MongoDB (MDB) Getting Somewhat Favorable Media Coverage, Study Shows

Media stories about MongoDB (NASDAQ:MDB) have trended somewhat positive recently, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MongoDB earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave headlines about the company an impact score of 44.3113926280756 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

Several research firms have recently commented on MDB. Needham & Company LLC raised shares of MongoDB from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Wednesday, February 14th. They noted that the move was a valuation call. Morgan Stanley reissued an “equal weight” rating and set a $35.00 price target (up from $32.00) on shares of MongoDB in a research note on Wednesday, March 14th. Stifel Nicolaus increased their price target on shares of MongoDB from $34.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, March 14th. Canaccord Genuity reissued a “buy” rating and set a $45.00 price target (up from $35.00) on shares of MongoDB in a research note on Wednesday, March 14th. Finally, ValuEngine raised shares of MongoDB from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $40.09.

Shares of MongoDB opened at $42.14 on Thursday, reports. MongoDB has a 52-week low of $41.36 and a 52-week high of $42.29.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Tuesday, March 13th. The company reported ($0.40) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.03. The business had revenue of $45.00 million during the quarter, compared to the consensus estimate of $42.60 million. The firm’s revenue was up 50.5% compared to the same quarter last year. equities analysts forecast that MongoDB will post -1.63 EPS for the current year.

In other news, major shareholder Whale Rock Capital Management bought 1,214,850 shares of the business’s stock in a transaction on Tuesday, May 8th. The shares were bought at an average cost of $40.23 per share, for a total transaction of $48,873,415.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

MongoDB Company Profile

MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

Insider Buying and Selling by Quarter for MongoDB (NASDAQ:MDB)

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