MongoDB, Inc. (NASDAQ:MDB) is expected to earn ($1.30) per share in the first quarter of 2024.
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The MDB abbreviation stands for MongoDB, Inc. (NYSE: MDB). On Sunday, November 20th, KeyCorp stock analysts provided a letter to investors in which they shared their projections for MongoDB’s earnings per share (EPS) for the first quarter of 2024. According to projections by M. For Turits of KeyCorp, the business will generate $1.30 per share in revenue during the third quarter. The stock of KeyCorp currently has an “Overweight” rating and a price target of $215.00. According to the consensus, MongoDB’s earnings for the current full year are anticipated to amount to $5.37 per share.
MongoDB (NASDAQ: MDB) announced the results of its most recent quarterly financial report on August 31st, a Wednesday. The company reported profits per share of $1.69 for the quarter, which was $0.17 less than the analysts’ consensus forecast, who had predicted earnings of $1.52 per share. The company’s return on equity and net margin were in the red for MongoDB: 33.43% and 52.05%, respectively. The revenue for the quarter came in at $303.66 million, which was significantly higher than the $282.31 million that experts had anticipated. During the same period last year, the business generated $1.15 per share earnings. The company’s quarterly revenue rise was 52.8% higher when measured against the same quarter from the previous year.
The NASDAQ: MDB stock started the trading day on Wednesday at $146.80. The moving average price for the company over the past 50 days is $184.61; over the past 200 days, that number has increased to $252.19. The price of MongoDB has ranged from a low of $135.15 to a high of $570.58 over the past 52 weeks. 1.70 is the value of the debt-to-equity ratio, 4.02 is the value of the current ratio, and 4.02 represents the quick ratio.
Several other brokerage firms have also released MDB reports in recent weeks. In a research note distributed on Monday, Morgan Stanley lowered their target price for MongoDB shares from $368.00 to $215.00 and demoted the company’s stock from “overweight” to “equal weight.” Royal Bank of Canada lowered their target price on MongoDB shares from $400 to $350.00 and granted the stock an “outperform” rating in a report published on Thursday, September 1st. Citigroup decreased their target price on MongoDB shares from $450.00 to $445.00 and set the stock at a “buy” rating in a report published on Thursday, September 1st. Finally, Stifel Nicolaus lowered their target price on MongoDB shares from $340.00 to $320.00 and gave the stock a “buy” rating in a report released on Thursday, September 1st.
Last but not least, in a study made public on Tuesday, October 18th, Redburn Partners changed their recommendation for MongoDB from “sell” to “neutral.” The stock has been assigned a buy rating by eighteen analysts, while it has been assigned a hold rating by only three. According to statistics provided by Bloomberg, the current consensus rating for MongoDB is “Moderate Buy,” and the current consensus price objective for the company is $345.90.
Cedric Pech, the Chief Risk Officer of the corporation, put 288 of the company’s shares up for sale on Monday, October 3rd. At an average price of $198.84 per share, the shares could be sold for a total of $57,265.92 in cash. Following the completion of the transaction, the executive now possesses a total of 34,157 shares of the company, which have a combined value of $6,791,777.88. The transaction was made public by a legal filing submitted to the Securities and Exchange Commission. This filing can be found on the website of the SEC. In other news, on Monday, August 29th, director Archana Agrawal sold 663 shares of the company’s stock. At an average price of $345.55 per share, the shares could fetch a total of $229,099.65 when sold. As a direct result of the transaction, the director is now the proud owner of 2,080 company shares, which have a combined value of $718,744. The transaction was made public through a filing with the Securities and Exchange Commission, which may be located by following this link. In addition, Chief Risk Officer Cedric Pech sold 288 shares of the company’s stock on Monday, October 3rd. At an average price of $198.84 per share, the shares could be sold for a total of $57,265.92 in cash. As a direct consequence of the transaction, the executive now owns 34,157 shares of the company’s stock, which have a combined value of $6,791,777.88. The disclosure for this sale can be found at this location. Insiders have sold 87,665 shares of company stock totaling $19,034,603 over the past three months. 5.70% of the company’s shares are held privately by company insiders.
During the most recent period, several institutional investors bought and sold stock. During the second quarter, ABRDN plc boosted its ownership of MongoDB by 0.6%. After purchasing an additional 41 shares during the most recent quarter, Aberdeen plc now possesses 6,745 shares of the company’s stock, which is $1,750,000. During the second quarter, Carnegie Capital Asset Management LLC boosted the percentage of MongoDB stock owned by 1.9%. Carnegie Capital Asset Management LLC now has 2,310 shares of the company’s stock, valued at $599,000 following the acquisition of an additional 43 shares during the most recent quarter. During the first three months of 2018, Skandinaviska Enskilda Banken AB (publ) boosted the percentage of MongoDB holdings is owned by 0.5%. Following the acquisition of 48 more shares during the preceding quarter, Skandinaviska Enskilda Banken AB plc now holds a total of 9,926 shares of the company’s stock, which has a value of $4,404,000. In addition, the number of MongoDB shares held by Lindbrook Capital LLC rose 41.5 percent during the second quarter. After making an additional purchase of 51 shares during the preceding quarter, Lindbrook Capital LLC now possesses 174 shares of the company’s stock, currently valued at $45,000. Finally, during the third quarter, CWM LLC added 2.6% more MongoDB to the assets it already had. After purchasing 55 more shares during the most recent quarter, CWM LLC now has a total of 2,144 shares worth $426,000. Hedge funds and other institutional investors own 89.85% of the company’s shares.