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Several other equities analysts have also recently weighed in on MDB. UBS Group lifted their target price on MongoDB from $315.00 to $345.00 and gave the company a buy rating in a research note on Wednesday, June 8th. Oppenheimer reduced their price target on MongoDB from $490.00 to $400.00 and set an outperform rating for the company in a report on Thursday, June 2nd. Morgan Stanley reduced their price target on MongoDB from $378.00 to $368.00 and set an overweight rating for the company in a report on Thursday, June 2nd. Mizuho reduced their price target on MongoDB from $325.00 to $270.00 and set a neutral rating for the company in a report on Wednesday, May 18th. Finally, Citigroup lifted their price target on MongoDB from $405.00 to $425.00 in a report on Thursday, June 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, MongoDB has a consensus rating of Moderate Buy and an average price target of $406.82.
Shares of NASDAQ MDB opened at $291.24 on Tuesday. MongoDB has a fifty-two week low of $213.39 and a fifty-two week high of $590.00. The firm’s 50-day simple moving average is $269.32 and its 200 day simple moving average is $355.28. The company has a quick ratio of 4.16, a current ratio of 4.16 and a debt-to-equity ratio of 1.69. The stock has a market cap of $19.84 billion, a P/E ratio of -60.17 and a beta of 0.91.
MongoDB (NASDAQ:MDB – Get Rating) last issued its quarterly earnings results on Wednesday, June 1st. The company reported ($1.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.34) by $0.19. MongoDB had a negative return on equity of 45.56% and a negative net margin of 32.75%. The firm had revenue of $285.45 million for the quarter, compared to analysts’ expectations of $267.10 million. During the same quarter last year, the business posted ($0.98) EPS. MongoDB’s revenue was up 57.1% on a year-over-year basis. On average, sell-side analysts anticipate that MongoDB will post -5.09 earnings per share for the current fiscal year.
In other news, Director Dwight A. Merriman sold 14,000 shares of the business’s stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $349.22, for a total transaction of $4,889,080.00. Following the sale, the director now directly owns 1,323,384 shares in the company, valued at $462,152,160.48. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $251.74, for a total value of $755,220.00. Following the sale, the director now owns 544,896 shares in the company, valued at $137,172,119.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 76,597 shares of company stock worth $23,412,579. Company insiders own 5.70% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in MDB. Vanguard Group Inc. grew its position in MongoDB by 2.1% in the first quarter. Vanguard Group Inc. now owns 5,970,224 shares of the company’s stock valued at $2,648,332,000 after acquiring an additional 121,201 shares during the period. State Street Corp grew its position in MongoDB by 0.6% in the first quarter. State Street Corp now owns 1,343,657 shares of the company’s stock valued at $596,033,000 after acquiring an additional 7,389 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in MongoDB in the fourth quarter valued at $674,390,000. 1832 Asset Management L.P. grew its position in MongoDB by 19.3% in the first quarter. 1832 Asset Management L.P. now owns 1,028,400 shares of the company’s stock valued at $450,095,000 after acquiring an additional 166,400 shares during the period. Finally, Geode Capital Management LLC grew its position in MongoDB by 7.1% in the fourth quarter. Geode Capital Management LLC now owns 864,250 shares of the company’s stock valued at $456,904,000 after acquiring an additional 56,940 shares during the period. Institutional investors and hedge funds own 88.70% of the company’s stock.
About MongoDB (Get Rating)
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.
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