for the quarter, compared to the consensus estimate of $431.99 million. MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. Analysts forecast that MongoDB will post -2.53 earnings per share for the current year.

Insider Activity at MongoDB

In other MongoDB news, CAO Thomas Bull sold 170 shares of MongoDB stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total transaction of $59,180.40. Following the completion of the transaction, the chief accounting officer now owns 17,360 shares in the company, valued at $6,043,363.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $363.01, for a total value of $363,010.00. Following the transaction, the director now directly owns 523,896 shares in the company, valued at approximately $190,179,486.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Thomas Bull sold 170 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total value of $59,180.40. Following the sale, the chief accounting officer now owns 17,360 shares of the company’s stock, valued at approximately $6,043,363.20. The disclosure for this sale can be found here. Insiders have sold 46,802 shares of company stock worth $16,514,071 over the last ninety days. 4.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MongoDB

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of MongoDB by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 6,910,761 shares of the company’s stock valued at $2,478,475,000 after purchasing an additional 68,348 shares during the last quarter. Jennison Associates LLC increased its holdings in MongoDB by 14.3% in the 1st quarter. Jennison Associates LLC now owns 4,408,424 shares of the company’s stock worth $1,581,037,000 after acquiring an additional 551,567 shares in the last quarter. Norges Bank purchased a new stake in MongoDB in the 4th quarter worth approximately $326,237,000. Champlain Investment Partners LLC increased its holdings in MongoDB by 22.4% in the 1st quarter. Champlain Investment Partners LLC now owns 550,684 shares of the company’s stock worth $197,497,000 after acquiring an additional 100,725 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in MongoDB by 59.3% in the 4th quarter. First Trust Advisors LP now owns 549,052 shares of the company’s stock worth $224,480,000 after acquiring an additional 204,284 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Company Profile

(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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Analyst Recommendations for MongoDB (NASDAQ:MDB)



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Article originally posted on mongodb google news. Visit mongodb google news

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