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MongoDB, Inc. (NASDAQ:MDB – Get Rating) CEO Dev Ittycheria sold 4,991 shares of the firm’s stock in a transaction that occurred on Tuesday, July 5th. The shares were sold at an average price of $264.45, for a total transaction of $1,319,869.95. Following the transaction, the chief executive officer now owns 199,753 shares in the company, valued at approximately $52,824,680.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Dev Ittycheria also recently made the following trade(s):

• On Thursday, May 5th, Dev Ittycheria sold 35,000 shares of MongoDB stock. The stock was sold at an average price of $321.10, for a total transaction of $11,238,500.00.

Shares of NASDAQ:MDB opened at $314.16 on Friday. The firm has a fifty day moving average of $271.34 and a two-hundred day moving average of $360.12. The firm has a market capitalization of $21.40 billion, a P/E ratio of -64.91 and a beta of 0.91. MongoDB, Inc. has a 12-month low of $213.39 and a 12-month high of $590.00. The company has a quick ratio of 4.16, a current ratio of 4.16 and a debt-to-equity ratio of 1.69.

MongoDB (NASDAQ:MDB – Get Rating) last issued its earnings results on Wednesday, June 1st. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.34) by $1.54. The company had revenue of $285.45 million during the quarter, compared to analyst estimates of $267.10 million. MongoDB had a negative net margin of 32.75% and a negative return on equity of 45.56%. The company’s revenue for the quarter was up 57.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.98) EPS. Equities research analysts expect that MongoDB, Inc. will post -5.09 earnings per share for the current fiscal year.

MDB has been the subject of a number of research reports. Oppenheimer reduced their target price on shares of MongoDB from $490.00 to $400.00 and set an “outperform” rating for the company in a report on Thursday, June 2nd. Citigroup raised their target price on shares of MongoDB from $405.00 to $425.00 in a report on Thursday, June 2nd. Morgan Stanley reduced their target price on shares of MongoDB from $378.00 to $368.00 and set an “overweight” rating for the company in a report on Thursday, June 2nd. Piper Sandler reduced their target price on shares of MongoDB from $585.00 to $430.00 and set an “overweight” rating for the company in a report on Thursday, June 2nd. Finally, Credit Suisse Group reduced their target price on shares of MongoDB from $650.00 to $500.00 and set an “outperform” rating for the company in a report on Thursday, June 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $406.82.

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of MongoDB by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 5,970,224 shares of the company’s stock valued at $2,648,332,000 after buying an additional 121,201 shares during the period. State Street Corp raised its holdings in shares of MongoDB by 0.6% during the 1st quarter. State Street Corp now owns 1,343,657 shares of the company’s stock valued at $596,033,000 after purchasing an additional 7,389 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of MongoDB during the 4th quarter valued at $674,390,000. 1832 Asset Management L.P. raised its holdings in shares of MongoDB by 19.3% during the 1st quarter. 1832 Asset Management L.P. now owns 1,028,400 shares of the company’s stock valued at $450,095,000 after purchasing an additional 166,400 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of MongoDB by 7.1% during the 4th quarter. Geode Capital Management LLC now owns 864,250 shares of the company’s stock valued at $456,904,000 after purchasing an additional 56,940 shares in the last quarter. 88.70% of the stock is owned by institutional investors.

About MongoDB (Get Rating)

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

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