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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) was down 2.5% on Friday . The stock traded as low as $374.60 and last traded at $374.75. Approximately 516,426 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 1,598,306 shares. The stock had previously closed at $384.24.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on MDB shares. UBS Group upped their target price on MongoDB from $425.00 to $465.00 and gave the stock a “buy” rating in a research report on Friday, September 1st. Oppenheimer upped their target price on MongoDB from $430.00 to $480.00 and gave the stock an “outperform” rating in a research report on Friday, September 1st. Truist Financial reaffirmed a “buy” rating and issued a $430.00 target price on shares of MongoDB in a research report on Monday, November 13th. Argus upped their target price on MongoDB from $435.00 to $484.00 and gave the stock a “buy” rating in a research report on Tuesday, September 5th. Finally, Sanford C. Bernstein upped their target price on MongoDB from $424.00 to $471.00 in a research report on Sunday, September 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $432.44.
Check Out Our Latest Stock Analysis on MDB
MongoDB Trading Down 0.6 %
The company has a market capitalization of $27.24 billion, a price-to-earnings ratio of -144.62 and a beta of 1.19. The firm has a 50-day moving average price of $371.27 and a 200-day moving average price of $373.15. The company has a current ratio of 4.48, a quick ratio of 4.48 and a debt-to-equity ratio of 1.29.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings results on Tuesday, December 5th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.45. MongoDB had a negative return on equity of 21.68% and a negative net margin of 11.70%. The company had revenue of $432.94 million for the quarter, compared to analysts’ expectations of $406.33 million. During the same period last year, the firm earned ($1.23) EPS. The firm’s revenue for the quarter was up 29.8% on a year-over-year basis. As a group, sell-side analysts predict that MongoDB, Inc. will post -2.17 EPS for the current year.
Insider Transactions at MongoDB
In other news, CEO Dev Ittycheria sold 134,000 shares of the firm’s stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $327.20, for a total transaction of $43,844,800.00. Following the completion of the sale, the chief executive officer now directly owns 218,085 shares of the company’s stock, valued at approximately $71,357,412. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Dev Ittycheria sold 134,000 shares of the firm’s stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $327.20, for a total transaction of $43,844,800.00. Following the completion of the sale, the chief executive officer now directly owns 218,085 shares of the company’s stock, valued at approximately $71,357,412. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CRO Cedric Pech sold 308 shares of the firm’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $326.27, for a total value of $100,491.16. Following the sale, the executive now directly owns 34,110 shares of the company’s stock, valued at $11,129,069.70. The disclosure for this sale can be found here. Insiders sold a total of 305,511 shares of company stock valued at $108,766,329 in the last three months. 4.80% of the stock is currently owned by corporate insiders.
Institutional Trading of MongoDB
Hedge funds and other institutional investors have recently modified their holdings of the business. Atika Capital Management LLC boosted its position in shares of MongoDB by 5.3% in the second quarter. Atika Capital Management LLC now owns 31,500 shares of the company’s stock worth $12,946,000 after buying an additional 1,575 shares during the period. Raymond James & Associates raised its holdings in shares of MongoDB by 227.2% during the second quarter. Raymond James & Associates now owns 39,361 shares of the company’s stock worth $16,177,000 after acquiring an additional 27,331 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of MongoDB during the second quarter worth $6,704,000. American Trust purchased a new stake in shares of MongoDB during the second quarter worth $349,000. Finally, Empower Advisory Group LLC purchased a new stake in shares of MongoDB during the first quarter worth $7,302,000. Institutional investors and hedge funds own 88.89% of the company’s stock.
About MongoDB
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.
See Also
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