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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) Director Dwight A. Merriman sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $389.50, for a total transaction of $2,337,000.00. Following the completion of the transaction, the director now owns 1,201,159 shares in the company, valued at $467,851,430.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
MongoDB Stock Performance
NASDAQ:MDB opened at $377.54 on Friday. MongoDB, Inc. has a twelve month low of $135.15 and a twelve month high of $439.00. The company has a current ratio of 4.48, a quick ratio of 4.19 and a debt-to-equity ratio of 1.29. The company has a 50-day moving average of $389.53 and a 200-day moving average of $308.62. The firm has a market cap of $26.65 billion, a price-to-earnings ratio of -109.12 and a beta of 1.11.
Institutional Trading of MongoDB
Institutional investors have recently made changes to their positions in the stock. Simplicity Solutions LLC raised its position in MongoDB by 2.2% during the second quarter. Simplicity Solutions LLC now owns 1,169 shares of the company’s stock valued at $480,000 after acquiring an additional 25 shares in the last quarter. AJ Wealth Strategies LLC increased its position in MongoDB by 1.2% during the second quarter. AJ Wealth Strategies LLC now owns 2,390 shares of the company’s stock worth $982,000 after acquiring an additional 28 shares during the period. Assenagon Asset Management S.A. increased its position in MongoDB by 1.4% during the second quarter. Assenagon Asset Management S.A. now owns 2,239 shares of the company’s stock worth $920,000 after acquiring an additional 32 shares during the period. Veritable L.P. boosted its stake in MongoDB by 1.4% during the second quarter. Veritable L.P. now owns 2,321 shares of the company’s stock worth $954,000 after buying an additional 33 shares in the last quarter. Finally, Choreo LLC boosted its stake in MongoDB by 3.5% during the second quarter. Choreo LLC now owns 1,040 shares of the company’s stock worth $427,000 after buying an additional 35 shares in the last quarter. 88.89% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on MDB. Needham & Company LLC increased their target price on shares of MongoDB from $430.00 to $445.00 and gave the stock a “buy” rating in a report on Friday, September 1st. UBS Group increased their price objective on shares of MongoDB from $425.00 to $465.00 and gave the company a “buy” rating in a research report on Friday, September 1st. Mizuho increased their price objective on shares of MongoDB from $240.00 to $260.00 in a research report on Friday, September 1st. Macquarie increased their target price on shares of MongoDB from $434.00 to $456.00 in a research report on Friday, September 1st. Finally, Canaccord Genuity Group increased their target price on shares of MongoDB from $410.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $418.08.
Check Out Our Latest Analysis on MDB
MongoDB Company Profile
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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