MongoDB Inc. (NASDAQ:MDB) shares traded -6.08% lower at $398.74 on Wall Street last session.
In accordance with the data, 28 analysts cover MongoDB Inc. (NASDAQ:MDB). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $462.00 and a low of $210.00, we find $424.50. Given the previous closing price of $424.57, this indicates a potential downside of -0.02 percent. MDB stock price is now 5.90% away from the 50-day moving average and 61.58% away from the 200-day moving average. The market capitalization of the company currently stands at $27.59B.
It has been rated a hold by 5 analysts and a buy by 17. Brokers who have rated the stock have averaged $406.73 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 1,000 shares of the company’s stock on Jul 18. The stock was sold for $420,000 at an average price of $420.00. Upon completion of the transaction, the Director now directly owns 1,213,159 shares in the company, valued at $483.74 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 10, Director MERRIMAN DWIGHT A sold 606 shares of the business’s stock. A total of $231,740 was realized by selling the stock at an average price of $382.41. This leaves the insider owning 1,214,159 shares of the company worth $484.13 million. Insiders disposed of 752,892 shares of company stock worth roughly $300.21 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 $152,498,000. SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC invested $71,055,000 in shares of MDB during the first quarter. In the first quarter, YONG RONG (HK) ASSET MANAGEMENT LTD acquired a new stake in MongoDB Inc. valued at approximately $52,558,000. SG AMERICAS SECURITIES, LLC acquired a new stake in MDB for approximately $36,964,000. CINCTIVE CAPITAL MANAGEMENT LP purchased a new stake in MDB valued at around $34,981,000 in the second quarter.
During the past 12 months, MongoDB Inc. has had a low of $135.15 and a high of $439.00. 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 $378.99 and a two-hundred day moving average price translates $247.87 for the stock.
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 $356.56M in revenue.
