MongoDB Inc (NASDAQ: MDB) is 8.46% higher on its value in year-to-date trading and has touched a low of $189.59 and a high of $509.62 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MDB stock was last observed hovering at around $449.95 in the last trading session, with the day’s loss setting it -6.5%.
Currently trading at $443.45, the stock is -1.84% and 5.35% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.9 million and changing -1.44% at the moment leaves the stock 16.37% off its SMA200. MDB registered 114.36% gain for a year compared to 6-month gain of 25.16%. The firm has a 50-day simple moving average (SMA 50) of $19.71 and a 200-day simple moving average (SMA200) of -$235.08.
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The stock witnessed a 5.54% loss in the last 1 month and extending the period to 3 months gives it a 10.34%, and is 3.73% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.55% over the week and 4.00% over the month.
MongoDB Inc (MDB) has around 4619 employees, a market worth around $32.01B and $1.59B in sales. Fwd P/E is 135.71. Profit margin for the company is -11.70%. Distance from 52-week low is 133.90% and -12.98% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.50%).
MongoDB Inc quarterly earnings per share for the current quarter are estimated at $0.47 with sales reaching $433.73M over the same period.The EPS is expected to grow by 258.04% this year, but quarterly earnings will post 29.30% year-over-year. Quarterly sales are estimated to grow 20.00% in year-over-year returns.
1,058 institutions hold shares in MongoDB Inc (MDB), with institutional investors hold 96.45% of the company’s shares. The shares outstanding are 69.91M, and float is at 69.51M with Short Float at 4.76%. Institutions hold 93.18% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 6.63 million shares valued at $2.73 billion. The investor’s holdings represent 9.30% of the MDB Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 5.59 million shares valued at $2.3 billion to account for 7.84% of the shares outstanding. The other top investors are FMR, LLC which holds 5.35 million shares representing 7.50% and valued at over $2.2 billion, while Price (T.Rowe) Associates Inc holds 7.06% of the shares totaling 5.03 million with a market value of $2.07 billion.
MongoDB Inc (MDB) Insider Activity
A total of 93 insider transactions have happened at MongoDB Inc (MDB) in the last six months, with sales accounting for 84 and purchases happening 9 times. The most recent transaction is an insider sale by Gordon Michael Lawrence, the company’s COO and CFO. SEC filings show that Gordon Michael Lawrence sold 10,000 shares of the company’s common stock on Feb 09 at a price of $486.04 per share for a total of $4.86 million. Following the sale, the insider now owns 70985.0 shares.
MongoDB Inc disclosed in a document filed with the SEC on Feb 08 that Gordon Michael Lawrence (COO and CFO) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Feb 08 and was made at $469.84 per share for $4.7 million. Following the transaction, the insider now directly holds 70985.0 shares of the MDB stock.
Still, SEC filings show that on Feb 08, MERRIMAN DWIGHT A (Director) disposed off 2,000 shares at an average price of $465.37 for $0.93 million. The insider now directly holds 1,166,784 shares of MongoDB Inc (MDB).
MongoDB Inc (MDB): Who are the competitors?
One of the company’s main competitors (and peers) include Progress Software Corp. (PRGS) that is trading -8.47% down over the past 12 months.Pixelworks Inc. (PXLW) lies in the list of competitors of the MongoDB Inc and is 62.26% higher over the same period from MDBPASSUR Aerospace Inc. (PSSR) is -90.91% down on the 1-year trading charts.
