According to The Fly, equity research analysts at Redburn Partners changed their recommendation of Mongodb (NASDAQ: MDB) in a research report delivered to clients and investors on Tuesday. Previously, they had recommended “sell,” but they have now changed it to “neutral.”

There have been several other reports that have covered MDB as a topic of discussion. Canaccord Genuity Group upgraded MongoDB from a “buy” rating to a “strong-buy” rating and raised their price target on the Stock from $300 to $360 in a research report published on Thursday, September 1. The report was made available to the public. In addition, they increased the price target they had set for the stock from $300 to $360. In a research report that was made public on Tuesday, Barclays announced that the brokerage firm’s target price for MongoDB shares has decreased from $360.00 to $300.00. In a research note, Truist Financial announced that it would begin covering MongoDB shares. The note was published on Friday. They suggested investing in the company by purchasing shares of stock and establishing a price target of $300 for the stock. In a research note made available to the public on Thursday, September 1, Piper Sandler decreased their target price on MongoDB shares from $375.00 to $350.00 while maintaining their “overweight” rating. The “buy” rating and $340.00 target price that Stifel Nicolaus had previously assigned to MongoDB were both lowered to $320.00 in a research report published on September 1. There are currently nineteen research analysts who recommend buying the stock, while there is only one research analyst who recommends keeping the stock in one’s portfolio. According to Bloomberg.com, the company is currently rated as having an average “Moderate Buy,” and the consensus price objective for the company is $379.11.
Trading in MDB started on Tuesday with an opening price of 182.35 dollars. The company’s market capitalization is $12.53 billion, the price-to-earnings ratio of the stock is 34.02, and the company has a beta of 1.16. The company’s share price has had a moving average of $292.66 over the past two hundred days, while its share price has had a moving average of $260.76 over the past fifty days. The lowest price for MongoDB that was ever made available was $166.61, and the highest price that was ever made available was $590.00. There is a debt-to-equity ratio of 1.70, a current ratio equal to the current ratio, and a quick ratio equal to the current ratio.

On August 31, a report on MongoDB’s most recent earnings was made public. NASDAQ: MDB. MongoDB is a publicly traded company whose stock is denoted by the NASDAQ: MDB. The company reported earnings per share for the quarter of $1.69, which was significantly lower than the consensus estimate of $1.52, which meant that the company fell short of the mark by $0.17. The revenue for the quarter was $303.66 million, which was substantially higher than the consensus expectation of $282.31 million for the quarter’s revenue. MongoDB’s return on equity was 52.05%, while the company’s profit margin was 33.43%, putting the company in the red for both metrics. The company’s revenue saw a 52.8% increase compared to the previous fiscal year. The previous year, during the same period, the company generated revenue of $1.15 per share. Those who specialize in the financial markets hold the majority opinion that MongoDB will report a loss of 5.37 cents per share for the current fiscal year.

Thomas Bull, an employee of the company with insider trading privileges, sold 502 shares of the company’s stock on Monday, October 3. On the open market, the shares were sold for a total price of $99.817.68, which works out to $198.84 per share when divided by the number of shares sold. The successful transaction completion has resulted in the insider now directly owning 16,602 shares of the company’s stock, which have a combined value of approximately $3,301,141.68. These shares have a total value of $3,301,141.68. If you click on this link, you will be taken to a legal file filed with the SEC, which will provide you with additional details about the transaction. On Monday, October 3, an individual by the name of Thomas Bull sold 502 shares of the company’s stock. This is just one of the latest developments in connection with this topic. A total of $99.817.68 was spent on the purchase of the stock, which works out to a price of $198.84 per share on an average basis. After the completion of the transaction, the company insider now owns 16,602 shares of the company’s stock. Based on the current stock price, these shares have a market value of $3,301,141.68.
Access to the legal file that details the transaction’s disclosure can be gained through the Securities and Exchange Commission’s (SEC) website. This file can be found on the website. In addition, Director Archana Agrawal disposed of 663 shares of MongoDB stock on Monday, August 29. The shares were acquired for a total cost of $229,099.65, which is equivalent to a price of $345.55 per share on an average basis. The director is now the direct owner of 2,080 shares, which have a combined value of $718,744 due to the transaction. The disclosure related to the sale might be found in this website section. Insiders of the company sold 103,275 shares during the most recent fiscal period, bringing in a total of $23,925,529 from the transaction. Company insiders own 5.70 percent of the total number of shares currently outstanding in the company.

During the most recent period, numerous hedge funds and other institutional investors traded MDB stock, buying and selling it multiple times. A further investment of approximately $25,000 was made in MongoDB by the Bank of New Hampshire during the first quarter, bringing the total value of its holdings to approximately $75,000. During the second quarter, John W. Brooker & Co. CPAs contributed approximately $26,000 toward establishing a new position at MongoDB. During the second quarter, Prentice Wealth Management LLC made a new investment in the MongoDB database by spending close to $26,000. During the second quarter, approximately $28,000 was put toward acquiring additional MongoDB ownership shares by Venture Visionary Partners LLC.
Last but not least, during the second quarter of the fiscal year, FNY Investment Advisers LLC made a new investment in MongoDB by spending approximately $41,000. This certainly should not be considered the least important item on this list. The company’s equity comprises shares, most of which institutional investors hold 89.85% of the total shares.

MongoDB, Inc. is a provider of database platforms that can be used for various purposes on a global scale. The MongoDB Community Server is a version of its database that can be downloaded for free and comes equipped with all of the features that programmers require to begin working with MongoDB. MongoDB Enterprise Advanced, a commercial database server designed specifically for business customers, is capable of operating in the cloud, on-premises, or in a hybrid environment. The business can provide customers with all three of these products. MongoDB Atlas is a database-as-a-service solution that is hosted across multiple clouds. The Community Server is a database version that users can download at no cost.

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