MongoDB Inc (NASDAQ:MDB) shares traded -0.82% lower at $384.24 on Wall Street last session.
In accordance with the data, 30 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 $500.00 and a low of $250.00, we find $475.00. Given the previous closing price of $387.42, this indicates a potential upside of 22.61 percent. MDB stock price is now 4.36% away from the 50-day moving average and 17.54% away from the 200-day moving average. The market capitalization of the company currently stands at $27.41B.
It has been rated a hold by 5 analysts and a buy by 19. Brokers who have rated the stock have averaged $460.50 as their price target over the next twelve months.
With the price target of $500, Wells Fargo recently initiated with Overweight rating for MongoDB Inc (NASDAQ: MDB).
In other news, MERRIMAN DWIGHT A, Director sold 6,000 shares of the company’s stock on Dec 04. The stock was sold for $2,623,988 at an average price of $437.33. Upon completion of the transaction, the Director now directly owns 1,183,159 shares in the company, valued at $454.62 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 01, President & CEO Ittycheria Dev sold 33,000 shares of the business’s stock. A total of $13,811,148 was realized by selling the stock at an average price of $418.52. This leaves the insider owning 214,177 shares of the company worth $82.3 million. Insiders disposed of 876,226 shares of company stock worth roughly $336.68 million over the past 1 year. A total of 3.81% of the company’s stock is owned by insiders.
MongoDB Inc (NASDAQ: MDB) opened at $390.51 on Thursday. During the past 12 months, MongoDB Inc has had a low of $164.59 and a high of $442.84. As of last week, the company has a debt-to-equity ratio of 1.22, a current ratio of 4.56, and a quick ratio of 4.32. The fifty day moving average price for MDB is $368.19 and a two-hundred day moving average price translates $326.91 for the stock.
The latest earnings results from MongoDB Inc (NASDAQ: MDB) was released for Oct, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.96, beating analysts’ expectations of $0.5 by 0.46. This compares to -$1.74 EPS in the same period last year. The net profit margin was -11.70% and return on equity was -22.46% for MDB. The company reported revenue of $423.79 million for the quarter, compared to $303.66 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 39.56 percent. For the current quarter, analysts expect MDB to generate $431.01M 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.
