MongoDB Inc. (NASDAQ:MDB)’s traded shares stood at 1.43 million during the last session, with the company’s beta value hitting 1.06. At the close of trading, the stock’s price was $221.25, to imply an increase of 4.30% or $9.12 in intraday trading. The MDB share’s 52-week high remains $471.96, putting it -113.32% down since that peak but still an impressive 38.92% since price per share fell to its 52-week low of $135.15. The company has a valuation of $16.55B, with an average of 3.07 million shares in intraday trading volume over the past 10 days and average of 1.74 million shares over the past 3 months.
Analysts have given a consensus recommendation of an Overweight for MongoDB Inc. (MDB), translating to a mean rating of 1.90. Of 27 analyst(s) looking at the stock, 0 analyst(s) give MDB a Sell rating. 4 of those analysts rate the stock as Overweight while 6 advise Hold as 17 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.07.
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MongoDB Inc. (NASDAQ:MDB) trade information
After registering a 4.30% upside in the last session, MongoDB Inc. (MDB) has traded red over the past five days. The stock hit a weekly high of 221.80 this Thursday, 03/16/23, jumping 4.30% in its intraday price action. The 5-day price performance for the stock is 5.57%, and -3.30% over 30 days. With these gigs, the year-to-date price performance is 12.40%. Short interest in MongoDB Inc. (NASDAQ:MDB) saw shorts transact 4.5 million shares and set a 2.89 days time to cover.
Analysts on Wall Street suggest a consensus price target of $244.22, implying an increase of 9.41% to the stock’s current value. The extremes give us $180.00 and $290.00 for target low and target high price respectively. As such, MDB has been trading -31.07% off suggested target high and 18.64% from its likely low.
MongoDB Inc. (MDB) estimates and forecasts
Looking at statistics comparing MongoDB Inc. share performance against respective industry, we note that the company has outperformed competitors. MongoDB Inc. (MDB) shares are -10.50% down over the last 6 months, with its year-to-date growth rate higher than industry average at 27.16% against 16.70%. Revenue is forecast to grow 177.80% this quarter before falling -35.00% for the next one. The rating firms project that company’s revenue will grow 45.50% compared to the previous financial year.
Revenue forecast for the current quarter as set by 20 analysts is $337.45 million. Meanwhile, for the quarter ending Apr 2023, a total of 19 analyst(s) estimate revenue growth to $352.99 million.Earnings reports from the last fiscal year show that sales brought in $266.49 million and $285.45 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 26.60% before jumping 23.70% in the following quarter.
MongoDB Inc. has its next earnings report out between May 30 and June 05. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. MongoDB Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
MongoDB Inc. (NASDAQ:MDB)’s Major holders
MongoDB Inc. insiders hold 3.47% of total outstanding shares, with institutional holders owning 88.56% of the shares at 91.75% float percentage. In total, 88.56% institutions holds shares in the company, led by Price (T.Rowe) Associates Inc. As of Sep 29, 2022, the company held over 6.84 million shares (or 9.87% of shares), all amounting to roughly $1.36 billion.
The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 6.13 million shares, or about 8.84% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $1.22 billion.
We also have Growth Fund Of America Inc and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the MongoDB Inc. (MDB) shares. Going by data provided on Dec 30, 2022, Growth Fund Of America Inc holds roughly 2.11 million shares. This is just over 3.05% of the total shares, with a market valuation of $415.61 million. Data from the same date shows that the other fund manager holds a little less at 1.93 million, or 2.79% of the shares, all valued at about 383.72 million.