Mongodb (MDB) Hits New 1-Year High at $62.84
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Mongodb Inc (NASDAQ:MDB) shares reached a new 52-week high on Friday . The company traded as high as $62.84 and last traded at $62.29, with a volume of 41346 shares changing hands. The stock had previously closed at $60.94.
MDB has been the subject of several recent analyst reports. Zacks Investment Research lowered shares of Mongodb from a “hold” rating to a “sell” rating in a research note on Sunday, July 15th. Nomura lifted their price objective on shares of Mongodb and gave the stock a “neutral” rating in a research note on Tuesday, June 5th. ValuEngine raised shares of Mongodb from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Rosenblatt Securities initiated coverage on shares of Mongodb in a research note on Monday, July 9th. They set a “buy” rating for the company. Finally, KeyCorp lifted their price objective on shares of Mongodb from $50.00 to $62.00 and gave the stock an “overweight” rating in a research note on Thursday, June 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. Mongodb has an average rating of “Buy” and a consensus price target of $47.00.
The firm has a market cap of $3.12 billion and a price-to-earnings ratio of -36.26.
Mongodb (NASDAQ:MDB) last released its quarterly earnings data on Wednesday, June 6th. The company reported ($0.43) earnings per share for the quarter, meeting the consensus estimate of ($0.43). The firm had revenue of $48.20 million during the quarter, compared to the consensus estimate of $46.46 million. The business’s quarterly revenue was up 48.8% compared to the same quarter last year. equities analysts predict that Mongodb Inc will post -2.22 earnings per share for the current fiscal year.
In other news, insider Eliot Horowitz sold 9,262 shares of the business’s stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $49.06, for a total transaction of $454,393.72. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Thomas Bull sold 8,000 shares of the business’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 disclosure for this sale can be found here. Insiders sold 163,889 shares of company stock valued at $9,336,588 over the last quarter. 40.04% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of the company. Liberty Mutual Group Asset Management Inc. purchased a new stake in shares of Mongodb during the second quarter worth about $738,000. Ontario Teachers Pension Plan Board purchased a new stake in Mongodb in the second quarter valued at approximately $738,000. NumerixS Investment Technologies Inc purchased a new stake in Mongodb in the second quarter valued at approximately $625,000. D L Carlson Investment Group Inc. purchased a new stake in Mongodb in the second quarter valued at approximately $4,348,000. Finally, FMR LLC boosted its position in Mongodb by 7,986.7% in the second quarter. FMR LLC now owns 2,268,485 shares of the company’s stock valued at $112,585,000 after buying an additional 2,240,433 shares during the last quarter. Institutional investors and hedge funds own 29.54% of the company’s stock.
MongoDB, Inc engages in the development and provision of a general purpose database platform. Its products include MongoDB Enterprise Advanced, MongoDB Professional, Development Support, Ops and Cloud Manager. The company was founded by Eliot Horowitz, Dwight A. Merriman, Kevin P. Ryan and Geir Magnusson Jr.
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