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Insider Selling: MongoDB, Inc. (NASDAQ:MDB) Director Sells 14090 Shares of Stock

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Posted on mongodb google news. Visit mongodb google news

MongoDB, Inc. (NASDAQ:MDBGet Rating) Director Dwight A. Merriman sold 14,090 shares of the company’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $312.06, for a total transaction of $4,396,925.40. Following the completion of the transaction, the director now directly owns 1,322,954 shares in the company, valued at $412,841,025.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

MongoDB Stock Up 4.7 %

NASDAQ MDB opened at $356.84 on Friday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 4.16 and a current ratio of 4.16. The firm has a 50-day simple moving average of $285.74 and a 200 day simple moving average of $336.52. MongoDB, Inc. has a twelve month low of $213.39 and a twelve month high of $590.00. The stock has a market cap of $24.31 billion, a PE ratio of -73.73 and a beta of 0.96.

MongoDB (NASDAQ:MDBGet Rating) last released its earnings results on Wednesday, June 1st. The company reported ($1.15) earnings per share for the quarter, beating the consensus estimate of ($1.34) by $0.19. MongoDB had a negative net margin of 32.75% and a negative return on equity of 45.56%. The business had revenue of $285.45 million during the quarter, compared to analysts’ expectations of $267.10 million. During the same quarter last year, the company earned ($0.98) earnings per share. The firm’s revenue was up 57.1% on a year-over-year basis. On average, research analysts forecast that MongoDB, Inc. will post -5.08 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on MDB shares. Canaccord Genuity Group dropped their price target on shares of MongoDB from $400.00 to $300.00 in a research note on Thursday, June 2nd. Citigroup upped their price objective on shares of MongoDB from $405.00 to $425.00 in a report on Thursday, June 2nd. Piper Sandler decreased their price objective on shares of MongoDB from $430.00 to $375.00 and set an “overweight” rating for the company in a report on Monday, July 18th. Royal Bank of Canada upped their price objective on shares of MongoDB from $325.00 to $375.00 in a report on Thursday, June 9th. Finally, Needham & Company LLC upped their price objective on shares of MongoDB from $310.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, June 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus target price of $401.17.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in MongoDB by 2.1% in the first quarter. Vanguard Group Inc. now owns 5,970,224 shares of the company’s stock worth $2,648,332,000 after purchasing an additional 121,201 shares in the last quarter. State Street Corp increased its holdings in shares of MongoDB by 0.6% during the first quarter. State Street Corp now owns 1,343,657 shares of the company’s stock worth $596,033,000 after buying an additional 7,389 shares in the last quarter. 1832 Asset Management L.P. increased its holdings in shares of MongoDB by 19.3% during the first quarter. 1832 Asset Management L.P. now owns 1,028,400 shares of the company’s stock worth $450,095,000 after buying an additional 166,400 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of MongoDB by 7.1% during the fourth quarter. Geode Capital Management LLC now owns 864,250 shares of the company’s stock worth $456,904,000 after buying an additional 56,940 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of MongoDB by 26.4% during the first quarter. Wellington Management Group LLP now owns 672,545 shares of the company’s stock worth $298,334,000 after buying an additional 140,260 shares in the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

MongoDB Company Profile

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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

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