MMS • RSS
Posted on mongodb google news. Visit mongodb google news
MongoDB (NASDAQ:MDB – Get Free Report) had its target price lifted by investment analysts at Tigress Financial from $400.00 to $430.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Tigress Financial’s price objective suggests a potential upside of 63.90% from the company’s current price.
Other equities analysts have also issued research reports about the stock. Robert W. Baird upped their target price on shares of MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. DA Davidson upped their target price on shares of MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Sanford C. Bernstein upped their target price on shares of MongoDB from $358.00 to $360.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Rosenblatt Securities assumed coverage on shares of MongoDB in a research report on Tuesday. They set a “buy” rating and a $350.00 target price for the company. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $425.00 price target on shares of MongoDB in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $366.14.
Get Our Latest Stock Report on MongoDB
MongoDB Stock Performance
Shares of MDB traded down $2.74 during mid-day trading on Wednesday, reaching $262.36. The stock had a trading volume of 791,463 shares, compared to its average volume of 1,538,143. The firm has a market cap of $19.38 billion, a price-to-earnings ratio of -94.97 and a beta of 1.17. MongoDB has a 12 month low of $212.74 and a 12 month high of $509.62. The business has a fifty day moving average of $293.40 and a 200 day moving average of $267.50.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business had revenue of $529.40 million during the quarter, compared to analyst estimates of $497.39 million. During the same period in the prior year, the business posted $0.96 earnings per share. The company’s revenue was up 22.3% on a year-over-year basis. On average, research analysts forecast that MongoDB will post -2.29 EPS for the current fiscal year.
Insider Buying and Selling
In other news, CRO Cedric Pech sold 302 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $77,387.50. Following the sale, the executive now directly owns 33,440 shares in the company, valued at approximately $8,569,000. This trade represents a 0.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Thomas Bull sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $355.92, for a total transaction of $355,920.00. Following the completion of the sale, the chief accounting officer now owns 15,068 shares in the company, valued at $5,363,002.56. This represents a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,600 shares of company stock valued at $7,611,849 in the last 90 days. Company insiders own 3.60% of the company’s stock.
Institutional Trading of MongoDB
A number of institutional investors have recently modified their holdings of the company. Jennison Associates LLC raised its position in shares of MongoDB by 23.6% in the 3rd quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock valued at $838,632,000 after purchasing an additional 592,038 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of MongoDB by 1,098.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company’s stock valued at $106,084,000 after purchasing an additional 388,979 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of MongoDB in the 2nd quarter valued at approximately $52,131,000. Avala Global LP purchased a new position in MongoDB during the 3rd quarter worth approximately $47,960,000. Finally, Renaissance Technologies LLC raised its position in MongoDB by 828.9% during the 2nd quarter. Renaissance Technologies LLC now owns 183,000 shares of the company’s stock worth $45,743,000 after buying an additional 163,300 shares during the last quarter. 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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider MongoDB, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and MongoDB wasn’t on the list.
While MongoDB currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Article originally posted on mongodb google news. Visit mongodb google news