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Guggenheim upgraded shares of MongoDB (NASDAQ:MDB – Free Report) from a sell rating to a neutral rating in a research report report published on Monday, MarketBeat reports.
MDB has been the subject of several other research reports. Robert W. Baird dropped their price objective on MongoDB from $450.00 to $305.00 and set an outperform rating for the company in a report on Friday. Oppenheimer dropped their price objective on MongoDB from $480.00 to $300.00 and set an outperform rating for the company in a report on Friday. Mizuho dropped their price objective on MongoDB from $380.00 to $250.00 and set a neutral rating for the company in a report on Friday. Canaccord Genuity Group lowered their target price on MongoDB from $435.00 to $325.00 and set a buy rating for the company in a research note on Friday. Finally, Piper Sandler lowered their target price on MongoDB from $480.00 to $350.00 and set an overweight rating for the company in a research note on Friday. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, MongoDB has a consensus rating of Moderate Buy and a consensus price target of $364.11.
Read Our Latest Analysis on MDB
MongoDB Trading Down 0.6 %
Shares of MDB stock opened at $234.61 on Monday. MongoDB has a 1-year low of $225.25 and a 1-year high of $509.62. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40. The business has a 50-day moving average of $350.94 and a 200 day moving average of $389.62. The stock has a market capitalization of $17.09 billion, a PE ratio of -83.49 and a beta of 1.13.
MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing the consensus estimate of ($0.71) by ($0.32). MongoDB had a negative return on equity of 16.00% and a negative net margin of 11.50%. The business had revenue of $458.00 million during the quarter, compared to analysts’ expectations of $431.99 million. As a group, sell-side analysts anticipate that MongoDB will post -2.53 earnings per share for the current year.
Insider Buying and Selling
In related news, CAO Thomas Bull sold 170 shares of MongoDB stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total value of $59,180.40. Following the completion of the sale, the chief accounting officer now owns 17,360 shares of the company’s stock, valued at $6,043,363.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Michael Lawrence Gordon sold 9,316 shares of MongoDB stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total transaction of $3,243,085.92. Following the transaction, the chief financial officer now directly owns 83,511 shares in the company, valued at $29,071,849.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Thomas Bull sold 170 shares of MongoDB stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total value of $59,180.40. Following the transaction, the chief accounting officer now owns 17,360 shares in the company, valued at $6,043,363.20. The disclosure for this sale can be found here. Insiders sold 46,802 shares of company stock valued at $16,514,071 over the last 90 days. Company insiders own 3.60% of the company’s stock.
Hedge Funds Weigh In On MongoDB
Several large investors have recently made changes to their positions in MDB. Oppenheimer Asset Management Inc. lifted its position in shares of MongoDB by 52.9% in the third quarter. Oppenheimer Asset Management Inc. now owns 5,336 shares of the company’s stock valued at $1,846,000 after acquiring an additional 1,846 shares in the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of MongoDB by 19.6% in the third quarter. Oppenheimer & Co. Inc. now owns 4,410 shares of the company’s stock valued at $1,525,000 after acquiring an additional 724 shares in the last quarter. Amalgamated Bank lifted its position in shares of MongoDB by 4.7% in the third quarter. Amalgamated Bank now owns 7,548 shares of the company’s stock valued at $2,611,000 after acquiring an additional 340 shares in the last quarter. Banque Cantonale Vaudoise lifted its position in shares of MongoDB by 10.4% in the third quarter. Banque Cantonale Vaudoise now owns 1,374 shares of the company’s stock valued at $476,000 after acquiring an additional 129 shares in the last quarter. Finally, Tanager Wealth Management LLP purchased a new position in shares of MongoDB in the third quarter valued at about $316,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.
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