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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) has earned a consensus rating of “Moderate Buy” from the twenty-five research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $418.08.
Several equities research analysts have recently commented on the company. Argus upped their price objective on MongoDB from $435.00 to $484.00 and gave the stock a “buy” rating in a research note on Tuesday. Guggenheim upped their price objective on MongoDB from $220.00 to $250.00 and gave the stock a “sell” rating in a research note on Friday, September 1st. Sanford C. Bernstein upped their price objective on MongoDB from $424.00 to $471.00 in a research note on Sunday, September 3rd. The Goldman Sachs Group upped their price objective on MongoDB from $420.00 to $440.00 in a research note on Friday, June 23rd. Finally, 58.com reiterated a “maintains” rating on shares of MongoDB in a research note on Monday, June 26th.
Read Our Latest Stock Report on MongoDB
MongoDB Price Performance
Shares of MDB opened at $377.54 on Friday. The firm has a market cap of $26.65 billion, a PE ratio of -109.12 and a beta of 1.11. The company has a current ratio of 4.48, a quick ratio of 4.19 and a debt-to-equity ratio of 1.29. The firm has a fifty day simple moving average of $389.53 and a two-hundred day simple moving average of $308.62. MongoDB has a 1-year low of $135.15 and a 1-year high of $439.00.
Insiders Place Their Bets
In other news, CRO Cedric Pech sold 360 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $406.79, for a total transaction of $146,444.40. Following the transaction, the executive now directly owns 37,156 shares of the company’s stock, valued at $15,114,689.24. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Hope F. Cochran sold 2,174 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $373.19, for a total transaction of $811,315.06. Following the transaction, the director now directly owns 8,200 shares of the company’s stock, valued at $3,060,158. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CRO Cedric Pech sold 360 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $406.79, for a total transaction of $146,444.40. Following the transaction, the executive now directly owns 37,156 shares in the company, valued at $15,114,689.24. The disclosure for this sale can be found here. Insiders sold a total of 83,551 shares of company stock valued at $33,875,952 over the last 90 days. Insiders own 4.80% of the company’s stock.
Hedge Funds Weigh In On MongoDB
Several institutional investors have recently bought and sold shares of the business. ST Germain D J Co. Inc. purchased a new position in MongoDB during the second quarter valued at approximately $45,000. Alamar Capital Management LLC boosted its stake in MongoDB by 2.4% in the second quarter. Alamar Capital Management LLC now owns 9,056 shares of the company’s stock valued at $3,722,000 after acquiring an additional 210 shares in the last quarter. Osaic Holdings Inc. boosted its stake in MongoDB by 47.9% in the second quarter. Osaic Holdings Inc. now owns 14,324 shares of the company’s stock valued at $5,876,000 after acquiring an additional 4,640 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in MongoDB by 365.9% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 7,142 shares of the company’s stock valued at $2,935,000 after acquiring an additional 5,609 shares in the last quarter. Finally, Coppell Advisory Solutions LLC acquired a new stake in MongoDB in the second quarter valued at approximately $43,000. 88.89% of the stock is owned by hedge funds and other institutional investors.
About MongoDB
MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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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