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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 assigned an average rating of “Moderate Buy” from the twenty-six research firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, nineteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $361.30.

A number of equities research analysts have recently issued reports on MDB shares. Mizuho lowered their price target on shares of MongoDB from $380.00 to $250.00 and set a “neutral” rating on the stock in a report on Friday, May 31st. Wells Fargo & Company lowered their price target on shares of MongoDB from $450.00 to $300.00 and set an “overweight” rating on the stock in a report on Friday, May 31st. Scotiabank lowered their price target on shares of MongoDB from $385.00 to $250.00 and set a “sector perform” rating on the stock in a report on Monday, June 3rd. Guggenheim raised shares of MongoDB from a “sell” rating to a “neutral” rating in a research note on Monday, June 3rd. Finally, Tigress Financial raised their target price on shares of MongoDB from $495.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, March 28th.

Get Our Latest Report on MDB

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $264.94 on Thursday. MongoDB has a twelve month low of $214.74 and a twelve month high of $509.62. The firm has a market capitalization of $19.43 billion, a PE ratio of -94.28 and a beta of 1.13. The company has a quick ratio of 4.93, a current ratio of 4.93 and a debt-to-equity ratio of 0.90. The company has a 50-day moving average price of $298.84 and a two-hundred day moving average price of $363.02.

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

Insider Activity at MongoDB

In related news, Director John Dennis Mcmahon sold 10,000 shares of MongoDB stock in a transaction on Monday, June 24th. The shares were sold at an average price of $228.00, for a total value of $2,280,000.00. Following the sale, the director now owns 20,020 shares in the company, valued at $4,564,560. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director John Dennis Mcmahon sold 10,000 shares of MongoDB stock in a transaction on Monday, June 24th. The shares were sold at an average price of $228.00, for a total value of $2,280,000.00. Following the sale, the director now owns 20,020 shares in the company, valued at $4,564,560. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $379.15, for a total transaction of $379,150.00. Following the completion of the sale, the director now owns 522,896 shares in the company, valued at approximately $198,256,018.40. The disclosure for this sale can be found here. Insiders have sold a total of 23,174 shares of company stock worth $6,615,752 over the last quarter. Corporate insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On MongoDB

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC lifted its position in MongoDB by 5.6% during the fourth quarter. Quadrant Capital Group LLC now owns 412 shares of the company’s stock valued at $168,000 after buying an additional 22 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of MongoDB by 12.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 226 shares of the company’s stock worth $92,000 after purchasing an additional 25 shares during the last quarter. Yousif Capital Management LLC raised its position in shares of MongoDB by 3.9% in the 4th quarter. Yousif Capital Management LLC now owns 792 shares of the company’s stock worth $324,000 after purchasing an additional 30 shares during the last quarter. Valley National Advisers Inc. raised its position in shares of MongoDB by 5.9% in the 4th quarter. Valley National Advisers Inc. now owns 597 shares of the company’s stock worth $244,000 after purchasing an additional 33 shares during the last quarter. Finally, First Trust Direct Indexing L.P. raised its position in shares of MongoDB by 2.2% in the 4th quarter. First Trust Direct Indexing L.P. now owns 1,561 shares of the company’s stock worth $638,000 after purchasing an additional 33 shares during 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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