In yesterday’s Wall Street session, MongoDB Inc. (NASDAQ:MDB) shares traded at $407.21, up 4.12% from the previous session.
27 analysts cover MongoDB Inc. (NASDAQ:MDB), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $445.00 and a low of $210.00, we find $420.50. Given the previous closing price of $391.08, this indicates a potential upside of 7.52 percent. MDB stock price is now 22.75% away from the 50-day moving average and 76.02% away from the 200-day moving average. The market capitalization of the company currently stands at $29.51B.
The stock has received a hold rating from 5 analysts and a buy rating from 17. Brokers who have rated the stock have averaged $401.50 as their price target over the next twelve months.
With the price target of $396, CapitalOne recently initiated with Equal Weight rating for MongoDB Inc. (NASDAQ: MDB).
In other news, MERRIMAN DWIGHT A, Director sold 606 shares of the company’s stock on Jul 10. The stock was sold for $231,740 at an average price of $382.41. Upon completion of the transaction, the Director now directly owns 1,214,159 shares in the company, valued at $494.42 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 06, Chief Revenue Officer Pech Cedric sold 15,000 shares of the business’s stock. A total of $5,971,125 was realized by selling the stock at an average price of $398.07. This leaves the insider owning 16,143 shares of the company worth $6.57 million. Insiders disposed of 705,184 shares of company stock worth roughly $287.16 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 CHAMPLAIN INVESTMENT PARTNERS, LLC during the first quarter worth $155,737,000. SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC invested $72,564,000 in shares of MDB during the first quarter. In the first quarter, SG AMERICAS SECURITIES, LLC acquired a new stake in MongoDB Inc. valued at approximately $37,749,000. CINCTIVE CAPITAL MANAGEMENT LP acquired a new stake in MDB for approximately $35,724,000. ZACKS INVESTMENT MANAGEMENT purchased a new stake in MDB valued at around $31,641,000 in the second quarter. In total, there are 780 active investors with 92.40% ownership of the company’s stock.
On Thursday morning MongoDB Inc. (NASDAQ: MDB) stock kicked off with the opening price of $394.92. During the past 12 months, MongoDB Inc. has had a low of $135.15 and a high of $418.70. As of last week, the company has a debt-to-equity ratio of 1.50, a current ratio of 4.20, and a quick ratio of 4.20. The fifty day moving average price for MDB is $335.37 and a two-hundred day moving average price translates $232.41 for the stock.
The latest earnings results from MongoDB Inc. (NASDAQ: MDB) was released for Apr, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.56, beating analysts’ expectations of $0.19 by 0.37. This compares to -$1.14 EPS in the same period last year. The net profit margin was -23.60% and return on equity was -44.70% for MDB. The company reported revenue of $368.28 million for the quarter, compared to $285.45 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 29.02 percent. For the current quarter, analysts expect MDB to generate $392.13M in revenue.
MongoDB Inc.(MDB) Company Profile
MongoDB, Inc. provides general purpose database platform worldwide. The company offers 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-premise, 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. 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.
