×

Mongodb Inc (MDB) CFO Sells $35617.40 in Stock

MMS Founder
MMS RSS

Posted on mongodb google news. Visit mongodb google news

Mongodb Inc (NASDAQ:MDB) CFO Michael Lawrence Gordon sold 721 shares of the firm’s stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $49.40, for a total value of $35,617.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of NASDAQ MDB traded up $0.95 during mid-day trading on Thursday, reaching $51.18. 512,700 shares of the company traded hands, compared to its average volume of 673,737. The firm has a market cap of $2.54 billion and a price-to-earnings ratio of -29.41. Mongodb Inc has a fifty-two week low of $24.62 and a fifty-two week high of $59.54.

Mongodb (NASDAQ:MDB) last issued its quarterly earnings data on Wednesday, June 6th. The company reported ($0.43) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.43). The company had revenue of $48.20 million for the quarter, compared to analyst estimates of $46.46 million. Mongodb’s revenue for the quarter was up 48.8% on a year-over-year basis. analysts predict that Mongodb Inc will post -2.22 earnings per share for the current year.

A number of equities research analysts have recently weighed in on the company. Citigroup assumed coverage on Mongodb in a research note on Thursday, June 28th. They set a “neutral” rating and a $56.00 price target for the company. Needham & Company LLC raised their price target on Mongodb from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, June 12th. Stifel Nicolaus raised their price target on Mongodb from $47.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, June 7th. KeyCorp increased their price objective on Mongodb from $50.00 to $62.00 and gave the company an “overweight” rating in a report on Thursday, June 7th. Finally, Canaccord Genuity reissued a “buy” rating and set a $54.00 price objective (up previously from $45.00) on shares of Mongodb in a report on Thursday, June 7th. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $47.00.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Brighton Jones LLC grew its holdings in Mongodb by 43.3% in the 1st quarter. Brighton Jones LLC now owns 10,313 shares of the company’s stock valued at $448,000 after buying an additional 3,116 shares during the last quarter. UBS Group AG grew its holdings in Mongodb by 267.4% in the 1st quarter. UBS Group AG now owns 5,052 shares of the company’s stock valued at $219,000 after buying an additional 3,677 shares during the last quarter. Northern Trust Corp grew its holdings in Mongodb by 26.0% in the 1st quarter. Northern Trust Corp now owns 19,672 shares of the company’s stock valued at $854,000 after buying an additional 4,060 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new stake in Mongodb in the 1st quarter valued at approximately $177,000. Finally, Schwab Charles Investment Management Inc. acquired a new stake in Mongodb in the 1st quarter valued at approximately $217,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

About Mongodb

MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted 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.

Insider Buying and Selling by Quarter for Mongodb (NASDAQ:MDB)

Receive News & Ratings for Mongodb Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Mongodb and related companies with MarketBeat.com’s FREE daily email newsletter.

Article originally posted on mongodb google news. Visit mongodb google news

Subscribe for MMS Newsletter

By signing up, you will receive updates about our latest information.

  • This field is for validation purposes and should be left unchanged.