MMS • RSS
Posted on mongodb google news. Visit mongodb google news
Other institutional investors have also made changes to their positions in the company. Confluence Wealth Services Inc. purchased a new position in shares of MongoDB in the fourth quarter worth approximately $25,000. Bank of New Hampshire purchased a new position in MongoDB during the first quarter valued at approximately $25,000. Covestor Ltd purchased a new position in MongoDB during the fourth quarter valued at approximately $43,000. Montag A & Associates Inc. grew its position in MongoDB by 200.0% during the fourth quarter. Montag A & Associates Inc. now owns 108 shares of the company’s stock valued at $57,000 after purchasing an additional 72 shares in the last quarter. Finally, Nauset Wealth Management. LLC purchased a new position in MongoDB during the first quarter valued at approximately $89,000. 88.70% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, Director Dwight A. Merriman sold 3,000 shares of the company’s stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $251.74, for a total transaction of $755,220.00. Following the transaction, the director now owns 544,896 shares in the company, valued at approximately $137,172,119.04. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Dwight A. Merriman sold 629 shares of the stock in a transaction that occurred on Tuesday, June 28th. The shares were sold at an average price of $292.64, for a total value of $184,070.56. Following the sale, the director now directly owns 1,322,755 shares in the company, valued at approximately $387,091,023.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 3,000 shares of the stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $251.74, for a total transaction of $755,220.00. Following the completion of the sale, the director now owns 544,896 shares in the company, valued at $137,172,119.04. The disclosure for this sale can be found here. Insiders have sold a total of 43,795 shares of company stock worth $12,357,981 in the last 90 days. Corporate insiders own 5.70% of the company’s stock.
MongoDB Stock Performance
Shares of MongoDB stock opened at $379.10 on Friday. The company’s fifty day moving average price is $296.97 and its two-hundred day moving average price is $336.16. The company has a debt-to-equity ratio of 1.69, a current ratio of 4.16 and a quick ratio of 4.16. MongoDB, Inc. has a 52-week low of $213.39 and a 52-week high of $590.00.
MongoDB (NASDAQ:MDB – Get Rating) last posted its earnings results on Wednesday, June 1st. The company reported ($1.15) earnings per share for the quarter, topping the consensus estimate of ($1.34) by $0.19. MongoDB had a negative net margin of 32.75% and a negative return on equity of 45.56%. The business had revenue of $285.45 million for the quarter, compared to analyst estimates of $267.10 million. During the same quarter in the prior year, the firm earned ($0.98) EPS. The firm’s quarterly revenue was up 57.1% compared to the same quarter last year. Analysts anticipate that MongoDB, Inc. will post -5.08 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on MDB. Citigroup boosted their price objective on shares of MongoDB from $405.00 to $425.00 in a research report on Thursday, June 2nd. Robert W. Baird started coverage on shares of MongoDB in a research note on Tuesday, July 12th. They issued an “outperform” rating and a $360.00 target price for the company. Morgan Stanley reduced their target price on shares of MongoDB from $378.00 to $368.00 and set an “overweight” rating for the company in a research note on Thursday, June 2nd. Needham & Company LLC lifted their target price on shares of MongoDB from $310.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, June 10th. Finally, Mizuho reduced their target price on shares of MongoDB from $325.00 to $270.00 and set a “neutral” rating for the company in a research note on Wednesday, May 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $401.17.
About MongoDB
MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud 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.
See Also
Want to see what other hedge funds are holding MDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MongoDB, Inc. (NASDAQ:MDB – Get Rating).
Receive News & Ratings for MongoDB Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for MongoDB and related companies with MarketBeat.com’s FREE daily email newsletter.
Article originally posted on mongodb google news. Visit mongodb google news