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MongoDB, Inc. (NASDAQ:MDB) Receives Average Rating of “Moderate Buy” from Analysts

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Posted on mongodb google news. Visit mongodb google news

MongoDB, Inc. (NASDAQ:MDBGet 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

(Get Free Report

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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Analyst Recommendations for MongoDB (NASDAQ:MDB)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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

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