Posted on mongodb google news. Visit mongodb google news

MongoDB, Inc. (NASDAQ:MDB – Free Report) CEO Dev Ittycheria sold 4,226 shares of MongoDB stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $406.79, for a total value of $1,719,094.54. Following the completion of the transaction, the chief executive officer now owns 218,085 shares of the company’s stock, valued at approximately $88,714,797.15. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Dev Ittycheria also recently made the following trade(s):

• On Wednesday, July 5th, Dev Ittycheria sold 50,000 shares of MongoDB stock. The shares were sold at an average price of $407.07, for a total value of $20,353,500.00.
• On Thursday, June 1st, Dev Ittycheria sold 20,000 shares of MongoDB stock. The shares were sold at an average price of $287.32, for a total value of $5,746,400.00.

MongoDB Stock Down 2.6 %

NASDAQ:MDB opened at $388.62 on Friday. MongoDB, Inc. has a 1 year low of $135.15 and a 1 year high of $418.70. 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 stock has a market cap of $27.22 billion, a price-to-earnings ratio of -83.22 and a beta of 1.13. The stock has a 50-day moving average price of $329.63 and a two-hundred day moving average price of $252.53.

MongoDB (NASDAQ:MDB – Free Report) last posted its quarterly earnings data on Thursday, June 1st. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.38. The company had revenue of $368.28 million during the quarter, compared to analysts’ expectations of $347.77 million. MongoDB had a negative return on equity of 43.25% and a negative net margin of 23.58%. MongoDB’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.15) earnings per share. As a group, equities analysts expect that MongoDB, Inc. will post -2.8 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Global Retirement Partners LLC boosted its position in shares of MongoDB by 346.7% during the first quarter. Global Retirement Partners LLC now owns 134 shares of the company’s stock worth $30,000 after buying an additional 104 shares during the period. Bessemer Group Inc. bought a new stake in MongoDB during the fourth quarter worth about $29,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in MongoDB during the fourth quarter worth about $30,000. Manchester Capital Management LLC bought a new stake in MongoDB during the first quarter worth about $36,000. Finally, Clearstead Advisors LLC bought a new stake in MongoDB during the first quarter worth about $36,000. 89.22% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MDB. Barclays lifted their price objective on MongoDB from $374.00 to $421.00 in a research report on Monday, June 26th. Mizuho boosted their target price on MongoDB from $220.00 to $240.00 in a research report on Friday, June 23rd. Robert W. Baird boosted their target price on MongoDB from $390.00 to $430.00 in a research report on Friday, June 23rd. Tigress Financial boosted their target price on MongoDB from $365.00 to $490.00 in a research report on Wednesday, June 28th. Finally, Stifel Nicolaus boosted their target price on MongoDB from $375.00 to $420.00 in a research report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $366.30.

About MongoDB

(Free Report)

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.

Further Reading

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