A number of other brokerages have also commented on MDB. Canaccord Genuity upped their price target on shares of Mongodb from $95.00 to $125.00 and gave the company a buy rating in a research note on Thursday. Citigroup upped their price target on shares of Mongodb from $86.00 to $94.00 and gave the company a neutral rating in a research note on Thursday, December 6th. Needham & Company LLC upped their price target on shares of Mongodb from $85.00 to $91.00 and gave the company a buy rating in a research note on Thursday, December 6th. DA Davidson reiterated a neutral rating on shares of Mongodb in a research note on Thursday. Finally, JMP Securities reiterated a hold rating on shares of Mongodb in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the stock. Mongodb presently has a consensus rating of Buy and an average target price of $107.08.
Mongodb stock opened at $134.23 on Thursday. The stock has a market cap of $7.19 billion, a PE ratio of -77.14 and a beta of 0.01. Mongodb has a fifty-two week low of $32.35 and a fifty-two week high of $134.78. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 1.08.
In other Mongodb news, insider Meagen Eisenberg sold 50,625 shares of the business’s stock in a transaction dated Wednesday, December 19th. The shares were sold at an average price of $88.06, for a total value of $4,458,037.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kevin P. Ryan sold 24,000 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $104.30, for a total transaction of $2,503,200.00. The disclosure for this sale can be found here. Insiders sold a total of 224,607 shares of company stock valued at $20,225,910 in the last three months. Insiders own 40.04% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. American Century Companies Inc. bought a new stake in Mongodb in the 4th quarter valued at about $64,633,000. Geode Capital Management LLC lifted its holdings in shares of Mongodb by 18.2% during the 4th quarter. Geode Capital Management LLC now owns 209,107 shares of the company’s stock worth $17,510,000 after acquiring an additional 32,248 shares during the period. Dimensional Fund Advisors LP bought a new stake in shares of Mongodb during the 4th quarter worth approximately $1,382,000. FMR LLC lifted its holdings in shares of Mongodb by 12.5% during the 4th quarter. FMR LLC now owns 5,275,057 shares of the company’s stock worth $441,732,000 after acquiring an additional 586,841 shares during the period. Finally, grace capital bought a new stake in shares of Mongodb during the 4th quarter worth approximately $595,000. 64.66% of the stock is owned by hedge funds and other institutional investors.
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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