In yesterday’s Wall Street session, MongoDB Inc. (NASDAQ:MDB) shares traded at $194.43, up 9.05% from the previous session.
As of this writing, 25 analysts cover MongoDB Inc. (NASDAQ:MDB). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $325.00 and a low of $170.00, we find $237.50. Given the previous closing price of $178.30, this indicates a potential upside of 33.2 percent. MDB stock price is now 12.60% away from the 50-day moving average and -30.56% away from the 200-day moving average. The market capitalization of the company currently stands at $13.51B.
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There are 5 analysts who have given it a hold rating, whereas 18 have given it a buy rating. Brokers who have rated the stock have averaged $252.40 as their price target over the next twelve months.
With the price target maintained at $215, JMP Securities recently Upgraded its rating from Mkt Perform to Mkt Outperform for MongoDB Inc. (NASDAQ: MDB). On December 07, 2022, Credit Suisse reiterated its ‘Outperform’ rating on the stock by increasing its target price from $400 to quote $305, while ‘KeyBanc Capital Markets’ rates the stock as ‘Overweight’.
In other news, MERRIMAN DWIGHT A, Director sold 14,095 shares of the company’s stock on Dec 01. The stock was sold for $2,170,930 at an average price of $154.02. Upon completion of the transaction, the Director now directly owns 1,322,954 shares in the company, valued at $257.22 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 01, Director MERRIMAN DWIGHT A sold 14,095 shares of the business’s stock. A total of $2,681,544 was realized by selling the stock at an average price of $190.25. This leaves the insider owning 1,322,954 shares of the company worth $257.22 million. Insiders disposed of 846,104 shares of company stock worth roughly $164.51 million over the past 1 year. A total of 2.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MDB stock. A new stake in MongoDB Inc. shares was purchased by ALYESKA INVESTMENT GROUP, L.P. during the first quarter worth $66,804,000. T. ROWE PRICE INVESTMENT MANAGEMENT, INC. invested $62,348,000 in shares of MDB during the first quarter. In the first quarter, DORSAL CAPITAL MANAGEMENT, LLC acquired a new stake in MongoDB Inc. valued at approximately $38,886,000. PARALLAX VOLATILITY ADVISERS, L.P. acquired a new stake in MDB for approximately $33,306,000. ROKOS CAPITAL MANAGEMENT LLP purchased a new stake in MDB valued at around $27,043,000 in the second quarter. In total, there are 786 active investors with 93.20% ownership of the company’s stock.
Thursday morning saw MongoDB Inc. (NASDAQ: MDB) opened at $182.70. During the past 12 months, MongoDB Inc. has had a low of $135.15 and a high of $570.58. As of last week, the company has a debt-to-equity ratio of 1.78, a current ratio of 4.00, and a quick ratio of 4.00. The fifty day moving average price for MDB is $172.68 and a two-hundred day moving average price translates $279.98 for the stock.
The latest earnings results from MongoDB Inc. (NASDAQ: MDB) was released for Jul, 2022. According to the Software – Infrastructure Company, earnings per share came in at -$0.23, beating analysts’ expectations of -$0.28 by 0.05. This compares to -$1.22 EPS in the same period last year. The net profit margin was -33.40% and return on equity was -54.20% for MDB. The company reported revenue of $303.66 million for the quarter, compared to $198.75 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 52.79 percent. For the current quarter, analysts expect MDB to generate $303.47M in revenue.
MongoDB Inc.(MDB) Company Profile
MongoDB, Inc. provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud 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. It also provides professional services comprising consulting and training. The company was formerly known as 10gen, Inc. and changed its name to MongoDB, Inc. in August 2013. MongoDB, Inc. was incorporated in 2007 and is headquartered in New York, New York.
