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MongoDB, Inc. (NASDAQ:MDB – Free Report) CTO Mark Porter sold 2,734 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $412.33, for a total transaction of $1,127,310.22. Following the completion of the sale, the chief technology officer now directly owns 35,056 shares of the company’s stock, valued at $14,454,640.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Mark Porter also recently made the following trade(s):
- On Friday, June 2nd, Mark Porter sold 2,669 shares of MongoDB stock. The stock was sold at an average price of $381.12, for a total transaction of $1,017,209.28.
- On Tuesday, May 9th, Mark Porter sold 2,673 shares of MongoDB stock. The shares were sold at an average price of $250.00, for a total transaction of $668,250.00.
MongoDB Stock Performance
Shares of NASDAQ MDB opened at $388.62 on Friday. The firm has a 50 day moving average of $329.63 and a 200 day moving average of $252.53. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $27.22 billion, a price-to-earnings ratio of -83.22 and a beta of 1.13. MongoDB, Inc. has a 12-month low of $135.15 and a 12-month high of $418.70.
MongoDB (NASDAQ:MDB – Free Report) last announced its earnings results on Thursday, June 1st. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.38. The company had revenue of $368.28 million during the quarter, compared to analyst estimates of $347.77 million. MongoDB had a negative net margin of 23.58% and a negative return on equity of 43.25%. The firm’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.15) earnings per share. On average, research analysts anticipate that MongoDB, Inc. will post -2.8 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the stock. 22nd Century Group reissued a “maintains” rating on shares of MongoDB in a research report on Monday, June 26th. Barclays lifted their price target on shares of MongoDB from $374.00 to $421.00 in a research report on Monday, June 26th. Oppenheimer lifted their price target on shares of MongoDB from $270.00 to $430.00 in a research report on Friday, June 2nd. Robert W. Baird lifted their price target on shares of MongoDB from $390.00 to $430.00 in a research report on Friday, June 23rd. Finally, Mizuho lifted their price target on shares of MongoDB from $220.00 to $240.00 in a research report on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $366.30.
Hedge Funds Weigh In On MongoDB
A number of hedge funds have recently modified their holdings of MDB. Bessemer Group Inc. bought a new position in shares of MongoDB in the fourth quarter worth approximately $29,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of MongoDB in the fourth quarter worth approximately $30,000. Global Retirement Partners LLC boosted its position in shares of MongoDB by 346.7% in the first quarter. Global Retirement Partners LLC now owns 134 shares of the company’s stock worth $30,000 after purchasing an additional 104 shares during the period. Lindbrook Capital LLC boosted its position in shares of MongoDB by 350.0% in the fourth quarter. Lindbrook Capital LLC now owns 171 shares of the company’s stock worth $34,000 after purchasing an additional 133 shares during the period. Finally, Y.D. More Investments Ltd bought a new position in shares of MongoDB in the fourth quarter worth approximately $36,000. 89.22% of the stock is currently owned by institutional investors.
MongoDB Company Profile
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