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 traded. The stock had previously closed at $232.70.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MDB. Guggenheim upgraded shares of MongoDB from a “sell” rating to a “neutral” rating in a research note on Monday, June 3rd. Mizuho dropped their target price on shares of MongoDB from $380.00 to $250.00 and set a “neutral” rating for the company in a report on Friday, May 31st. Stifel Nicolaus dropped their price objective on shares of MongoDB from $435.00 to $300.00 and set a “buy” rating for the company in a research note on Friday, May 31st. Oppenheimer lowered their target price on shares of MongoDB from $480.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday, May 31st. Finally, Barclays lowered their target price on shares of MongoDB from $458.00 to $290.00 and set an “overweight” rating for the company in a research note on Friday, May 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $355.74.

View Our Latest Analysis on MDB

MongoDB Trading Down 4.8 %

The company has a current ratio of 4.93, a quick ratio of 4.93 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $16.25 billion, a P/E ratio of -78.84 and a beta of 1.13. The stock has a 50 day simple moving average of $249.70 and a 200-day simple moving average of $340.31.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings data on Thursday, May 30th. The company reported ($0.80) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.80). The firm had revenue of $450.56 million during the quarter, compared to analysts’ expectations of $438.44 million. MongoDB had a negative return on equity of 14.88% and a negative net margin of 11.50%. On average, equities research analysts forecast that MongoDB, Inc. will post -2.67 EPS for the current fiscal year.

Insider Activity at MongoDB

In related news, CFO Michael Lawrence Gordon sold 5,000 shares of the business’s stock in a transaction dated 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 filing with the SEC, which can be accessed through this link. In other news, CFO Michael Lawrence Gordon sold 5,000 shares of the 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 owns 81,942 shares in the company, valued at $20,668,230.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Cedric Pech sold 273 shares of the stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total transaction of $72,424.17. Following the transaction, the executive now directly owns 35,719 shares in the company, valued at $9,475,893.51. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,179 shares of company stock valued at $6,906,989. 3.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MongoDB

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in MongoDB by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 6,910,761 shares of the company’s stock valued at $2,478,475,000 after acquiring an additional 68,348 shares during the period. Jennison Associates LLC boosted its position in MongoDB by 14.3% during 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 during the period. Norges Bank purchased a new stake in shares of MongoDB in the 4th quarter worth about $326,237,000. Swedbank AB increased its stake in shares of MongoDB by 156.3% in the 2nd quarter. Swedbank AB now owns 656,993 shares of the company’s stock worth $164,222,000 after acquiring an additional 400,705 shares in the last quarter. Finally, Champlain Investment Partners LLC boosted its holdings in shares of MongoDB by 22.4% during the 1st quarter. Champlain Investment Partners LLC now owns 550,684 shares of the company’s stock valued at $197,497,000 after acquiring an additional 100,725 shares during the last quarter. 89.29% of the stock is owned by institutional investors.

MongoDB Company Profile

(Get Free Report)

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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