Posted on mongodb google news. Visit mongodb google news

MongoDB, Inc. (NASDAQ:MDB – Get Rating)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $284.91, but opened at $274.10. MongoDB shares last traded at $281.54, with a volume of 344,571 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on MDB shares. The Goldman Sachs Group decreased their target price on MongoDB from $325.00 to $280.00 and set a “buy” rating for the company in a research note on Thursday, March 9th. Tigress Financial restated a “buy” rating and issued a $365.00 target price on shares of MongoDB in a research note on Thursday, April 20th. KeyCorp lifted their target price on MongoDB from $229.00 to $264.00 and gave the company an “overweight” rating in a research note on Thursday, April 20th. Sanford C. Bernstein started coverage on MongoDB in a research note on Friday, February 17th. They issued an “outperform” rating and a $282.00 target price for the company. Finally, Wedbush decreased their target price on MongoDB from $240.00 to $230.00 in a research note on Thursday, March 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and a consensus target price of $257.22.

MongoDB Price Performance

The stock has a fifty day moving average price of $238.04 and a 200-day moving average price of $209.48. The company has a market cap of $19.85 billion, a PE ratio of -56.22 and a beta of 1.06. The company has a debt-to-equity ratio of 1.54, a current ratio of 3.80 and a quick ratio of 3.80.

MongoDB (NASDAQ:MDB – Get Rating) last posted its quarterly earnings results on Wednesday, March 8th. The company reported ($0.98) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.18) by $0.20. MongoDB had a negative net margin of 26.90% and a negative return on equity of 48.38%. The business had revenue of $361.31 million for the quarter, compared to the consensus estimate of $335.84 million. On average, equities analysts expect that MongoDB, Inc. will post -4.04 earnings per share for the current year.

Insider Transactions at MongoDB

In other MongoDB news, CTO Mark Porter sold 2,673 shares of the stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $250.00, for a total transaction of $668,250.00. Following the transaction, the chief technology officer now directly owns 40,336 shares of the company’s stock, valued at $10,084,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other MongoDB news, CEO Dev Ittycheria sold 49,249 shares of the stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $227.55, for a total transaction of $11,206,609.95. Following the transaction, the chief executive officer now directly owns 222,311 shares of the company’s stock, valued at $50,586,868.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Mark Porter sold 2,673 shares of the stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $250.00, for a total transaction of $668,250.00. Following the transaction, the chief technology officer now directly owns 40,336 shares in the company, valued at $10,084,000. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 135,108 shares of company stock valued at $30,127,927. 4.80% of the stock is owned by insiders.

Institutional Investors Weigh In On MongoDB

Hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James & Associates lifted its stake in shares of MongoDB by 32.0% in the first quarter. Raymond James & Associates now owns 4,922 shares of the company’s stock valued at $2,183,000 after buying an additional 1,192 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of MongoDB by 19.1% in the first quarter. PNC Financial Services Group Inc. now owns 1,282 shares of the company’s stock valued at $569,000 after buying an additional 206 shares during the period. MetLife Investment Management LLC bought a new stake in shares of MongoDB in the first quarter valued at about $1,823,000. Panagora Asset Management Inc. lifted its stake in shares of MongoDB by 9.8% in the first quarter. Panagora Asset Management Inc. now owns 1,977 shares of the company’s stock valued at $877,000 after buying an additional 176 shares during the period. Finally, Vontobel Holding Ltd. lifted its stake in shares of MongoDB by 100.3% in the first quarter. Vontobel Holding Ltd. now owns 2,873 shares of the company’s stock valued at $1,236,000 after buying an additional 1,439 shares during the period. 84.86% of the stock is owned by institutional investors and hedge funds.

MongoDB Company Profile

(Get Rating)

MongoDB, Inc engages in the development and provision of a general-purpose database platform. The firm’s products include MongoDB Enterprise Advanced, MongoDB Atlas and Community Server. It also offers professional services including consulting and training. The company was founded by Eliot Horowitz, Dwight A.

Read More

Receive News & Ratings for MongoDB Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for MongoDB and related companies with MarketBeat.com’s FREE daily email newsletter.

Article originally posted on mongodb google news. Visit mongodb google news