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MongoDB, Inc. (NASDAQ:MDB – Free Report) CEO Dev Ittycheria sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $407.07, for a total transaction of $20,353,500.00. Following the transaction, the chief executive officer now directly owns 218,085 shares of the company’s stock, valued at $88,775,860.95. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Monday, July 3rd, Dev Ittycheria sold 4,226 shares of MongoDB stock. The stock was sold at an average price of $406.79, for a total transaction of $1,719,094.54.
• 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 transaction of $5,746,400.00.

MongoDB Stock Down 2.6 %

Shares of MDB opened at $388.62 on Friday. The firm has a market cap of $27.22 billion, a P/E ratio of -83.22 and a beta of 1.13. MongoDB, Inc. has a 12-month low of $135.15 and a 12-month high of $418.70. The company’s 50-day moving average price is $329.63 and its 200 day moving average price is $252.53. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 1.44.

MongoDB (NASDAQ:MDB – Free Report) last issued its quarterly earnings data on Thursday, June 1st. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.38. The firm had revenue of $368.28 million for the quarter, compared to analyst estimates of $347.77 million. MongoDB had a negative net margin of 23.58% and a negative return on equity of 43.25%. MongoDB’s revenue was up 29.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.15) EPS. On average, sell-side analysts forecast that MongoDB, Inc. will post -2.8 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on MDB shares. Sanford C. Bernstein lifted their target price on shares of MongoDB from $257.00 to $424.00 in a report on Monday, June 5th. Truist Financial lifted their price target on shares of MongoDB from $365.00 to $420.00 in a research note on Friday, June 23rd. Piper Sandler lifted their price target on shares of MongoDB from $270.00 to $400.00 in a research note on Friday, June 2nd. Citigroup lifted their target price on shares of MongoDB from $363.00 to $430.00 in a research note on Friday, June 2nd. Finally, Tigress Financial lifted their target price on shares of MongoDB from $365.00 to $490.00 in a research note on Wednesday, June 28th. One equities research 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. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $366.30.

Institutional Trading of MongoDB

Several institutional investors and hedge funds have recently bought and sold shares of MDB. Bessemer Group Inc. purchased a new stake in MongoDB during the fourth quarter worth about $29,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in MongoDB during the fourth quarter worth about $30,000. Global Retirement Partners LLC increased its stake in 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 purchasing an additional 104 shares during the period. Lindbrook Capital LLC increased its stake in MongoDB by 350.0% during the fourth quarter. Lindbrook Capital LLC now owns 171 shares of the company’s stock worth $34,000 after purchasing an additional 133 shares during the period. Finally, Y.D. More Investments Ltd purchased a new stake in MongoDB during the fourth quarter worth about $36,000. 89.22% of the stock is currently owned by hedge funds and other institutional investors.

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

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