MMS • RSS
Posted on mongodb google news. Visit mongodb google news
Shares of MongoDB, Inc. (NASDAQ:MDB – Get Rating) have been given an average rating of “Moderate Buy” by the twenty-two brokerages that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $274.00.
MDB has been the topic of several recent research reports. Canaccord Genuity Group reduced their target price on shares of MongoDB from $300.00 to $270.00 and set a “buy” rating on the stock in a report on Wednesday, December 7th. Piper Sandler cut their price target on shares of MongoDB from $350.00 to $270.00 and set an “overweight” rating on the stock in a report on Thursday, October 20th. Tigress Financial cut their target price on shares of MongoDB from $575.00 to $365.00 and set a “buy” rating on the stock in a research note on Thursday, December 15th. Robert W. Baird lifted their target price on shares of MongoDB from $205.00 to $230.00 in a research note on Wednesday, December 7th. Finally, Redburn Partners raised shares of MongoDB from a “sell” rating to a “neutral” rating in a research report on Tuesday, October 18th.
MongoDB Stock Performance
Shares of MDB stock opened at $196.84 on Friday. The stock has a market capitalization of $13.64 billion, a P/E ratio of -36.66 and a beta of 1.02. The company has a current ratio of 4.10, a quick ratio of 4.10 and a debt-to-equity ratio of 1.66. The firm’s 50 day moving average is $174.78 and its 200 day moving average is $237.66. MongoDB has a 12 month low of $135.15 and a 12 month high of $538.08.
Insider Transactions at MongoDB
In related news, CEO Dev Ittycheria sold 40,107 shares of MongoDB stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $199.87, for a total value of $8,016,186.09. Following the transaction, the chief executive officer now directly owns 194,646 shares in the company, valued at approximately $38,903,896.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other MongoDB news, CEO Dev Ittycheria sold 40,107 shares of the business’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $199.87, for a total value of $8,016,186.09. Following the completion of the sale, the chief executive officer now owns 194,646 shares of the company’s stock, valued at $38,903,896.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Hope F. Cochran sold 1,175 shares of the business’s stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $208.65, for a total value of $245,163.75. Following the transaction, the director now directly owns 7,674 shares of the company’s stock, valued at approximately $1,601,180.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 59,846 shares of company stock valued at $11,956,703. Corporate insiders own 5.70% of the company’s stock.
Institutional Investors Weigh In On MongoDB
Large investors have recently bought and sold shares of the business. John W. Brooker & Co. CPAs acquired a new position in shares of MongoDB in the 2nd quarter valued at $26,000. Prentice Wealth Management LLC bought a new position in MongoDB during the 2nd quarter worth about $26,000. Venture Visionary Partners LLC bought a new position in MongoDB during the 2nd quarter worth about $28,000. FNY Investment Advisers LLC bought a new position in MongoDB during the 2nd quarter worth about $41,000. Finally, UMB Bank n.a. increased its holdings in MongoDB by 422.6% during the 2nd quarter. UMB Bank n.a. now owns 162 shares of the company’s stock worth $42,000 after purchasing an additional 131 shares in the last quarter. 84.86% of the stock is currently owned by institutional investors.
MongoDB Company Profile
MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.
Recommended Stories
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.
Before you consider MongoDB, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and MongoDB wasn’t on the list.
While MongoDB currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Article originally posted on mongodb google news. Visit mongodb google news