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MongoDB, Inc. (NASDAQ:MDB – Free Report) shares reached a new 52-week high during trading on Wednesday after Tigress Financial raised their price target on the stock from $365.00 to $490.00. The stock traded as high as $413.63 and last traded at $405.50, with a volume of 682943 shares. The stock had previously closed at $388.34.

Several other research analysts also recently commented on MDB. Capital One Financial assumed coverage on shares of MongoDB in a report on Monday. They issued an “equal weight” rating and a $396.00 price objective for the company. Citigroup lifted their price objective on shares of MongoDB from $363.00 to $430.00 in a report on Friday, June 2nd. William Blair reaffirmed an “outperform” rating on shares of MongoDB in a report on Friday, June 2nd. Royal Bank of Canada lifted their price objective on shares of MongoDB from $400.00 to $445.00 in a report on Friday, June 23rd. Finally, Barclays lifted their price objective on shares of MongoDB from $374.00 to $421.00 in a report on Monday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $366.30.

Insider Buying and Selling at MongoDB

In other news, Director Hope F. Cochran sold 1,175 shares of MongoDB stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $228.33, for a total transaction of $268,287.75. Following the sale, the director now owns 9,437 shares of the company’s stock, valued at approximately $2,154,750.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Thomas Bull sold 605 shares of MongoDB stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $228.34, for a total transaction of $138,145.70. Following the sale, the chief accounting officer now owns 17,706 shares of the company’s stock, valued at approximately $4,042,988.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Hope F. Cochran sold 1,175 shares of MongoDB stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $228.33, for a total transaction of $268,287.75. Following the sale, the director now directly owns 9,437 shares in the company, valued at approximately $2,154,750.21. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 108,856 shares of company stock worth $27,327,511. 4.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MongoDB

Several hedge funds have recently bought and sold shares of the business. Empower Advisory Group LLC bought a new stake in MongoDB during the first quarter worth about $7,302,000. Toroso Investments LLC boosted its stake in MongoDB by 5.4% during the first quarter. Toroso Investments LLC now owns 2,827 shares of the company’s stock worth $659,000 after acquiring an additional 144 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in MongoDB by 16.0% during the first quarter. B. Riley Wealth Advisors Inc. now owns 1,457 shares of the company’s stock worth $340,000 after acquiring an additional 201 shares in the last quarter. AM Squared Ltd boosted its stake in MongoDB by 33.3% during the first quarter. AM Squared Ltd now owns 1,200 shares of the company’s stock worth $280,000 after acquiring an additional 300 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its stake in MongoDB by 31.5% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 208,455 shares of the company’s stock worth $48,595,000 after acquiring an additional 49,900 shares in the last quarter. Institutional investors own 89.22% of the company’s stock.

MongoDB Price Performance

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’s 50 day moving average is $308.79 and its 200 day moving average is $244.13. The firm has a market cap of $28.22 billion, a P/E ratio of -86.29 and a beta of 1.04.

MongoDB (NASDAQ:MDB – Free Report) last issued its earnings results on Thursday, June 1st. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.38. The firm had revenue of $368.28 million for the quarter, compared to the consensus estimate of $347.77 million. MongoDB had a negative net margin of 23.58% and a negative return on equity of 43.25%. The business’s revenue was up 29.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.15) earnings per share. As a group, analysts anticipate that MongoDB, Inc. will post -2.85 earnings per share for the current year.

MongoDB Company Profile

(Free Report)

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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