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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) CEO Dev Ittycheria sold 8,335 shares of the stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $231.99, for a total value of $1,933,636.65. Following the completion of the sale, the chief executive officer owned 244,892 shares of the company’s stock, valued at $56,812,495.08. This trade represents a 3.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Dev Ittycheria also recently made the following trade(s):
- On Monday, July 28th, Dev Ittycheria sold 8,335 shares of MongoDB stock. The stock was sold at an average price of $243.89, for a total value of $2,032,823.15.
- On Wednesday, July 2nd, Dev Ittycheria sold 3,747 shares of MongoDB stock. The stock was sold at an average price of $206.05, for a total value of $772,069.35.
- On Thursday, June 5th, Dev Ittycheria sold 25,005 shares of MongoDB stock. The stock was sold at an average price of $234.00, for a total value of $5,851,170.00.
MongoDB Price Performance
MongoDB stock traded down $3.53 during mid-day trading on Tuesday, reaching $240.88. 1,773,883 shares of the company were exchanged, compared to its average volume of 2,297,158. The company has a fifty day simple moving average of $207.58 and a 200-day simple moving average of $212.18. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $370.00. The firm has a market cap of $19.68 billion, a PE ratio of -211.30 and a beta of 1.41.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.35. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%. The company had revenue of $549.01 million for the quarter, compared to analyst estimates of $527.49 million. During the same quarter last year, the company posted $0.51 EPS. The company’s revenue for the quarter was up 21.8% compared to the same quarter last year. Sell-side analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.
Hedge Funds Weigh In On MongoDB
Several hedge funds and other institutional investors have recently modified their holdings of MDB. Vanguard Group Inc. boosted its holdings in shares of MongoDB by 6.6% during the 1st quarter. Vanguard Group Inc. now owns 7,809,768 shares of the company’s stock valued at $1,369,833,000 after acquiring an additional 481,023 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of MongoDB by 9.7% during the 4th quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company’s stock valued at $478,398,000 after acquiring an additional 181,962 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of MongoDB by 11.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,271,444 shares of the company’s stock valued at $223,011,000 after acquiring an additional 129,451 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of MongoDB by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 1,252,142 shares of the company’s stock valued at $290,987,000 after acquiring an additional 22,106 shares in the last quarter. Finally, Amundi boosted its holdings in shares of MongoDB by 53.0% during the 1st quarter. Amundi now owns 1,061,457 shares of the company’s stock valued at $173,378,000 after acquiring an additional 367,717 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.
Analysts Set New Price Targets
Several brokerages recently commented on MDB. DA Davidson reissued a “buy” rating and set a $275.00 price target on shares of MongoDB in a research report on Thursday, June 5th. Redburn Atlantic raised MongoDB from a “sell” rating to a “neutral” rating and set a $170.00 price target for the company in a research report on Thursday, April 17th. Barclays raised their price objective on MongoDB from $252.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, June 5th. Stifel Nicolaus cut their price objective on MongoDB from $340.00 to $275.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Finally, Stephens assumed coverage on MongoDB in a research report on Friday, July 18th. They issued an “equal weight” rating and a $247.00 price objective for the company. Nine analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $281.31.
Check Out Our Latest Stock Analysis on MongoDB
MongoDB Company Profile
MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides 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-premises, 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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