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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) CRO Cedric Pech sold 16,143 shares of the firm’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $378.86, for a total value of $6,115,936.98. Following the transaction, the executive now owns 34,418 shares in the company, valued at approximately $13,039,603.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Cedric Pech also recently made the following trade(s):
- On Wednesday, July 5th, Cedric Pech sold 2,738 shares of MongoDB stock. The shares were sold at an average price of $406.18, for a total value of $1,112,120.84.
- On Monday, July 3rd, Cedric Pech sold 360 shares of MongoDB stock. The shares were sold at an average price of $406.79, for a total value of $146,444.40.
MongoDB Trading Up 4.5 %
Shares of NASDAQ:MDB opened at $394.28 on Tuesday. The company has a current ratio of 4.48, a quick ratio of 4.19 and a debt-to-equity ratio of 1.29. MongoDB, Inc. has a 12-month low of $135.15 and a 12-month high of $439.00. The company has a market capitalization of $27.83 billion, a PE ratio of -113.95 and a beta of 1.11. The business has a 50 day moving average of $388.52 and a two-hundred day moving average of $312.41.
Analysts Set New Price Targets
MDB has been the topic of several analyst reports. Truist Financial lifted their target price on MongoDB from $420.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, September 1st. Tigress Financial lifted their target price on MongoDB from $365.00 to $490.00 in a research note on Wednesday, June 28th. KeyCorp boosted their price target on MongoDB from $372.00 to $462.00 and gave the stock an “overweight” rating in a research note on Friday, July 21st. William Blair restated an “outperform” rating on shares of MongoDB in a research note on Friday, June 2nd. Finally, UBS Group boosted their price target on MongoDB from $425.00 to $465.00 and gave the stock a “buy” rating in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $418.08.
Get Our Latest Analysis on MongoDB
Institutional Trading of MongoDB
Several large investors have recently made changes to their positions in the company. Jennison Associates LLC grew its holdings in MongoDB by 101,056.3% in the 2nd quarter. Jennison Associates LLC now owns 1,988,733 shares of the company’s stock valued at $817,350,000 after buying an additional 1,986,767 shares in the last quarter. 1832 Asset Management L.P. grew its holdings in MongoDB by 3,283,771.0% in the 4th quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock valued at $200,383,000 after buying an additional 1,017,969 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in MongoDB by 13.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,593,996 shares of the company’s stock valued at $1,770,313,000 after buying an additional 897,911 shares in the last quarter. Renaissance Technologies LLC grew its holdings in MongoDB by 493.2% in the 4th quarter. Renaissance Technologies LLC now owns 918,200 shares of the company’s stock valued at $180,738,000 after buying an additional 763,400 shares in the last quarter. Finally, Norges Bank purchased a new stake in MongoDB in the 4th quarter valued at $147,735,000. 88.89% of the stock is currently owned by hedge funds and other institutional investors.
About MongoDB
MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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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Article originally posted on mongodb google news. Visit mongodb google news