Mongodb (NASDAQ:MDB) Stock Price Up 3.8%

Mongodb Inc (NASDAQ:MDB) shares rose 3.8% on Monday . The company traded as high as $170.99 and last traded at $176.36. Approximately 87,004 shares changed hands during trading, a decline of 95% from the average daily volume of 1,635,676 shares. The stock had previously closed at $169.97.

MDB has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Mongodb from a “hold” rating to a “buy” rating and set a $117.00 price objective on the stock in a research report on Friday, March 15th. Needham & Company LLC reiterated a “buy” rating and set a $108.00 price objective (up previously from $91.00) on shares of Mongodb in a research report on Thursday, February 28th. William Blair initiated coverage on shares of Mongodb in a research report on Friday, March 22nd. They set an “outperform” rating on the stock. Nomura set a $63.00 price objective on shares of Mongodb and gave the company a “sell” rating in a research report on Tuesday, February 26th. Finally, Monness Crespi & Hardt boosted their price objective on shares of Mongodb from $110.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $137.00.

The company has a market cap of $9.15 billion, a PE ratio of -96.70 and a beta of 0.20. The company has a debt-to-equity ratio of 0.82, a quick ratio of 3.44 and a current ratio of 3.44.

Mongodb (NASDAQ:MDB) last issued its earnings results on Wednesday, June 5th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.02. The firm had revenue of $89.40 million during the quarter, compared to analyst estimates of $83.50 million. Mongodb had a negative net margin of 39.68% and a negative return on equity of 45.68%. The business’s revenue was up 78.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.43) earnings per share. As a group, analysts anticipate that Mongodb Inc will post -1.99 EPS for the current fiscal year.

In other news, Director Charles M. Hazard, Jr. sold 2,017 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $132.32, for a total transaction of $266,889.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas Bull sold 5,000 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $135.61, for a total transaction of $678,050.00. The disclosure for this sale can be found here. Insiders have sold 225,651 shares of company stock valued at $32,695,389 over the last three months. Insiders own 25.08% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of MDB. Rehmann Capital Advisory Group lifted its stake in Mongodb by 42.9% in the first quarter. Rehmann Capital Advisory Group now owns 526 shares of the company’s stock worth $77,000 after acquiring an additional 158 shares during the period. Slow Capital Inc. lifted its stake in Mongodb by 22.2% in the first quarter. Slow Capital Inc. now owns 11,969 shares of the company’s stock worth $1,760,000 after acquiring an additional 2,174 shares during the period. Kore Private Wealth LLC purchased a new stake in Mongodb in the first quarter worth about $352,000. HighTower Advisors LLC purchased a new stake in Mongodb in the first quarter worth about $523,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in Mongodb in the first quarter worth about $510,000. 65.98% of the stock is owned by hedge funds and other institutional investors.

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Mongodb Company Profile (NASDAQ:MDB)

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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