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MongoDB reported a 21.8% rise in Q2 revenue, despite shares being sold by institutional investors.
MongoDB, Inc. (MDB) saw its shares trimmed by institutional investors, but reported a 21.8% increase in Q2 revenue, with earnings of $1.00 per share, surpassing analysts' estimates by $0.35.
Despite insiders selling shares, MongoDB has a strong buy rating and a target price of $282.47.
The company's market cap stands at $17.15 billion, with a P/E ratio of -184.14 and a beta of 1.40.
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MongoDB reportó un aumento del 21,8% en los ingresos del segundo trimestre, a pesar de que las acciones fueron vendidas por inversores institucionales.