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MongoDB (NASDAQ:MDB – Free Report) had its target price hoisted by Oppenheimer from $430.00 to $480.00 in a research note issued to investors on Friday, Benzinga reports. Oppenheimer currently has an outperform rating on the stock.
Other equities analysts also recently issued research reports about the stock. Sanford C. Bernstein boosted their target price on shares of MongoDB from $257.00 to $424.00 in a research note on Monday, June 5th. Capital One Financial initiated coverage on MongoDB in a report on Monday, June 26th. They issued an equal weight rating and a $396.00 price objective for the company. Macquarie lifted their target price on shares of MongoDB from $434.00 to $456.00 in a report on Friday. UBS Group increased their price target on shares of MongoDB from $425.00 to $465.00 and gave the stock a buy rating in a research note on Friday. Finally, Mizuho lifted their price objective on shares of MongoDB from $240.00 to $260.00 in a research note on Friday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $405.35.
Check Out Our Latest Report on MDB
MongoDB Price Performance
MDB stock opened at $392.88 on Friday. The business’s 50-day moving average is $389.98 and its two-hundred day moving average is $304.08. The company has a debt-to-equity ratio of 1.44, a current ratio of 4.19 and a quick ratio of 4.19. The firm has a market capitalization of $27.73 billion, a P/E ratio of -84.13 and a beta of 1.13. MongoDB has a 1 year low of $135.15 and a 1 year high of $439.00.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings results on Thursday, June 1st. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.38. MongoDB had a negative net margin of 23.58% and a negative return on equity of 43.25%. The company had revenue of $368.28 million during the quarter, compared to the consensus estimate of $347.77 million. During the same quarter in the previous year, the firm earned ($1.15) earnings per share. The firm’s quarterly revenue was up 29.0% on a year-over-year basis. Analysts anticipate that MongoDB will post -2.8 earnings per share for the current fiscal year.
Insider Activity
In related news, Director Hope F. Cochran sold 2,174 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $373.19, for a total transaction of $811,315.06. Following the sale, the director now owns 8,200 shares of the company’s stock, valued at $3,060,158. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Hope F. Cochran sold 2,174 shares of MongoDB stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $373.19, for a total transaction of $811,315.06. Following the completion of the transaction, the director now directly owns 8,200 shares of the company’s stock, valued at $3,060,158. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Thomas Bull sold 516 shares of the business’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $406.78, for a total value of $209,898.48. Following the sale, the chief accounting officer now owns 17,190 shares in the company, valued at $6,992,548.20. The disclosure for this sale can be found here. Insiders sold 76,551 shares of company stock worth $31,143,942 in the last 90 days. 4.80% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of MDB. Raymond James & Associates boosted its stake in MongoDB by 32.0% in the 1st quarter. Raymond James & Associates now owns 4,922 shares of the company’s stock worth $2,183,000 after buying an additional 1,192 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of MongoDB by 19.1% in the first quarter. PNC Financial Services Group Inc. now owns 1,282 shares of the company’s stock worth $569,000 after acquiring an additional 206 shares in the last quarter. MetLife Investment Management LLC purchased a new position in shares of MongoDB in the 1st quarter valued at $1,823,000. Panagora Asset Management Inc. increased its holdings in MongoDB by 9.8% in the 1st quarter. Panagora Asset Management Inc. now owns 1,977 shares of the company’s stock valued at $877,000 after purchasing an additional 176 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its position in MongoDB by 100.3% in the first quarter. Vontobel Holding Ltd. now owns 2,873 shares of the company’s stock valued at $1,236,000 after purchasing an additional 1,439 shares during the period. 88.89% of the stock is owned by hedge funds and other institutional investors.
MongoDB Company Profile
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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