Shares of Mongodb Inc (NASDAQ:MDB) have been given an average rating of “Buy” by the sixteen analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $157.25.
A number of analysts have recently issued reports on MDB shares. Citigroup set a $155.00 price objective on Mongodb and gave the company a “hold” rating in a research report on Friday, May 31st. Nomura set a $76.00 price target on Mongodb and gave the company a “sell” rating in a research report on Wednesday, June 19th. Monness Crespi & Hardt reiterated a “buy” rating and issued a $185.00 price target (up from $150.00) on shares of Mongodb in a research report on Thursday, June 6th. KeyCorp upped their price target on Mongodb from $165.00 to $188.00 and gave the company an “overweight” rating in a research report on Wednesday, June 19th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $159.00 price target (up from $130.00) on shares of Mongodb in a research report on Tuesday, June 4th.
In other news, insider Eliot Horowitz sold 21,000 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of $165.33, for a total transaction of $3,471,930.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CRO Cedric Pech sold 29,809 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $180.86, for a total value of $5,391,255.74. The disclosure for this sale can be found here. Insiders sold 227,088 shares of company stock worth $35,102,249 over the last quarter. Company insiders own 25.08% of the company’s stock.
Several hedge funds have recently made changes to their positions in MDB. American Century Companies Inc. bought a new stake in shares of Mongodb during the fourth quarter worth $64,633,000. First Trust Advisors LP lifted its stake in shares of Mongodb by 690.1% during the second quarter. First Trust Advisors LP now owns 746,150 shares of the company’s stock valued at $113,482,000 after acquiring an additional 651,708 shares during the period. FMR LLC lifted its stake in shares of Mongodb by 12.5% during the fourth quarter. FMR LLC now owns 5,275,057 shares of the company’s stock valued at $441,732,000 after acquiring an additional 586,841 shares during the period. FIL Ltd acquired a new position in shares of Mongodb during the first quarter valued at $82,626,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Mongodb by 146.9% during the first quarter. JPMorgan Chase & Co. now owns 794,387 shares of the company’s stock valued at $116,790,000 after acquiring an additional 472,602 shares during the period. Institutional investors own 66.16% of the company’s stock.
Shares of MDB traded down $3.55 on Wednesday, reaching $137.23. 19,370 shares of the stock traded hands, compared to its average volume of 1,460,120. The firm has a market cap of $7.54 billion, a price-to-earnings ratio of -79.65 and a beta of 0.14. The company has a debt-to-equity ratio of 0.93, a quick ratio of 3.18 and a current ratio of 3.18. Mongodb has a 12 month low of $56.21 and a 12 month high of $184.78. The stock’s 50-day moving average is $157.40.
Mongodb (NASDAQ:MDB) last released its quarterly earnings data on Wednesday, June 5th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.02. The business had revenue of $89.40 million for the quarter, compared to analysts’ expectations of $83.50 million. Mongodb had a negative return on equity of 44.47% and a negative net margin of 39.68%. Mongodb’s quarterly revenue was up 78.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.43) earnings per share. As a group, equities research analysts anticipate that Mongodb will post -2.07 earnings per share for the current year.
Mongodb Company Profile
MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted database-as-a-service solution; 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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