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MongoDB (NASDAQ:MDB – Free Report) had its price objective trimmed by Oppenheimer from $480.00 to $300.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an outperform rating on the stock.
MDB has been the subject of several other reports. Redburn Atlantic reiterated a sell rating and set a $295.00 price objective (down from $410.00) on shares of MongoDB in a research note on Tuesday, March 19th. Loop Capital initiated coverage on MongoDB in a report on Tuesday, April 23rd. They set a buy rating and a $415.00 target price on the stock. Needham & Company LLC decreased their price target on MongoDB from $465.00 to $290.00 and set a buy rating on the stock in a report on Friday. Bank of America decreased their price target on MongoDB from $500.00 to $470.00 and set a buy rating on the stock in a report on Friday, May 17th. Finally, Mizuho cut their target price on MongoDB from $380.00 to $250.00 and set a neutral rating on the stock in a research note on Friday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $374.29.
Get Our Latest Stock Analysis on MongoDB
MongoDB Stock Performance
Shares of NASDAQ MDB opened at $236.06 on Friday. The business has a fifty day simple moving average of $353.32 and a 200 day simple moving average of $390.77. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $17.19 billion, a price-to-earnings ratio of -84.01 and a beta of 1.19. MongoDB has a one year low of $225.25 and a one year high of $509.62.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). MongoDB had a negative net margin of 11.50% and a negative return on equity of 16.00%. The firm had revenue of $458.00 million during the quarter, compared to analyst estimates of $431.99 million. Sell-side analysts expect that MongoDB will post -2.53 EPS for the current year.
Insider Buying and Selling at MongoDB
In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $374.95, for a total value of $2,249,700.00. Following the completion of the transaction, the director now directly owns 1,148,784 shares in the company, valued at $430,736,560.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $363.01, for a total transaction of $363,010.00. Following the completion of the transaction, the director now directly owns 523,896 shares in the company, valued at approximately $190,179,486.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 6,000 shares of MongoDB stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $374.95, for a total value of $2,249,700.00. Following the transaction, the director now owns 1,148,784 shares of the company’s stock, valued at $430,736,560.80. The disclosure for this sale can be found here. Insiders sold a total of 46,802 shares of company stock worth $16,514,071 over the last ninety days. 3.60% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. abrdn plc boosted its stake in MongoDB by 46.0% in the 3rd quarter. abrdn plc now owns 22,803 shares of the company’s stock valued at $7,887,000 after purchasing an additional 7,188 shares during the period. Metis Global Partners LLC boosted its stake in MongoDB by 7.3% in the 3rd quarter. Metis Global Partners LLC now owns 1,950 shares of the company’s stock valued at $674,000 after purchasing an additional 133 shares during the period. Chartwell Investment Partners LLC bought a new stake in MongoDB in the 3rd quarter valued at $1,611,000. Qsemble Capital Management LP bought a new stake in MongoDB in the 3rd quarter valued at $252,000. Finally, Oppenheimer Asset Management Inc. boosted its stake in MongoDB by 52.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 5,336 shares of the company’s stock valued at $1,846,000 after purchasing an additional 1,846 shares during the period. 89.29% of the stock is currently owned by institutional investors.
About MongoDB
MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides 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-premises, 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.
Further Reading
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