Shares of Mongodb Inc (NASDAQ:MDB) have earned a consensus recommendation of “Buy” from the sixteen analysts that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $165.73.
Several research firms recently issued reports on MDB. Monness Crespi & Hardt set a $185.00 target price on Mongodb and gave the company a “buy” rating in a research report on Friday, August 30th. Compass Point began coverage on Mongodb in a research report on Tuesday, August 13th. They issued a “neutral” rating and a $155.00 target price on the stock. Citigroup upped their target price on Mongodb from $184.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. KeyCorp set a $188.00 target price on Mongodb and gave the company a “buy” rating in a research report on Wednesday, September 4th. Finally, Zacks Investment Research downgraded Mongodb from a “hold” rating to a “sell” rating in a research report on Friday, September 20th.
In other Mongodb news, CRO Cedric Pech sold 1,924 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $130.17, for a total transaction of $250,447.08. Also, CEO Dev Ittycheria sold 23,000 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $140.97, for a total value of $3,242,310.00. Following the sale, the chief executive officer now directly owns 212,590 shares in the company, valued at $29,968,812.30. The disclosure for this sale can be found here. Insiders have sold a total of 165,163 shares of company stock worth $22,175,039 over the last ninety days. 25.08% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. FNY Investment Advisers LLC grew its position in Mongodb by 1,638.5% during the 2nd quarter. FNY Investment Advisers LLC now owns 200 shares of the company’s stock worth $30,000 after purchasing an additional 213 shares during the period. Captrust Financial Advisors grew its position in shares of Mongodb by 100.0% during the 2nd quarter. Captrust Financial Advisors now owns 200 shares of the company’s stock valued at $30,000 after acquiring an additional 100 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Mongodb during the 2nd quarter valued at about $33,000. Lindbrook Capital LLC grew its position in shares of Mongodb by 50.0% during the 2nd quarter. Lindbrook Capital LLC now owns 300 shares of the company’s stock valued at $45,000 after acquiring an additional 100 shares during the period. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of Mongodb during the 2nd quarter valued at about $60,000. 71.72% of the stock is currently owned by institutional investors.
Shares of MDB traded up $1.75 during midday trading on Monday, hitting $118.61. 1,326,270 shares of the company’s stock traded hands, compared to its average volume of 1,516,847. Mongodb has a 1 year low of $64.86 and a 1 year high of $184.78. The firm’s fifty day moving average is $130.74 and its 200-day moving average is $143.04. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $6.78 billion, a price-to-earnings ratio of -68.96 and a beta of 0.08.
Mongodb (NASDAQ:MDB) last issued its quarterly earnings data on Wednesday, September 4th. The company reported ($0.58) EPS for the quarter, missing the consensus estimate of ($0.51) by ($0.07). Mongodb had a negative net margin of 36.58% and a negative return on equity of 43.95%. The business had revenue of $99.40 million for the quarter, compared to analysts’ expectations of $91.70 million. During the same quarter in the prior year, the company posted ($0.41) EPS. The business’s revenue for the quarter was up 66.8% on a year-over-year basis. On average, equities research analysts anticipate that Mongodb will post -2.24 EPS 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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