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Insider Selling: MongoDB, Inc. (NASDAQ:MDB) CAO Sells 138 Shares of Stock – MarketBeat

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Posted on mongodb google news. Visit mongodb google news

MongoDB, Inc. (NASDAQ:MDBGet Free Report) CAO Thomas Bull sold 138 shares of MongoDB stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total value of $36,610.02. Following the transaction, the chief accounting officer now owns 17,222 shares in the company, valued at $4,568,824.38. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

MongoDB Stock Performance

NASDAQ:MDB traded up $1.80 during trading hours on Friday, hitting $266.74. 1,240,072 shares of the company traded hands, compared to its average volume of 1,543,072. The company has a current ratio of 4.93, a quick ratio of 4.93 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $19.57 billion, a price-to-earnings ratio of -94.93 and a beta of 1.13. The firm has a 50-day moving average of $294.48 and a 200 day moving average of $361.33. MongoDB, Inc. has a twelve month low of $214.74 and a twelve month high of $509.62.

MongoDB (NASDAQ:MDBGet Free Report) last announced its quarterly earnings data on Thursday, May 30th. The company reported ($0.80) EPS for the quarter, meeting analysts’ consensus estimates of ($0.80). MongoDB had a negative net margin of 11.50% and a negative return on equity of 14.88%. The business had revenue of $450.56 million during the quarter, compared to analyst estimates of $438.44 million. On average, analysts forecast that MongoDB, Inc. will post -2.67 EPS for the current year.

Institutional Investors Weigh In On MongoDB

Institutional investors and hedge funds have recently bought and sold shares of the business. O Shaughnessy Asset Management LLC acquired a new stake in MongoDB during the third quarter valued at approximately $310,000. AQR Capital Management LLC grew its position in MongoDB by 99.8% in the third quarter. AQR Capital Management LLC now owns 27,798 shares of the company’s stock valued at $9,614,000 after acquiring an additional 13,884 shares during the period. Adage Capital Partners GP L.L.C. bought a new stake in MongoDB in the third quarter valued at $3,459,000. Seven Eight Capital LP acquired a new position in MongoDB during the third quarter worth $868,000. Finally, Royal London Asset Management Ltd. boosted its stake in shares of MongoDB by 4.0% in the 3rd quarter. Royal London Asset Management Ltd. now owns 25,212 shares of the company’s stock valued at $8,720,000 after purchasing an additional 964 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on MDB shares. Monness Crespi & Hardt raised MongoDB to a “hold” rating in a report on Tuesday, May 28th. Scotiabank cut their target price on shares of MongoDB from $385.00 to $250.00 and set a “sector perform” rating for the company in a research report on Monday, June 3rd. JMP Securities lowered their price target on shares of MongoDB from $440.00 to $380.00 and set a “market outperform” rating on the stock in a report on Friday, May 31st. KeyCorp cut their price objective on MongoDB from $490.00 to $440.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Finally, Redburn Atlantic reissued a “sell” rating and set a $295.00 price objective (down previously from $410.00) on shares of MongoDB in a research report on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and an average price target of $361.30.

Check Out Our Latest Analysis on MongoDB

About MongoDB

(Get Free Report)

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

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