MongoDB, Inc. (NASDAQ:MDB – Get Free Report) Director Hope F. Cochran sold 2,174 shares of MongoDB stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $361.31, for a total value of $785,487.94. Following the completion of the sale, the director now directly owns 9,722 shares in the company, valued at approximately $3,512,655.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
MongoDB Price Performance
Shares of NASDAQ:MDB traded down $0.93 during trading on Tuesday, hitting $355.61. 600,602 shares of the company were exchanged, compared to its average volume of 1,671,717. MongoDB, Inc. has a 1-year low of $135.15 and a 1-year high of $439.00. The company has a market capitalization of $25.37 billion, a P/E ratio of -102.38 and a beta of 1.11. The company has a quick ratio of 4.48, a current ratio of 4.48 and a debt-to-equity ratio of 1.29. The business’s 50 day moving average is $385.06 and its 200-day moving average is $317.99.
Analysts Set New Price Targets
Several research analysts have weighed in on the company. Guggenheim boosted their price target on MongoDB from $220.00 to $250.00 and gave the stock a “sell” rating in a research report on Friday, September 1st. UBS Group lifted their target price on MongoDB from $425.00 to $465.00 and gave the stock a “buy” rating in a research note on Friday, September 1st. Macquarie increased their price target on shares of MongoDB from $434.00 to $456.00 in a report on Friday, September 1st. Morgan Stanley upped their price objective on MongoDB from $440.00 to $480.00 and gave the company an “overweight” rating in a report on Friday, September 1st. Finally, Oppenheimer raised their target price on shares of MongoDB from $430.00 to $480.00 and gave the stock an “outperform” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $418.08.
Hedge Funds Weigh In On MongoDB
A number of institutional investors and hedge funds have recently bought and sold shares of MDB. Raymond James & Associates grew its holdings in MongoDB by 32.0% during the 1st quarter. Raymond James & Associates now owns 4,922 shares of the company’s stock worth $2,183,000 after acquiring an additional 1,192 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of MongoDB by 19.1% during the first quarter. PNC Financial Services Group Inc. now owns 1,282 shares of the company’s stock worth $569,000 after purchasing an additional 206 shares during the period. MetLife Investment Management LLC bought a new stake in shares of MongoDB in the first quarter worth $1,823,000. Panagora Asset Management Inc. increased its holdings 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 purchasing an additional 176 shares during the period. Finally, Vontobel Holding Ltd. raised its position in MongoDB by 100.3% during the 1st quarter. Vontobel Holding Ltd. now owns 2,873 shares of the company’s stock worth $1,236,000 after purchasing an additional 1,439 shares during the last quarter. Institutional investors and hedge funds own 88.89% of the company’s stock.
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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