A number of other research analysts have also commented on MDB. Monness Crespi & Hardt lowered Mongodb from a buy rating to a neutral rating in a report on Friday, June 5th. They noted that the move was a valuation call. Piper Sandler upped their price objective on Mongodb from $138.00 to $226.00 and gave the company an overweight rating in a report on Friday, June 5th. Barclays upped their price objective on Mongodb from $130.00 to $275.00 and gave the company an overweight rating in a report on Tuesday, June 2nd. They noted that the move was a valuation call. Needham & Company LLC upped their price objective on Mongodb from $170.00 to $253.00 and gave the company a buy rating in a report on Tuesday, June 2nd. Finally, Morgan Stanley increased their target price on Mongodb from $203.00 to $205.00 and gave the stock an equal weight rating in a report on Thursday, June 11th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Buy and a consensus price target of $206.87.
MDB opened at $226.34 on Tuesday. Mongodb has a 1-year low of $93.81 and a 1-year high of $243.92. The stock’s fifty day simple moving average is $210.11 and its 200 day simple moving average is $162.23. The company has a current ratio of 4.57, a quick ratio of 4.57 and a debt-to-equity ratio of 15.11. The stock has a market cap of $12.81 billion, a PE ratio of -65.42 and a beta of 0.77.
In other news, CEO Dev Ittycheria sold 23,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $235.00, for a total transaction of $5,405,000.00. Following the completion of the transaction, the chief executive officer now directly owns 264,167 shares in the company, valued at $62,079,245. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael Lawrence Gordon sold 3,520 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $120.35, for a total value of $423,632.00. Following the sale, the chief financial officer now directly owns 118,777 shares of the company’s stock, valued at approximately $14,294,811.95. The disclosure for this sale can be found here. Insiders sold 86,230 shares of company stock valued at $17,432,098 over the last quarter. Corporate insiders own 16.28% of the company’s stock.
Several large investors have recently made changes to their positions in MDB. Morgan Stanley boosted its position in shares of Mongodb by 31.7% during the first quarter. Morgan Stanley now owns 5,302,766 shares of the company’s stock valued at $724,040,000 after buying an additional 1,276,429 shares during the last quarter. William Blair Investment Management LLC bought a new stake in shares of Mongodb in the first quarter valued at $78,005,000. Frontier Capital Management Co. LLC raised its stake in shares of Mongodb by 3,889.3% in the first quarter. Frontier Capital Management Co. LLC now owns 467,383 shares of the company’s stock valued at $63,816,000 after buying an additional 455,667 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Mongodb during the 4th quarter valued at $56,852,000. Finally, Norges Bank purchased a new position in Mongodb during the fourth quarter worth about $47,882,000. 85.60% of the stock is currently owned by institutional investors.
Mongodb Company Profile
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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