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Capital One Financial began coverage on shares of MongoDB (NASDAQ:MDB – Get Rating) in a research report released on Monday, The Fly reports. The firm issued an equal weight rating and a $396.00 price objective on the stock.
Several other brokerages have also recently weighed in on MDB. Piper Sandler upped their price target on MongoDB from $270.00 to $400.00 in a research report on Friday, June 2nd. Guggenheim downgraded MongoDB from a neutral rating to a sell rating and upped their target price for the company from $205.00 to $210.00 in a report on Thursday, May 25th. They noted that the move was a valuation call. Barclays increased their price objective on MongoDB from $280.00 to $374.00 in a report on Friday, June 2nd. Royal Bank of Canada increased their price objective on MongoDB from $400.00 to $445.00 in a research report on Friday. Finally, JMP Securities raised their price objective on MongoDB from $245.00 to $370.00 in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $353.75.
MongoDB Trading Down 2.6 %
Shares of MDB stock opened at $379.98 on Monday. The stock has a market cap of $26.61 billion, a price-to-earnings ratio of -81.37 and a beta of 1.04. The stock has a 50-day moving average of $298.74 and a 200-day moving average of $240.54. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 1.44. MongoDB has a 1-year low of $135.15 and a 1-year high of $398.89.
MongoDB (NASDAQ:MDB – Get Rating) last announced its quarterly earnings results on Thursday, June 1st. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.38. MongoDB had a negative return on equity of 43.25% and a negative net margin of 23.58%. The business had revenue of $368.28 million for the quarter, compared to analyst estimates of $347.77 million. During the same quarter in the prior year, the company earned ($1.15) earnings per share. The company’s quarterly revenue was up 29.0% on a year-over-year basis. On average, equities research analysts forecast that MongoDB will post -2.85 earnings per share for the current year.
Insider Buying and Selling at MongoDB
In other MongoDB news, CAO Thomas Bull sold 605 shares of the company’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $228.34, for a total value of $138,145.70. Following the completion of the sale, the chief accounting officer now directly owns 17,706 shares in the company, valued at approximately $4,042,988.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other MongoDB news, CAO Thomas Bull sold 605 shares of the stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $228.34, for a total value of $138,145.70. Following the completion of the sale, the chief accounting officer now directly owns 17,706 shares in the company, valued at $4,042,988.04. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CTO Mark Porter sold 1,900 shares of the stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $226.17, for a total value of $429,723.00. Following the completion of the transaction, the chief technology officer now directly owns 43,009 shares in the company, valued at $9,727,345.53. The disclosure for this sale can be found here. Insiders have sold 108,856 shares of company stock valued at $27,327,511 in the last quarter. 4.80% of the stock is owned by insiders.
Institutional Trading of MongoDB
Institutional investors have recently bought and sold shares of the business. Bessemer Group Inc. purchased a new position in MongoDB during the fourth quarter worth approximately $29,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in MongoDB in the fourth quarter valued at $30,000. Global Retirement Partners LLC raised its position in MongoDB by 346.7% in the first quarter. Global Retirement Partners LLC now owns 134 shares of the company’s stock valued at $30,000 after purchasing an additional 104 shares during the period. Lindbrook Capital LLC raised its holdings in shares of MongoDB by 350.0% in the 4th quarter. Lindbrook Capital LLC now owns 171 shares of the company’s stock valued at $34,000 after buying an additional 133 shares during the period. Finally, Y.D. More Investments Ltd purchased a new stake in shares of MongoDB in the 4th quarter valued at $36,000. 89.22% of the stock is owned by institutional investors and hedge funds.
About MongoDB
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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Article originally posted on mongodb google news. Visit mongodb google news