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MongoDB, Inc. (NASDAQ:MDB – Get Free Report)’s share price was up 3.6% during mid-day trading on Wednesday . The stock traded as high as $236.78 and last traded at $234.75. Approximately 513,776 shares traded hands during trading, a decline of 66% from the average daily volume of 1,511,480 shares. The stock had previously closed at $226.61.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the stock. Guggenheim raised shares of MongoDB from a “sell” rating to a “neutral” rating in a research note on Monday, June 3rd. DA Davidson upgraded MongoDB from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 31st. JMP Securities dropped their price target on MongoDB from $440.00 to $380.00 and set a “market outperform” rating for the company in a research note on Friday, May 31st. Bank of America cut their price target on MongoDB from $500.00 to $470.00 and set a “buy” rating for the company in a report on Friday, May 17th. Finally, Mizuho lowered their target price on MongoDB from $380.00 to $250.00 and set a “neutral” rating for the company in a research report on Friday, May 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $361.30.
Check Out Our Latest Stock Report on MDB
MongoDB Stock Performance
The stock’s 50-day moving average price is $306.14 and its 200 day moving average price is $367.45. 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 quarterly earnings data on Thursday, May 30th. The company reported ($0.80) EPS for the quarter, hitting the consensus estimate of ($0.80). MongoDB had a negative return on equity of 14.88% and a negative net margin of 11.50%. The company had revenue of $450.56 million for the quarter, compared to the consensus estimate of $438.44 million. Sell-side analysts anticipate that MongoDB, Inc. will post -2.67 earnings per share for the current year.
Insider Buying and Selling
In related news, CEO Dev Ittycheria sold 17,160 shares of MongoDB stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $348.11, for a total transaction of $5,973,567.60. Following the transaction, the chief executive officer now directly owns 226,073 shares of the company’s stock, valued at $78,698,272.03. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $363.01, for a total value of $363,010.00. Following the transaction, the director now owns 523,896 shares of the company’s stock, valued at approximately $190,179,486.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Dev Ittycheria sold 17,160 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $348.11, for a total transaction of $5,973,567.60. Following the sale, the chief executive officer now directly owns 226,073 shares of the company’s stock, valued at approximately $78,698,272.03. The disclosure for this sale can be found here. Insiders sold a total of 60,976 shares of company stock valued at $19,770,973 over the last three months. 3.60% of the stock is owned by company insiders.
Hedge Funds Weigh In On MongoDB
A number of large investors have recently made changes to their positions in the business. Cetera Advisors LLC grew its stake in MongoDB by 106.9% during the 1st quarter. Cetera Advisors LLC now owns 1,558 shares of the company’s stock worth $559,000 after buying an additional 805 shares during the last quarter. Cetera Investment Advisers raised its position in shares of MongoDB by 327.6% in the 1st quarter. Cetera Investment Advisers now owns 10,873 shares of the company’s stock valued at $3,899,000 after purchasing an additional 8,330 shares during the last quarter. Atria Investments Inc boosted its stake in MongoDB by 1.2% in the 1st quarter. Atria Investments Inc now owns 3,259 shares of the company’s stock worth $1,169,000 after purchasing an additional 39 shares in the last quarter. Swedbank AB purchased a new stake in MongoDB during the 1st quarter worth approximately $91,915,000. Finally, LRI Investments LLC acquired a new position in MongoDB during the 1st quarter valued at approximately $106,000. 89.29% of the stock is owned by institutional investors and hedge funds.
MongoDB Company Profile
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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