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MongoDB, Inc. (NASDAQ:MDB – Get Free Report)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as $212.00 and last traded at $212.00, with a volume of 13489 shares changing hands. The stock had previously closed at $232.70.
Analyst Ratings Changes
Several brokerages have recently issued reports on MDB. Scotiabank reduced their target price on MongoDB from $385.00 to $250.00 and set a “sector perform” rating on the stock in a report on Monday, June 3rd. KeyCorp reduced their price objective on MongoDB from $490.00 to $440.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. Barclays reduced their price objective on MongoDB from $458.00 to $290.00 and set an “overweight” rating on the stock in a research note on Friday, May 31st. Monness Crespi & Hardt raised MongoDB to a “hold” rating in a research note on Tuesday, May 28th. Finally, Needham & Company LLC reissued a “buy” rating and set a $290.00 price objective on shares of MongoDB in a research note on Thursday, June 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and an average price target of $355.74.
Get Our Latest Research Report on MongoDB
MongoDB Price Performance
The stock has a market capitalization of $15.82 billion, a PE ratio of -82.81 and a beta of 1.13. The stock’s 50 day moving average is $249.70 and its two-hundred day moving average is $340.31. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.93 and a current ratio of 4.93.
MongoDB (NASDAQ:MDB – Get Free Report) last released its earnings results on Thursday, May 30th. The company reported ($0.80) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.80). MongoDB had a negative net margin of 11.50% and a negative return on equity of 14.88%. The business had revenue of $450.56 million for the quarter, compared to analyst estimates of $438.44 million. On average, equities analysts anticipate that MongoDB, Inc. will post -2.67 EPS for the current fiscal year.
Insider Transactions at MongoDB
In other MongoDB news, CFO Michael Lawrence Gordon sold 5,000 shares of MongoDB stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $252.23, for a total transaction of $1,261,150.00. Following the completion of the sale, the chief financial officer now directly owns 81,942 shares in the company, valued at $20,668,230.66. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Michael Lawrence Gordon sold 5,000 shares of MongoDB stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $252.23, for a total value of $1,261,150.00. Following the completion of the sale, the chief financial officer now directly owns 81,942 shares of the company’s stock, valued at $20,668,230.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John Dennis Mcmahon sold 10,000 shares of the firm’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $228.00, for a total value of $2,280,000.00. Following the transaction, the director now owns 20,020 shares of the company’s stock, valued at $4,564,560. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,179 shares of company stock worth $6,906,989. 3.60% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On MongoDB
A number of hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of MongoDB in the 4th quarter valued at $326,237,000. Jennison Associates LLC boosted its holdings in shares of MongoDB by 14.3% in the 1st quarter. Jennison Associates LLC now owns 4,408,424 shares of the company’s stock valued at $1,581,037,000 after buying an additional 551,567 shares in the last quarter. Swedbank AB boosted its stake in MongoDB by 156.3% during the 2nd quarter. Swedbank AB now owns 656,993 shares of the company’s stock worth $164,222,000 after purchasing an additional 400,705 shares during the period. Axiom Investors LLC DE acquired a new stake in MongoDB during the 4th quarter worth $153,990,000. Finally, Clearbridge Investments LLC boosted its stake in MongoDB by 109.0% during the 1st quarter. Clearbridge Investments LLC now owns 445,084 shares of the company’s stock worth $159,625,000 after purchasing an additional 232,101 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.
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.
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