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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) Director John Dennis Mcmahon sold 10,000 shares of MongoDB stock in a transaction on Monday, June 24th. The stock was sold at an average price of $228.00, for a total transaction of $2,280,000.00. Following the sale, the director now directly owns 20,020 shares of the company’s stock, valued at approximately $4,564,560. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
MongoDB Stock Performance
Shares of MDB stock opened at $244.15 on Friday. MongoDB, Inc. has a 12 month low of $214.74 and a 12 month high of $509.62. The company’s fifty day simple moving average is $306.14 and its 200-day simple moving average is $367.45. The firm has a market cap of $17.91 billion, a PE ratio of -86.89 and a beta of 1.13. The company has a quick ratio of 4.93, a current ratio of 4.93 and a debt-to-equity ratio of 0.90.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings data on Thursday, May 30th. The company reported ($0.80) EPS for the quarter, hitting analysts’ consensus estimates of ($0.80). The company had revenue of $450.56 million during the quarter, compared to the consensus estimate of $438.44 million. MongoDB had a negative net margin of 11.50% and a negative return on equity of 14.88%. Equities research analysts expect that MongoDB, Inc. will post -2.67 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts recently commented on MDB shares. Redburn Atlantic reiterated a “sell” rating and issued a $295.00 price objective (down previously from $410.00) on shares of MongoDB in a report on Tuesday, March 19th. Stifel Nicolaus cut their price target on shares of MongoDB from $435.00 to $300.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. Tigress Financial boosted their price objective on shares of MongoDB from $495.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Monness Crespi & Hardt upgraded shares of MongoDB to a “hold” rating in a report on Tuesday, May 28th. Finally, Robert W. Baird reduced their price target on shares of MongoDB from $450.00 to $305.00 and set an “outperform” rating on the stock in a research report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $361.30.
Read Our Latest Stock Report on MDB
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in MDB. Transcendent Capital Group LLC bought a new position in shares of MongoDB in the fourth quarter valued at $25,000. Blue Trust Inc. increased its stake in shares of MongoDB by 937.5% during the 4th quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after purchasing an additional 75 shares during the last quarter. Beacon Capital Management LLC lifted its stake in MongoDB by 1,111.1% in the 4th quarter. Beacon Capital Management LLC now owns 109 shares of the company’s stock valued at $45,000 after purchasing an additional 100 shares during the last quarter. YHB Investment Advisors Inc. acquired a new position in MongoDB during the first quarter worth approximately $41,000. Finally, GAMMA Investing LLC bought a new position in shares of MongoDB during the 4th quarter worth approximately $50,000. Institutional investors and hedge funds own 89.29% of the company’s stock.
MongoDB Company Profile
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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