Shares of Mongodb Inc (NASDAQ:MDB) have received a consensus rating of “Buy” from the sixteen research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $157.25.

Several research firms recently commented on MDB. DA Davidson began coverage on shares of Nomad Foods in a research note on Wednesday, June 19th. They set a “buy” rating and a $26.00 target price for the company. Zacks Investment Research cut shares of HEXO from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. Nomura set a $76.00 target price on shares of Mongodb and gave the company a “sell” rating in a research note on Wednesday, June 19th. Needham & Company LLC reiterated a “buy” rating and set a $159.00 target price (up from $130.00) on shares of Mongodb in a research note on Tuesday, June 4th. Finally, Citigroup set a $27.00 target price on shares of StoneCo and gave the company a “hold” rating in a research note on Friday, May 31st.

In other Mongodb news, Director Kevin P. Ryan sold 24,000 shares of the business’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $126.55, for a total value of $3,037,200.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CRO Cedric Pech sold 29,809 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $180.86, for a total transaction of $5,391,255.74. The disclosure for this sale can be found here. Insiders sold a total of 279,605 shares of company stock worth $42,005,609 in the last three months. Insiders own 40.04% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Valeo Financial Advisors LLC grew its holdings in shares of Mongodb by 29.5% in the 2nd quarter. Valeo Financial Advisors LLC now owns 404 shares of the company’s stock worth $61,000 after purchasing an additional 92 shares during the last quarter. Cetera Advisor Networks LLC grew its holdings in shares of Mongodb by 3.3% in the 1st quarter. Cetera Advisor Networks LLC now owns 3,250 shares of the company’s stock worth $479,000 after purchasing an additional 104 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Mongodb by 4.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 3,215 shares of the company’s stock worth $269,000 after purchasing an additional 124 shares during the last quarter. Rehmann Capital Advisory Group grew its holdings in shares of Mongodb by 42.9% in the 1st quarter. Rehmann Capital Advisory Group now owns 526 shares of the company’s stock worth $77,000 after purchasing an additional 158 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of Mongodb by 30.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 728 shares of the company’s stock worth $107,000 after purchasing an additional 170 shares during the last quarter. 65.55% of the stock is currently owned by institutional investors and hedge funds.

Shares of Mongodb stock traded down $4.94 on Friday, reaching $153.10. The stock had a trading volume of 1,302,799 shares, compared to its average volume of 1,503,901. The business has a 50-day moving average price of $155.24. The company has a current ratio of 3.18, a quick ratio of 3.18 and a debt-to-equity ratio of 0.93. Mongodb has a fifty-two week low of $53.20 and a fifty-two week high of $184.78. The company has a market capitalization of $8.74 billion, a PE ratio of -89.01 and a beta of 0.16.

Mongodb (NASDAQ:MDB) last issued its quarterly earnings data on Wednesday, June 5th. The company reported ($0.22) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.24) by $0.02. Mongodb had a negative net margin of 39.68% and a negative return on equity of 44.47%. The business had revenue of $89.40 million during the quarter, compared to analysts’ expectations of $83.50 million. During the same period in the previous year, the company earned ($0.43) earnings per share. Mongodb’s revenue for the quarter was up 78.3% on a year-over-year basis. On average, sell-side analysts forecast that Mongodb will post -2.07 earnings per share for the current year.

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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Analyst Recommendations for Mongodb (NASDAQ:MDB)

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