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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $420.00, for a total value of $420,000.00. Following the sale, the director now directly owns 1,213,159 shares of the company’s stock, valued at $509,526,780. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
MongoDB Stock Performance
MongoDB stock opened at $409.78 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 4.19 and a current ratio of 4.19. The stock has a fifty day moving average of $362.53 and a two-hundred day moving average of $267.21. The company has a market capitalization of $28.92 billion, a price-to-earnings ratio of -87.75 and a beta of 1.13. MongoDB, Inc. has a fifty-two week low of $135.15 and a fifty-two week high of $439.00.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings data on Thursday, June 1st. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.38. The business had revenue of $368.28 million during the quarter, compared to the consensus estimate of $347.77 million. MongoDB had a negative return on equity of 43.25% and a negative net margin of 23.58%. The business’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($1.15) earnings per share. On average, analysts anticipate that MongoDB, Inc. will post -2.8 EPS for the current fiscal year.
Institutional Investors Weigh In On MongoDB
A number of hedge funds and other institutional investors have recently made changes to their positions in MDB. 1832 Asset Management L.P. grew its position in shares of MongoDB by 3,283,771.0% in the fourth quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock valued at $200,383,000 after purchasing an additional 1,017,969 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in MongoDB by 13.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,593,996 shares of the company’s stock valued at $1,770,313,000 after acquiring an additional 897,911 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in MongoDB by 493.2% in the fourth quarter. Renaissance Technologies LLC now owns 918,200 shares of the company’s stock valued at $180,738,000 after acquiring an additional 763,400 shares during the last quarter. Norges Bank acquired a new position in MongoDB in the fourth quarter valued at $147,735,000. Finally, Champlain Investment Partners LLC acquired a new position in MongoDB in the first quarter valued at $89,157,000. Hedge funds and other institutional investors own 89.22% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have commented on MDB shares. Mizuho upped their price objective on MongoDB from $220.00 to $240.00 in a research note on Friday, June 23rd. KeyCorp increased their target price on MongoDB from $372.00 to $462.00 and gave the stock an “overweight” rating in a research note on Friday. Robert W. Baird increased their target price on MongoDB from $390.00 to $430.00 in a research note on Friday, June 23rd. Sanford C. Bernstein increased their target price on MongoDB from $257.00 to $424.00 in a research note on Monday, June 5th. Finally, William Blair reissued an “outperform” rating on shares of MongoDB in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $375.59.
MongoDB Company Profile
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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