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MongoDB, Inc. (NASDAQ:MDB – Get Rating) Director Dwight A. Merriman sold 14,000 shares of the stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $263.69, for a total transaction of $3,691,660.00. Following the completion of the sale, the director now owns 1,323,542 shares of the company’s stock, valued at $349,004,789.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of MDB stock opened at $315.48 on Friday. The company has a debt-to-equity ratio of 1.69, a current ratio of 4.16 and a quick ratio of 4.16. The firm has a market cap of $21.49 billion, a PE ratio of -65.18 and a beta of 0.91. The company has a 50-day moving average of $272.16 and a two-hundred day moving average of $361.67. MongoDB, Inc. has a 1-year low of $213.39 and a 1-year high of $590.00.

MongoDB (NASDAQ:MDB – Get Rating) last issued its quarterly earnings results on Wednesday, June 1st. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.34) by $1.54. The business had revenue of $285.45 million for the quarter, compared to analysts’ expectations of $267.10 million. MongoDB had a negative net margin of 32.75% and a negative return on equity of 45.56%. The business’s quarterly revenue was up 57.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.98) earnings per share. Sell-side analysts anticipate that MongoDB, Inc. will post -5.09 EPS for the current fiscal year.

MDB has been the subject of a number of analyst reports. Stifel Nicolaus dropped their price objective on shares of MongoDB from $425.00 to $340.00 in a report on Thursday, June 2nd. Credit Suisse Group dropped their price objective on shares of MongoDB from $650.00 to $500.00 and set an “outperform” rating for the company in a report on Thursday, June 2nd. Oppenheimer dropped their price objective on shares of MongoDB from $490.00 to $400.00 and set an “outperform” rating for the company in a report on Thursday, June 2nd. Redburn Partners initiated coverage on shares of MongoDB in a report on Wednesday, June 29th. They issued a “sell” rating and a $190.00 price objective for the company. Finally, Canaccord Genuity Group dropped their price objective on shares of MongoDB from $400.00 to $300.00 in a report on Thursday, June 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $406.82.

Institutional investors and hedge funds have recently modified their holdings of the company. Veriti Management LLC acquired a new stake in shares of MongoDB during the first quarter worth about $248,000. IFM Investors Pty Ltd lifted its position in shares of MongoDB by 41.3% during the first quarter. IFM Investors Pty Ltd now owns 9,937 shares of the company’s stock worth $4,408,000 after purchasing an additional 2,905 shares in the last quarter. Wedbush Securities Inc. lifted its position in shares of MongoDB by 1.8% during the first quarter. Wedbush Securities Inc. now owns 2,253 shares of the company’s stock worth $999,000 after purchasing an additional 40 shares in the last quarter. Baldwin Brothers LLC MA lifted its position in shares of MongoDB by 8.7% during the first quarter. Baldwin Brothers LLC MA now owns 815 shares of the company’s stock worth $362,000 after purchasing an additional 65 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in MongoDB by 3.1% in the fourth quarter. Northern Trust Corp now owns 405,648 shares of the company’s stock valued at $214,731,000 after acquiring an additional 12,223 shares in the last quarter. 88.70% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Company Profile (Get Rating)

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.

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Article originally posted on mongodb google news. Visit mongodb google news