Mongodb Inc (NASDAQ:MDB) shares were up 6.4% during trading on Wednesday . The company traded as high as $149.51 and last traded at $148.08, approximately 1,051,586 shares changed hands during mid-day trading. A decline of 28% from the average daily volume of 1,450,725 shares. The stock had previously closed at $139.19.

A number of research analysts have recently commented on MDB shares. Citigroup set a $155.00 target price on Mongodb and gave the company a “hold” rating in a research note on Friday, May 31st. Monness Crespi & Hardt restated a “buy” rating and issued a $185.00 target price (up previously from $150.00) on shares of Mongodb in a research note on Thursday, June 6th. Nomura set a $76.00 target price on Mongodb and gave the company a “sell” rating in a research note on Wednesday, June 19th. Canaccord Genuity raised their target price on Mongodb from $160.00 to $185.00 and gave the company a “buy” rating in a research note on Wednesday, June 19th. Finally, Stifel Nicolaus raised their target price on Mongodb from $155.00 to $180.00 and gave the company a “positive” rating in a research note on Wednesday, June 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $154.21.

The company has a 50-day moving average price of $150.71 and a 200 day moving average price of $137.57. The firm has a market capitalization of $8.12 billion, a PE ratio of -86.09 and a beta of 0.14. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.18 and a quick ratio of 3.18.

Mongodb (NASDAQ:MDB) last announced its quarterly earnings data on Wednesday, June 5th. The company reported ($0.22) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.02. Mongodb had a negative return on equity of 44.47% and a negative net margin of 39.68%. The business had revenue of $89.40 million for the quarter, compared to the consensus estimate of $83.50 million. During the same period in the previous year, the business earned ($0.43) earnings per share. The business’s revenue was up 78.3% on a year-over-year basis. As a group, research analysts anticipate that Mongodb Inc will post -2.07 earnings per share for the current year.

In other news, Director Charles M. Hazard, Jr. sold 2,017 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $148.24, for a total transaction of $299,000.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Michael Lawrence Gordon sold 3,240 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $145.62, for a total value of $471,808.80. The disclosure for this sale can be found here. Insiders sold 227,088 shares of company stock worth $35,102,249 over the last quarter. 25.08% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. Valeo Financial Advisors LLC grew its stake in Mongodb by 29.5% in the second quarter. Valeo Financial Advisors LLC now owns 404 shares of the company’s stock worth $61,000 after purchasing an additional 92 shares in the last quarter. Lindbrook Capital LLC grew its stake in Mongodb by 50.0% in the second quarter. Lindbrook Capital LLC now owns 300 shares of the company’s stock worth $45,000 after purchasing an additional 100 shares in the last quarter. Captrust Financial Advisors grew its stake in Mongodb by 100.0% in the second quarter. Captrust Financial Advisors now owns 200 shares of the company’s stock worth $30,000 after purchasing an additional 100 shares in the last quarter. Cetera Advisor Networks LLC grew its stake in Mongodb by 3.3% in the first quarter. Cetera Advisor Networks LLC now owns 3,250 shares of the company’s stock worth $479,000 after purchasing an additional 104 shares in the last quarter. Finally, Rehmann Capital Advisory Group grew its stake in Mongodb by 42.9% in the first quarter. Rehmann Capital Advisory Group now owns 526 shares of the company’s stock worth $77,000 after purchasing an additional 158 shares in the last quarter. 69.51% of the stock is currently owned by institutional investors.

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.

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