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Wednesday, December 6, 2023

The Street Is Finally Waking Up To MongoDB Inc (NASDAQ: MDB)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for MongoDB Inc (MDB) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.21, or 0.06%, to $378.18. The MongoDB Inc has recorded 32,059 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed MongoDB, Inc. Announces Date of Third Quarter Fiscal 2024 Earnings Call.

Stocks Info

MongoDB Inc is listed on the NASDAQ as a member of the Technology sector and is a part of the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $377.97 and fluctuated between $387.94 as its day high and $374.50 as its day low. The current market capitalization of MongoDB Inc is $26.96B. A total of 1.14 million shares were traded on the day, compared to an average of 1.23M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, MDB has seen 6 BUY and 45 SELL insider trades, representing the acquisition of 147,950 and the disposition of 183,468 shares. Over the last 12 months, there were 50 BUYs and 167 SELLs from insiders. Insiders purchased 607,782 shares during that period but sold 728,588.

In the most recent transaction, Ittycheria Dev sold 100,500 shares of MDB for 375.00 per share on Nov 07. After the transaction, the President & CEO now owns 214,177 company shares. In a previous transaction on Nov 07, MERRIMAN DWIGHT A sold 2,000 shares at 365.30 per share. MDB shares that Director owns now total 1,189,159.

Among the insiders who sold shares, MERRIMAN DWIGHT A disposed of 4,000 shares on Nov 03 at a per-share price of $332.23. This resulted in the Director holding 1,191,159 shares of MDB after the transaction. In another insider transaction, Ittycheria Dev sold 33,500 shares at $337.84 per share on Nov 01. Company shares held by the President & CEO now total 214,177.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for MDB in the last 3 months, the mean price target is $428.58 with high estimates of $500.00 and low estimates of $250.00. In terms of 52-week highs and lows, MDB has a high of $439.00 and a low of $137.70.

As of this writing, MDB has an earnings estimate of $0.51 per share for the current quarter. EPS was calculated based on a consensus of 23 estimates, with a high estimate of $0.73 per share and a lower estimate of $0.47. The company reported an EPS of $0.56 in the last quarter, which was 194.70% higher than expectations of $0.19.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. MDB’s latest balance sheet shows that the firm has $1.83B in Cash & Short Term Investments as of fiscal 2022. There were $1.18B in debt and $526.74M in liabilities at the time. Its Book Value Per Share was $12.41, while its Total Shareholder’s Equity was $666.70M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MDB is Buy with a score of 4.56.

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