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Media stories about Mongodb (NASDAQ:MDB) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mongodb earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave news articles about the company an impact score of 45.4779454306617 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
MDB has been the subject of several recent research reports. Nomura lifted their price target on Mongodb and gave the company a “neutral” rating in a research report on Tuesday, June 5th. Zacks Investment Research upgraded Mongodb from a “sell” rating to a “hold” rating in a research report on Saturday, March 17th. KeyCorp assumed coverage on Mongodb in a research report on Monday, May 14th. They set an “overweight” rating and a $50.00 target price for the company. Barclays boosted their target price on Mongodb from $45.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday, April 5th. Finally, ValuEngine upgraded Mongodb from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $47.00.
Mongodb stock traded up $0.20 during midday trading on Tuesday, hitting $50.23. 5,751 shares of the company’s stock were exchanged, compared to its average volume of 1,250,956. Mongodb has a 52-week low of $24.62 and a 52-week high of $59.54. The stock has a market cap of $2.51 billion and a price-to-earnings ratio of -28.87.
Mongodb (NASDAQ:MDB) last posted its earnings results on Wednesday, June 6th. The company reported ($0.43) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.43). The business had revenue of $48.20 million for the quarter, compared to analysts’ expectations of $46.46 million. The business’s revenue for the quarter was up 48.8% compared to the same quarter last year. equities research analysts predict that Mongodb will post -2.22 EPS for the current year.
In other news, insider Thomas Bull sold 8,000 shares of the company’s stock in a transaction dated Thursday, June 21st. The stock was sold at an average price of $58.80, for a total value of $470,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Whale Rock Capital Management acquired 1,214,850 shares of the business’s stock in a transaction dated Tuesday, May 8th. The stock was purchased at an average price of $40.23 per share, with a total value of $48,873,415.50. The disclosure for this purchase can be found here. Insiders sold a total of 121,600 shares of company stock valued at $7,132,188 over the last quarter. Company insiders own 40.04% of the company’s stock.
MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted 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.
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