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MongoDB, Inc. (NASDAQ:MDB – Free Report) Director Dwight A. Merriman sold 4,000 shares of MongoDB stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $407.11, for a total value of $1,628,440.00. Following the completion of the sale, the director now directly owns 1,214,765 shares in the company, valued at approximately $494,542,979.15. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
MongoDB Trading Down 2.6 %
Shares of MDB stock opened at $388.62 on Friday. 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 of $329.63 and a 200-day moving average of $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, Inc. has a 1-year low of $135.15 and a 1-year high of $418.70.
MongoDB (NASDAQ:MDB – Free Report) last issued its quarterly earnings results on Thursday, June 1st. The company reported $0.56 earnings per share for the quarter, beating 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%. The business’s quarterly revenue was up 29.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.15) earnings per share. On average, equities research analysts forecast that MongoDB, Inc. will post -2.8 earnings per share for the current year.
Institutional Investors Weigh In On MongoDB
Institutional investors and hedge funds have recently made changes to their positions in the stock. Skandinaviska Enskilda Banken AB publ increased its stake in shares of MongoDB by 2.5% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 11,467 shares of the company’s stock valued at $2,256,000 after buying an additional 277 shares during the period. Clarius Group LLC grew its stake in MongoDB by 7.7% during the first quarter. Clarius Group LLC now owns 1,362 shares of the company’s stock worth $318,000 after purchasing an additional 97 shares during the period. Lindbrook Capital LLC grew 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. Principal Financial Group Inc. grew its stake in MongoDB by 12.3% during the fourth quarter. Principal Financial Group Inc. now owns 8,452 shares of the company’s stock worth $1,664,000 after purchasing an additional 924 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its stake in MongoDB by 30.6% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 11,063 shares of the company’s stock worth $2,179,000 after purchasing an additional 2,591 shares during the period. Institutional investors and hedge funds own 89.22% of the company’s stock.
Wall Street Analyst Weigh In
MDB has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their target price on MongoDB from $420.00 to $440.00 in a research report on Friday, June 23rd. Barclays boosted their price target on MongoDB from $374.00 to $421.00 in a research report on Monday, June 26th. VNET Group reaffirmed a “maintains” rating on shares of MongoDB in a research report on Monday, June 26th. Oppenheimer boosted their price target on MongoDB from $270.00 to $430.00 in a research report on Friday, June 2nd. Finally, Robert W. Baird boosted their price target on MongoDB from $390.00 to $430.00 in a research report on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $366.30.
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.
Further Reading
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Article originally posted on mongodb google news. Visit mongodb google news