MongoDB, Inc. (NASDAQ:MDB – Get Free Report) CFO Srdjan Tanjga sold 525 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $90,961.50. Following the completion of the sale, the chief financial officer now owns 6,406 shares of the company’s stock, valued at $1,109,903.56. This represents a 7.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

MongoDB Stock Down 4.5 %

Shares of NASDAQ MDB traded down $7.01 during mid-day trading on Monday, reaching $147.38. 5,169,359 shares of the company were exchanged, compared to its average volume of 1,771,869. The stock has a market capitalization of $11.97 billion, a P/E ratio of -53.79 and a beta of 1.49. The company’s 50-day simple moving average is $236.68 and its 200-day simple moving average is $261.78. MongoDB, Inc. has a twelve month low of $140.96 and a twelve month high of $387.19.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). The firm had revenue of $548.40 million for the quarter, compared to the consensus estimate 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 prior year, the firm earned $0.86 EPS. As a group, equities research analysts expect that MongoDB, Inc. will post -1.78 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC boosted its position in shares of MongoDB by 3.9% in the fourth quarter. OneDigital Investment Advisors LLC now owns 1,044 shares of the company’s stock valued at $243,000 after acquiring an additional 39 shares during the period. Hilltop National Bank raised its stake in MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after purchasing an additional 42 shares in the last quarter. Avestar Capital LLC boosted its holdings in MongoDB by 2.0% in the 4th quarter. Avestar Capital LLC now owns 2,165 shares of the company’s stock valued at $504,000 after purchasing an additional 42 shares during the period. Aigen Investment Management LP grew its position in shares of MongoDB by 1.4% during the 4th quarter. Aigen Investment Management LP now owns 3,921 shares of the company’s stock worth $913,000 after purchasing an additional 55 shares in the last quarter. Finally, Perigon Wealth Management LLC increased its holdings in shares of MongoDB by 2.7% during the fourth quarter. Perigon Wealth Management LLC now owns 2,528 shares of the company’s stock worth $627,000 after purchasing an additional 66 shares during the period. Institutional investors own 89.29% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Tigress Financial lifted their price objective on shares of MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Stifel Nicolaus decreased their price target on shares of MongoDB from $425.00 to $340.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Daiwa America upgraded shares of MongoDB to a “strong-buy” rating in a research report on Tuesday, April 1st. DA Davidson lifted their target price on MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Needham & Company LLC lowered their price target on MongoDB from $415.00 to $270.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Seven analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $312.84.

Read Our Latest Stock Analysis on MDB

About MongoDB

(Get Free Report)

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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