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Mongodb Inc (NASDAQ:MDB) hit a new 52-week high on Tuesday . The stock traded as high as $60.11 and last traded at $56.44, with a volume of 30536 shares traded. The stock had previously closed at $59.09.
A number of research analysts have recently commented on MDB shares. Monness Crespi & Hardt started coverage on Mongodb in a research note on Wednesday, April 11th. They set a “buy” rating and a $51.00 target price on the stock. Barclays upped their target price on Mongodb from $45.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, April 5th. ValuEngine raised Mongodb from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Nomura upped their target price on Mongodb and gave the company a “neutral” rating in a research note on Tuesday, June 5th. Finally, KeyCorp upped their target price on Mongodb from $50.00 to $62.00 and gave the company an “overweight” rating in a research note on Thursday, June 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $47.00.
The firm has a market cap of $2.92 billion and a PE ratio of -33.84.
Mongodb (NASDAQ:MDB) last announced its quarterly earnings results on Wednesday, June 6th. The company reported ($0.43) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.43). The firm had revenue of $48.20 million during the quarter, compared to analysts’ expectations of $46.46 million. The company’s revenue for the quarter was up 48.8% compared to the same quarter last year. analysts predict that Mongodb Inc will post -2.22 earnings per share for the current year.
In other news, major shareholder Whale Rock Capital Management purchased 1,214,850 shares of the stock in a transaction that occurred on Tuesday, May 8th. The stock was purchased at an average price of $40.23 per share, for a total transaction of $48,873,415.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dev Ittycheria sold 1,206 shares of the business’s stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $49.40, for a total value of $59,576.40. The disclosure for this sale can be found here. Insiders sold 156,789 shares of company stock valued at $8,952,336 in the last quarter. 40.04% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in MDB. Benjamin F. Edwards & Company Inc. lifted its holdings in Mongodb by 36.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,050 shares of the company’s stock worth $201,000 after buying an additional 1,075 shares during the period. Brighton Jones LLC lifted its holdings in Mongodb by 43.3% during the first quarter. Brighton Jones LLC now owns 10,313 shares of the company’s stock worth $448,000 after buying an additional 3,116 shares during the period. UBS Group AG lifted its holdings in Mongodb by 267.4% during the first quarter. UBS Group AG now owns 5,052 shares of the company’s stock worth $219,000 after buying an additional 3,677 shares during the period. Northern Trust Corp lifted its holdings in Mongodb by 26.0% during the first quarter. Northern Trust Corp now owns 19,672 shares of the company’s stock worth $854,000 after buying an additional 4,060 shares during the period. Finally, Stratos Wealth Partners LTD. purchased a new stake in Mongodb during the first quarter worth $177,000. Hedge funds and other institutional investors own 26.89% of the company’s stock.
Mongodb Company Profile
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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