MongoDB, Inc. (NASDAQ:MDB – Get Free Report) CAO Thomas Bull sold 301 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total transaction of $52,148.25. Following the completion of the transaction, the chief accounting officer now owns 14,598 shares in the company, valued at $2,529,103.50. This represents a 2.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

MongoDB Stock Down 4.5 %

MongoDB stock traded down $7.01 during trading hours on Monday, hitting $147.38. The stock had a trading volume of 5,169,359 shares, compared to its average volume of 1,771,869. The stock’s 50-day moving average price is $236.68 and its 200-day moving average price is $261.78. MongoDB, Inc. has a 12-month low of $140.96 and a 12-month high of $387.19. The stock has a market capitalization of $11.97 billion, a P/E ratio of -53.79 and a beta of 1.49.

MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). The firm had revenue of $548.40 million during the quarter, compared to analysts’ expectations of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same quarter in the previous year, the firm earned $0.86 earnings per share. On average, research analysts expect that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Institutional Investors Weigh In On MongoDB

Institutional investors have recently modified their holdings of the business. Strategic Investment Solutions Inc. IL purchased a new position in MongoDB in the 4th quarter worth about $29,000. Hilltop National Bank grew its stake in shares of MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after acquiring an additional 42 shares during the period. NCP Inc. purchased a new position in shares of MongoDB during the fourth quarter valued at approximately $35,000. Continuum Advisory LLC lifted its position in MongoDB by 621.1% during the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after purchasing an additional 118 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in MongoDB by 1,100.0% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $42,000 after purchasing an additional 165 shares during the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MDB has been the topic of a number of recent analyst reports. Macquarie cut their price target on shares of MongoDB from $300.00 to $215.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Loop Capital cut their target price on MongoDB from $400.00 to $350.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. China Renaissance initiated coverage on MongoDB in a report on Tuesday, January 21st. They set a “buy” rating and a $351.00 price target on the stock. Royal Bank of Canada cut their price objective on MongoDB from $400.00 to $320.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $350.00 target price on shares of MongoDB in a research note on Tuesday, March 4th. Seven research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and a consensus target price of $312.84.

Get Our Latest Analysis on MongoDB

MongoDB Company Profile

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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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