In yesterday’s Wall Street session, MongoDB Inc (NASDAQ:MDB) shares traded at $236.06, down -23.85% from the previous session.
MDB stock price is now -33.68% away from the 50-day moving average and -37.91% away from the 200-day moving average. The market capitalization of the company currently stands at $17.32B.
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With the price target of $415, Loop Capital recently initiated with Buy rating for MongoDB Inc (NASDAQ: MDB). On March 19, 2024, Redburn Atlantic Downgraded its previous ‘Neutral’ rating to ‘Sell’ on the stock reducing its target price from $410 to quote $295, while ‘DA Davidson’ rates the stock as ‘Buy’
In other news, MERRIMAN DWIGHT A, Director sold 6,000 shares of the company’s stock on May 03 ’24. The stock was sold for $2,249,706 at an average price of $374.95. Upon completion of the transaction, the Director now directly owns 1,148,784 shares in the company, valued at $271.18 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 01 ’24, Director MERRIMAN DWIGHT A sold 1,000 shares of the business’s stock. A total of $379,150 was realized by selling the stock at an average price of $379.15. This leaves the insider owning 522,896 shares of the company worth $123.43 million. A total of 3.55% of the company’s stock is owned by insiders.
During the past 12 months, MongoDB Inc has had a low of $275.76 and a high of $509.62. As of last week, the company has a debt-to-equity ratio of 0.96, a current ratio of 4.76, and a quick ratio of 4.76. The fifty day moving average price for MDB is $353.4614 and a two-hundred day moving average price translates $379.55923 for the stock.
The latest earnings results from MongoDB Inc (NASDAQ: MDB) was released for 2024-01-31. The net profit margin was -11.50% and return on equity was -19.69% for MDB. The company reported revenue of $458.0 million for the quarter, compared to $361.31 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 26.76 percent.
