×

MongoDB, Inc. (NASDAQ:MDB) CEO Sells $1,319,869.95 in Stock – Defense World

MMS Founder
MMS RSS

Posted on mongodb google news. Visit mongodb google news

MongoDB, Inc. (NASDAQ:MDBGet 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:MDBGet 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.

Featured Stories

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.