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Shares of MongoDB, Inc. (NASDAQ:MDB – Get Free Report) fell 5.3% during mid-day trading on Thursday . The company traded as low as $259.69 and last traded at $263.48. 481,810 shares changed hands during trading, a decline of 69% from the average session volume of 1,543,591 shares. The stock had previously closed at $278.33.
Analyst Ratings Changes
MDB has been the topic of a number of recent analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $380.00 price objective on shares of MongoDB in a research note on Wednesday, December 11th. Truist Financial reiterated a “buy” rating and set a $400.00 price target (up previously from $320.00) on shares of MongoDB in a research note on Tuesday, December 10th. KeyCorp increased their price objective on shares of MongoDB from $330.00 to $375.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Macquarie started coverage on shares of MongoDB in a research report on Thursday, December 12th. They set a “neutral” rating and a $300.00 target price on the stock. Finally, Wedbush raised shares of MongoDB to a “strong-buy” rating in a research report on Thursday, October 17th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $361.00.
Read Our Latest Analysis on MongoDB
MongoDB Trading Up 0.8 %
The firm has a market capitalization of $20.35 billion, a P/E ratio of -99.75 and a beta of 1.25. The business has a 50 day moving average of $272.39 and a 200-day moving average of $269.78.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.48. The company had revenue of $529.40 million during the quarter, compared to the consensus estimate of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm’s revenue was up 22.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.96 earnings per share. On average, analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.
Insider Buying and Selling at MongoDB
In other MongoDB news, insider Cedric Pech sold 287 shares of MongoDB stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $67,183.83. Following the sale, the insider now directly owns 24,390 shares in the company, valued at approximately $5,709,455.10. The trade was a 1.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Thomas Bull sold 1,000 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $355.92, for a total transaction of $355,920.00. Following the transaction, the chief accounting officer now owns 15,068 shares of the company’s stock, valued at approximately $5,363,002.56. This represents a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,491 shares of company stock valued at $11,554,190 in the last 90 days. 3.60% of the stock is currently owned by company insiders.
Institutional Trading of MongoDB
Several institutional investors and hedge funds have recently bought and sold shares of MDB. Global Retirement Partners LLC raised its holdings in shares of MongoDB by 1,591.3% in the 4th quarter. Global Retirement Partners LLC now owns 1,945 shares of the company’s stock valued at $453,000 after purchasing an additional 1,830 shares during the period. Kornitzer Capital Management Inc. KS acquired a new position in shares of MongoDB in the fourth quarter valued at $285,000. Venturi Wealth Management LLC raised its position in shares of MongoDB by 20.6% in the fourth quarter. Venturi Wealth Management LLC now owns 755 shares of the company’s stock valued at $176,000 after purchasing an additional 129 shares during the period. CIBC Asset Management Inc lifted its stake in shares of MongoDB by 239.6% during the 4th quarter. CIBC Asset Management Inc now owns 49,973 shares of the company’s stock worth $11,634,000 after buying an additional 35,256 shares during the last quarter. Finally, MN Wealth Advisors LLC boosted its holdings in shares of MongoDB by 59.7% during the 4th quarter. MN Wealth Advisors LLC now owns 4,113 shares of the company’s stock worth $958,000 after buying an additional 1,537 shares during the period. Institutional investors own 89.29% of the company’s stock.
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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Article originally posted on mongodb google news. Visit mongodb google news