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MongoDB (NASDAQ:MDB) Price Target Increased to $545.00 by Analysts at The Goldman …

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Posted on mongodb google news. Visit mongodb google news

MongoDB (NASDAQ:MDB) had its price target boosted by investment analysts at The Goldman Sachs Group from $475.00 to $545.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s target price would suggest a potential upside of 9.04% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Canaccord Genuity raised their price target on MongoDB from $475.00 to $560.00 and gave the company a “buy” rating in a report on Tuesday. They noted that the move was a valuation call. Oppenheimer raised their target price on MongoDB from $400.00 to $470.00 and gave the stock an “outperform” rating in a report on Friday, September 3rd. Mizuho raised their target price on MongoDB from $475.00 to $490.00 and gave the stock a “neutral” rating in a report on Tuesday. Piper Sandler raised their target price on MongoDB from $525.00 to $585.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Zacks Investment Research cut MongoDB from a “buy” rating to a “hold” rating in a report on Friday, September 10th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, MongoDB presently has an average rating of “Buy” and an average price target of $533.24.

Shares of NASDAQ MDB opened at $499.82 on Wednesday. The business has a fifty day simple moving average of $507.14 and a 200 day simple moving average of $425.82. The company has a current ratio of 5.74, a quick ratio of 5.74 and a debt-to-equity ratio of 1.69. The firm has a market capitalization of $33.08 billion, a price-to-earnings ratio of -105.67 and a beta of 0.66. MongoDB has a one year low of $238.01 and a one year high of $590.00.

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MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Sunday, December 5th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.38) by $0.27. MongoDB had a negative return on equity of 239.38% and a negative net margin of 41.24%. The firm had revenue of $226.89 million during the quarter, compared to analyst estimates of $205.18 million. During the same period in the prior year, the company posted ($0.98) earnings per share. The business’s revenue for the quarter was up 50.5% compared to the same quarter last year. On average, research analysts anticipate that MongoDB will post -4.72 earnings per share for the current fiscal year.

In related news, Director Dwight A. Merriman sold 3,000 shares of the business’s stock in a transaction on Wednesday, December 1st. The stock was sold at an average price of $487.81, for a total value of $1,463,430.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Cedric Pech sold 10,000 shares of the business’s stock in a transaction on Monday, September 13th. The shares were sold at an average price of $478.14, for a total value of $4,781,400.00. The disclosure for this sale can be found here. In the last three months, insiders sold 63,555 shares of company stock worth $30,699,509. 7.40% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Blair William & Co. IL lifted its position in shares of MongoDB by 10.7% during the 2nd quarter. Blair William & Co. IL now owns 187,599 shares of the company’s stock valued at $67,821,000 after acquiring an additional 18,096 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its position in shares of MongoDB by 24.3% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 9,847 shares of the company’s stock valued at $3,565,000 after acquiring an additional 1,926 shares during the period. Evolutionary Tree Capital Management LLC lifted its position in shares of MongoDB by 62.1% during the 2nd quarter. Evolutionary Tree Capital Management LLC now owns 10,379 shares of the company’s stock valued at $3,752,000 after acquiring an additional 3,978 shares during the period. O Shaughnessy Asset Management LLC lifted its position in shares of MongoDB by 76.3% during the 2nd quarter. O Shaughnessy Asset Management LLC now owns 855 shares of the company’s stock valued at $309,000 after acquiring an additional 370 shares during the period. Finally, Advisors Asset Management Inc. lifted its position in shares of MongoDB by 39.1% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,213 shares of the company’s stock valued at $439,000 after acquiring an additional 341 shares during the period. Institutional investors and hedge funds own 88.50% of the company’s stock.

About MongoDB

MongoDB, Inc engages in the development and provision of a general purpose database platform. The firm’s products include MongoDB Enterprise Advanced, MongoDB Atlas and Community Server. It also offers professional services including consulting and training. The company was founded by Eliot Horowitz, Dwight A.

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Article originally posted on mongodb google news. Visit mongodb google news

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