Mongodb Inc (MDB) Receives $50.20 Consensus PT from Analysts
Mongodb Inc (NASDAQ:MDB) has been assigned an average rating of “Buy” from the fifteen research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $51.70.
Several research analysts recently weighed in on the company. ValuEngine upgraded Mongodb from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Needham & Company LLC increased their price objective on Mongodb from $43.00 to $52.00 and gave the stock a “buy” rating in a research report on Monday, June 4th. Barclays increased their price objective on Mongodb from $47.00 to $57.00 and gave the stock an “overweight” rating in a research report on Thursday, June 7th. KeyCorp assumed coverage on Mongodb in a research report on Monday, May 14th. They issued an “overweight” rating and a $50.00 price objective for the company. Finally, Nomura increased their price objective on Mongodb and gave the stock a “neutral” rating in a research report on Tuesday, June 5th.
Mongodb stock traded up $0.68 during mid-day trading on Wednesday, hitting $64.75. The company’s stock had a trading volume of 433,148 shares, compared to its average volume of 708,296. The firm has a market capitalization of $3.19 billion and a price-to-earnings ratio of -37.21. Mongodb has a 1 year low of $24.62 and a 1 year high of $65.94.
In related news, Director Kevin P. Ryan sold 24,000 shares of Mongodb stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $64.01, for a total value of $1,536,240.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Meagen Eisenberg sold 82,500 shares of Mongodb stock in a transaction on Monday, June 18th. The shares were sold at an average price of $58.72, for a total value of $4,844,400.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 187,889 shares of company stock valued at $10,872,828. Company insiders own 40.04% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. boosted its holdings in Mongodb by 36.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,050 shares of the company’s stock valued at $201,000 after purchasing an additional 1,075 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in Mongodb by 52.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 7,623 shares of the company’s stock valued at $379,000 after purchasing an additional 2,623 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in Mongodb by 409.4% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 3,301 shares of the company’s stock valued at $164,000 after purchasing an additional 2,653 shares during the period. Regis Management CO LLC purchased a new position in Mongodb in the second quarter valued at $148,000. Finally, Brighton Jones LLC boosted its holdings in Mongodb by 43.3% in the first quarter. Brighton Jones LLC now owns 10,313 shares of the company’s stock valued at $448,000 after purchasing an additional 3,116 shares during the period. Hedge funds and other institutional investors own 21.86% of the company’s stock.
MongoDB, Inc engages in the development and provision of a general purpose database platform. Its products include MongoDB Enterprise Advanced, MongoDB Professional, Development Support, Ops and Cloud Manager. The company was founded by Eliot Horowitz, Dwight A. Merriman, Kevin P. Ryan and Geir Magnusson Jr.
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