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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $420.00, for a total value of $420,000.00. Following the completion of the transaction, the director now directly owns 528,896 shares of the company’s stock, valued at approximately $222,136,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
MongoDB Stock Down 2.4 %
Shares of MongoDB stock opened at $400.30 on Friday. MongoDB, Inc. has a 1 year low of $189.59 and a 1 year high of $442.84. The stock has a fifty day moving average price of $402.32 and a 200-day moving average price of $381.01. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.18.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its earnings results on Tuesday, December 5th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.45. MongoDB had a negative return on equity of 20.64% and a negative net margin of 11.70%. The firm had revenue of $432.94 million during the quarter, compared to analyst estimates of $406.33 million. During the same period last year, the firm posted ($1.23) EPS. The business’s revenue was up 29.8% compared to the same quarter last year. On average, analysts anticipate that MongoDB, Inc. will post -1.64 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in MDB. Raymond James & Associates grew its stake in shares of MongoDB by 32.0% during the 1st quarter. Raymond James & Associates now owns 4,922 shares of the company’s stock worth $2,183,000 after acquiring an additional 1,192 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of MongoDB by 19.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,282 shares of the company’s stock worth $569,000 after acquiring an additional 206 shares during the period. MetLife Investment Management LLC bought a new position in shares of MongoDB during the 1st quarter worth $1,823,000. Panagora Asset Management Inc. grew its stake in shares of MongoDB by 9.8% during the 1st quarter. Panagora Asset Management Inc. now owns 1,977 shares of the company’s stock worth $877,000 after acquiring an additional 176 shares during the period. Finally, Vontobel Holding Ltd. grew its stake in shares of MongoDB by 100.3% during the 1st quarter. Vontobel Holding Ltd. now owns 2,873 shares of the company’s stock worth $1,236,000 after acquiring an additional 1,439 shares during the period. Institutional investors own 88.89% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $495.00 price target on shares of MongoDB in a research note on Wednesday, January 17th. Piper Sandler boosted their target price on MongoDB from $425.00 to $500.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 6th. Wells Fargo & Company assumed coverage on MongoDB in a research note on Thursday, November 16th. They set an “overweight” rating and a $500.00 target price for the company. Capital One Financial raised MongoDB from an “equal weight” rating to an “overweight” rating and set a $427.00 price objective for the company in a research note on Wednesday, November 8th. Finally, UBS Group reiterated a “neutral” rating and issued a $410.00 target price (down from $475.00) on shares of MongoDB in a report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $430.41.
View Our Latest Analysis on MDB
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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