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A number of other brokerages have also recently issued reports on MDB. Canaccord Genuity Group decreased their target price on MongoDB from $400.00 to $300.00 in a report on Thursday, June 2nd. Oppenheimer decreased their target price on MongoDB from $490.00 to $400.00 and set an outperform rating on the stock in a report on Thursday, June 2nd. Redburn Partners started coverage on MongoDB in a report on Wednesday, June 29th. They issued a sell rating and a $190.00 target price on the stock. Robert W. Baird started coverage on MongoDB in a report on Tuesday, July 12th. They set an outperform rating and a $360.00 price target on the stock. Finally, Mizuho lowered their price target on MongoDB from $325.00 to $270.00 and set a neutral rating on the stock in a report on Wednesday, May 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $401.17.
MongoDB Stock Up 8.2 %
MDB opened at $307.57 on Monday. MongoDB has a one year low of $213.39 and a one year high of $590.00. The company has a debt-to-equity ratio of 1.69, a quick ratio of 4.16 and a current ratio of 4.16. The stock’s fifty day moving average is $269.38 and its 200-day moving average is $346.03. The company has a market capitalization of $20.95 billion, a PE ratio of -63.55 and a beta of 0.91.
MongoDB (NASDAQ:MDB – Get Rating) last issued its earnings results on Wednesday, June 1st. The company reported ($1.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.34) by $0.19. The business had revenue of $285.45 million for the quarter, compared to analysts’ expectations of $267.10 million. MongoDB had a negative return on equity of 45.56% and a negative net margin of 32.75%. The company’s quarterly revenue was up 57.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.98) EPS. On average, equities analysts predict that MongoDB will post -5.09 EPS for the current fiscal year.
Insider Activity at MongoDB
In other MongoDB news, CEO Dev Ittycheria sold 35,000 shares of the business’s stock in a transaction dated Thursday, May 5th. The stock was sold at an average price of $321.10, for a total value of $11,238,500.00. Following the completion of the sale, the chief executive officer now owns 204,744 shares of the company’s stock, valued at $65,743,298.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other MongoDB news, Director Dwight A. Merriman sold 588 shares of the business’s stock in a transaction dated Monday, July 11th. The stock was sold at an average price of $309.62, for a total value of $182,056.56. Following the completion of the sale, the director now owns 1,322,954 shares of the company’s stock, valued at $409,613,017.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Dev Ittycheria sold 35,000 shares of the business’s stock in a transaction dated Thursday, May 5th. The stock was sold at an average price of $321.10, for a total value of $11,238,500.00. Following the completion of the sale, the chief executive officer now directly owns 204,744 shares of the company’s stock, valued at approximately $65,743,298.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 77,185 shares of company stock valued at $23,594,636. Insiders own 5.70% of the company’s stock.
Hedge Funds Weigh In On MongoDB
Large investors have recently made changes to their positions in the business. Commerce Bank grew its stake in shares of MongoDB by 1.7% in the 4th quarter. Commerce Bank now owns 1,413 shares of the company’s stock valued at $747,000 after purchasing an additional 24 shares during the period. Total Clarity Wealth Management Inc. grew its stake in shares of MongoDB by 6.9% in the 1st quarter. Total Clarity Wealth Management Inc. now owns 465 shares of the company’s stock valued at $206,000 after purchasing an additional 30 shares during the period. Profund Advisors LLC grew its stake in shares of MongoDB by 5.2% in the 4th quarter. Profund Advisors LLC now owns 647 shares of the company’s stock valued at $342,000 after purchasing an additional 32 shares during the period. Ieq Capital LLC grew its stake in shares of MongoDB by 2.3% in the 1st quarter. Ieq Capital LLC now owns 1,485 shares of the company’s stock valued at $659,000 after purchasing an additional 34 shares during the period. Finally, Wedbush Securities Inc. grew its position in MongoDB by 1.8% during the 1st quarter. Wedbush Securities Inc. now owns 2,253 shares of the company’s stock worth $999,000 after acquiring an additional 40 shares during the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.
MongoDB Company Profile
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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Article originally posted on mongodb google news. Visit mongodb google news