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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) Director Dwight A. Merriman sold 606 shares of the company’s stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $382.41, for a total transaction of $231,740.46. Following the completion of the transaction, the director now owns 1,214,159 shares of the company’s stock, valued at $464,306,543.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
MongoDB Trading Up 4.1 %
Shares of MDB opened at $407.21 on Friday. MongoDB, Inc. has a twelve month low of $135.15 and a twelve month high of $418.70. The company has a market cap of $28.74 billion, a P/E ratio of -87.20 and a beta of 1.13. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 1.44. The company’s fifty day simple moving average is $343.34 and its 200-day simple moving average is $258.04.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings results on Thursday, June 1st. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.18 by $0.38. The company had revenue of $368.28 million for the quarter, compared to the consensus estimate of $347.77 million. MongoDB had a negative net margin of 23.58% and a negative return on equity of 43.25%. The firm’s revenue was up 29.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.15) EPS. As a group, analysts expect that MongoDB, Inc. will post -2.8 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD increased its stake in MongoDB by 13.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,593,996 shares of the company’s stock worth $1,770,313,000 after buying an additional 897,911 shares during the period. Vanguard Group Inc. grew its holdings in MongoDB by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 5,970,224 shares of the company’s stock worth $2,648,332,000 after acquiring an additional 121,201 shares in the last quarter. Franklin Resources Inc. grew its holdings in MongoDB by 6.4% during the 4th quarter. Franklin Resources Inc. now owns 1,962,574 shares of the company’s stock worth $386,313,000 after acquiring an additional 118,055 shares in the last quarter. State Street Corp grew its holdings in MongoDB by 1.8% during the 1st quarter. State Street Corp now owns 1,386,773 shares of the company’s stock worth $323,280,000 after acquiring an additional 24,595 shares in the last quarter. Finally, 1832 Asset Management L.P. grew its holdings in MongoDB by 3,283,771.0% during the 4th quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock worth $200,383,000 after acquiring an additional 1,017,969 shares in the last quarter. Hedge funds and other institutional investors own 89.22% of the company’s stock.
Analyst Upgrades and Downgrades
MDB has been the subject of a number of research reports. Barclays upped their target price on shares of MongoDB from $374.00 to $421.00 in a research report on Monday, June 26th. Tigress Financial upped their target price on shares of MongoDB from $365.00 to $490.00 in a research report on Wednesday, June 28th. JMP Securities upped their target price on shares of MongoDB from $245.00 to $370.00 in a research report on Friday, June 2nd. Citigroup upped their target price on shares of MongoDB from $363.00 to $430.00 in a research report on Friday, June 2nd. Finally, VNET Group restated a “maintains” rating on shares of MongoDB in a research report on Monday, June 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $366.59.
About MongoDB
MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.
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