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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $420.00, for a total value of $420,000.00. Following the transaction, the director now owns 528,896 shares in the company, valued at $222,136,320. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
MongoDB Trading Down 0.2 %
NASDAQ MDB traded down $0.95 during trading hours on Wednesday, hitting $410.11. 1,162,563 shares of the company were exchanged, compared to its average volume of 1,359,424. The stock has a 50-day moving average price of $401.74 and a 200 day moving average price of $380.67. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.18. MongoDB, Inc. has a 52 week low of $179.52 and a 52 week high of $442.84. The stock has a market cap of $29.60 billion, a PE ratio of -155.70 and a beta of 1.23.
MongoDB (NASDAQ:MDB – Get Free Report) last released its earnings results on Tuesday, December 5th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.45. MongoDB had a negative return on equity of 20.64% and a negative net margin of 11.70%. The firm had revenue of $432.94 million for the quarter, compared to analysts’ expectations of $406.33 million. During the same quarter in the prior year, the firm posted ($1.23) earnings per share. The company’s quarterly revenue was up 29.8% on a year-over-year basis. Analysts forecast that MongoDB, Inc. will post -1.64 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. Piper Sandler raised their price target on MongoDB from $425.00 to $500.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 6th. Needham & Company LLC restated a “buy” rating and issued a $495.00 target price on shares of MongoDB in a research note on Wednesday, January 17th. Stifel Nicolaus restated a “buy” rating and issued a $450.00 target price on shares of MongoDB in a research note on Monday, December 4th. KeyCorp lowered their price objective on MongoDB from $495.00 to $440.00 and set an “overweight” rating for the company in a research note on Monday, October 23rd. Finally, Mizuho lifted their price objective on MongoDB from $330.00 to $420.00 and gave the company a “neutral” rating in a research note on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and an average target price of $430.41.
View Our Latest Analysis on MongoDB
Institutional Trading of MongoDB
A number of hedge funds have recently bought and sold shares of the stock. GPS Wealth Strategies Group LLC purchased a new stake in shares of MongoDB during the 2nd quarter valued at $26,000. KB Financial Partners LLC acquired a new stake in MongoDB during the 2nd quarter worth about $27,000. Capital Advisors Ltd. LLC grew its position in MongoDB by 131.0% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 67 shares of the company’s stock worth $28,000 after purchasing an additional 38 shares during the period. Bessemer Group Inc. acquired a new stake in shares of MongoDB during the 4th quarter valued at about $29,000. Finally, BluePath Capital Management LLC purchased a new stake in shares of MongoDB in the third quarter valued at approximately $30,000. Hedge funds and other institutional investors own 88.89% of the company’s stock.
About MongoDB
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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Article originally posted on mongodb google news. Visit mongodb google news