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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 shares were sold at an average price of $228.00, for a total value 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
MongoDB Trading Up 6.1 %
MDB stock traded up $13.91 during trading on Wednesday, reaching $240.52. The company had a trading volume of 2,504,639 shares, compared to its average volume of 1,529,366. MongoDB, Inc. has a 52 week low of $214.74 and a 52 week high of $509.62. The company has a market cap of $17.64 billion, a P/E ratio of -85.59 and a beta of 1.13. The business has a 50 day moving average of $307.97 and a 200 day moving average of $368.31. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.93 and a quick ratio of 4.93.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings data on Thursday, May 30th. The company reported ($0.80) EPS for the quarter, meeting the consensus estimate of ($0.80). The business had revenue of $450.56 million during the quarter, compared to analyst estimates of $438.44 million. MongoDB had a negative return on equity of 14.88% and a negative net margin of 11.50%. As a group, sell-side analysts forecast that MongoDB, Inc. will post -2.67 earnings per share for the current fiscal year.
Analysts Set New Price Targets
MDB has been the topic of a number of research analyst reports. KeyCorp decreased their price target on shares of MongoDB from $490.00 to $440.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. Redburn Atlantic restated a “sell” rating and set a $295.00 price target (down previously from $410.00) on shares of MongoDB in a research report on Tuesday, March 19th. Loop Capital cut their price objective on MongoDB from $415.00 to $315.00 and set a “buy” rating for the company in a report on Friday, May 31st. Canaccord Genuity Group reduced their price objective on MongoDB from $435.00 to $325.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. Finally, Oppenheimer dropped their target price on MongoDB from $480.00 to $300.00 and set an “outperform” rating for the company in a research report on Friday, May 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and a consensus price target of $361.30.
Check Out Our Latest Stock Report on MongoDB
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in MDB. Cetera Advisors LLC raised its holdings in MongoDB by 106.9% in the 1st quarter. Cetera Advisors LLC now owns 1,558 shares of the company’s stock worth $559,000 after acquiring an additional 805 shares during the last quarter. Cetera Investment Advisers raised its stake in MongoDB by 327.6% during the 1st quarter. Cetera Investment Advisers now owns 10,873 shares of the company’s stock valued at $3,899,000 after buying an additional 8,330 shares during the last quarter. Atria Investments Inc increased its position in MongoDB by 1.2% during the first quarter. Atria Investments Inc now owns 3,259 shares of the company’s stock valued at $1,169,000 after acquiring an additional 39 shares during the last quarter. Swedbank AB bought a new position in shares of MongoDB in the 1st quarter worth approximately $91,915,000. Finally, LRI Investments LLC purchased a new position in shares of MongoDB during the 1st quarter worth $106,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.
About MongoDB
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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