MongoDB (NASDAQ:MDB) Reaches New 1-Year High at $454.59

Shares of MongoDB, Inc. (NASDAQ:MDBGet Free Report) reached a new 52-week high on Monday . The company traded as high as $454.59 and last traded at $437.23, with a volume of 734687 shares trading hands. The stock had previously closed at $436.01.

Analyst Ratings Changes

MDB has been the subject of a number of research analyst reports. Piper Sandler raised their price target on MongoDB from $425.00 to $500.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 6th. JMP Securities reiterated a “market outperform” rating and issued a $440.00 target price on shares of MongoDB in a research note on Monday, January 22nd. Mizuho increased their price target on shares of MongoDB from $330.00 to $420.00 and gave the company a “neutral” rating in a research report on Wednesday, December 6th. Needham & Company LLC restated a “buy” rating and issued a $495.00 target price on shares of MongoDB in a research note on Wednesday, January 17th. Finally, Bank of America assumed coverage on MongoDB in a research note on Thursday, October 12th. They set a “buy” rating and a $450.00 target price on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $429.50.

Read Our Latest Stock Analysis on MDB

MongoDB Price Performance

The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.18. The firm’s 50 day moving average price is $403.38 and its two-hundred day moving average price is $380.92.

MongoDB (NASDAQ:MDBGet Free Report) last announced its quarterly earnings results on Tuesday, December 5th. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.51 by $0.45. The business had revenue of $432.94 million for the quarter, compared to analyst estimates of $406.33 million. MongoDB had a negative return on equity of 20.64% and a negative net margin of 11.70%. The company’s quarterly revenue was up 29.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($1.23) EPS. As a group, equities analysts forecast that MongoDB, Inc. will post -1.63 earnings per share for the current fiscal year.

Insider Transactions at MongoDB

In other news, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $420.00, for a total transaction of $420,000.00. Following the sale, the director now owns 528,896 shares of the company’s stock, valued at $222,136,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $365.30, for a total transaction of $730,600.00. Following the completion of the transaction, the director now owns 1,189,159 shares in the company, valued at $434,399,782.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $420.00, for a total value of $420,000.00. Following the completion of the sale, the director now owns 528,896 shares in the company, valued at $222,136,320. The disclosure for this sale can be found here. Insiders sold a total of 144,277 shares of company stock worth $55,549,581 over the last ninety days. Company insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On MongoDB

Hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James & Associates boosted its stake in MongoDB by 32.0% in the first quarter. Raymond James & Associates now owns 4,922 shares of the company’s stock valued at $2,183,000 after acquiring an additional 1,192 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in MongoDB by 19.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,282 shares of the company’s stock worth $569,000 after buying an additional 206 shares during the last quarter. MetLife Investment Management LLC acquired a new position in MongoDB during the first quarter worth approximately $1,823,000. Panagora Asset Management Inc. lifted its stake in MongoDB by 9.8% in the first quarter. Panagora Asset Management Inc. now owns 1,977 shares of the company’s stock valued at $877,000 after buying an additional 176 shares during the last quarter. Finally, Vontobel Holding Ltd. boosted its holdings in shares of MongoDB by 100.3% in the first quarter. Vontobel Holding Ltd. now owns 2,873 shares of the company’s stock valued at $1,236,000 after acquiring an additional 1,439 shares during the period. Institutional investors and hedge funds own 88.89% of the company’s stock.

About MongoDB

(Get Free Report)

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.

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