Mongodb (MDB) Stock Price Up 5.6%
Shares of Mongodb Inc (NASDAQ:MDB) rose 5.6% on Wednesday . The stock traded as high as $75.48 and last traded at $73.95. Approximately 937,220 shares traded hands during mid-day trading, an increase of 15% from the average daily volume of 817,869 shares. The stock had previously closed at $70.06.
MDB has been the topic of several research reports. Barclays upped their target price on Mongodb from $57.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, August 15th. Morgan Stanley upped their target price on Mongodb from $41.00 to $66.00 and gave the company an “equal weight” rating in a report on Thursday, August 30th. Needham & Company LLC upped their target price on Mongodb from $57.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, September 4th. Stifel Nicolaus upped their target price on Mongodb from $53.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, September 6th. Finally, KeyCorp reissued an “overweight” rating and issued a $88.00 target price (up previously from $62.00) on shares of Mongodb in a report on Thursday, September 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $77.92.
The company has a debt-to-equity ratio of 1.01, a current ratio of 3.74 and a quick ratio of 3.74. The company has a market cap of $3.82 billion and a P/E ratio of -42.50.
In related news, CFO Michael Lawrence Gordon sold 100,000 shares of the stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $83.77, for a total transaction of $8,377,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kevin P. Ryan sold 24,000 shares of the stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $76.78, for a total value of $1,842,720.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 336,283 shares of company stock worth $26,869,879. Corporate insiders own 40.04% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG lifted its position in Mongodb by 267.4% during the first quarter. UBS Group AG now owns 5,052 shares of the company’s stock worth $219,000 after buying an additional 3,677 shares during the period. OppenheimerFunds Inc. lifted its position in Mongodb by 144.7% during the second quarter. OppenheimerFunds Inc. now owns 411,490 shares of the company’s stock worth $20,423,000 after buying an additional 243,350 shares during the period. Whale Rock Capital Management LLC lifted its position in Mongodb by 587.8% during the second quarter. Whale Rock Capital Management LLC now owns 3,830,271 shares of the company’s stock worth $190,096,000 after buying an additional 3,273,409 shares during the period. Northern Trust Corp lifted its position in Mongodb by 26.0% during the first quarter. Northern Trust Corp now owns 19,672 shares of the company’s stock worth $854,000 after buying an additional 4,060 shares during the period. Finally, Macquarie Group Ltd. purchased a new position in Mongodb during the second quarter worth about $1,951,000. Hedge funds and other institutional investors own 48.69% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This news story was originally posted by Daily Political and is the sole property of of Daily Political. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this news story can be accessed at https://www.dailypolitical.com/2018/11/21/mongodb-mdb-stock-price-up-5-6.html.
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.
Featured Article: How can you know how many shares are floating?
Receive News & Ratings for Mongodb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mongodb and related companies with MarketBeat.com's FREE daily email newsletter.