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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) CRO Cedric Pech sold 1,248 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $400.00, for a total transaction of $499,200.00. Following the completion of the transaction, the executive now owns 25,425 shares of the company’s stock, valued at $10,170,000. The sale was disclosed in a legal filing with the SEC, which is available at this link.
MongoDB Trading Down 2.0 %
Shares of MongoDB stock traded down $8.20 on Thursday, hitting $392.18. 1,244,360 shares of the company’s stock traded hands, compared to its average volume of 1,411,478. The company has a market capitalization of $28.31 billion, a price-to-earnings ratio of -148.55 and a beta of 1.23. The company has a fifty day moving average of $399.75 and a two-hundred day moving average of $380.83. The company has a debt-to-equity ratio of 1.18, a current ratio of 4.74 and a quick ratio of 4.74. MongoDB, Inc. has a one year low of $179.52 and a one year high of $442.84.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings results on Tuesday, December 5th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.45. The firm had revenue of $432.94 million for the quarter, compared to analysts’ expectations of $406.33 million. MongoDB had a negative return on equity of 20.64% and a negative net margin of 11.70%. The company’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.23) EPS. As a group, sell-side analysts expect that MongoDB, Inc. will post -1.64 earnings per share for the current year.
Institutional Investors Weigh In On MongoDB
A number of large investors have recently bought and sold shares of MDB. Simplicity Solutions LLC raised its holdings in shares of MongoDB by 2.2% during the second quarter. Simplicity Solutions LLC now owns 1,169 shares of the company’s stock valued at $480,000 after purchasing an additional 25 shares during the period. AJ Wealth Strategies LLC raised its stake in MongoDB by 1.2% during the 2nd quarter. AJ Wealth Strategies LLC now owns 2,390 shares of the company’s stock worth $982,000 after buying an additional 28 shares during the period. Insigneo Advisory Services LLC raised its stake in MongoDB by 2.9% during the 3rd quarter. Insigneo Advisory Services LLC now owns 1,070 shares of the company’s stock worth $370,000 after buying an additional 30 shares during the period. Assenagon Asset Management S.A. grew its stake in MongoDB by 1.4% in the second quarter. Assenagon Asset Management S.A. now owns 2,239 shares of the company’s stock valued at $920,000 after acquiring an additional 32 shares during the period. Finally, Veritable L.P. increased its holdings in shares of MongoDB by 1.4% during the second quarter. Veritable L.P. now owns 2,321 shares of the company’s stock valued at $954,000 after acquiring an additional 33 shares in the last quarter. 88.89% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. KeyCorp reduced their target price on MongoDB from $495.00 to $440.00 and set an “overweight” rating on the stock in a report on Monday, October 23rd. Truist Financial restated a “buy” rating and set a $430.00 price objective on shares of MongoDB in a research report on Monday, November 13th. Scotiabank began coverage on MongoDB in a research note on Tuesday, October 10th. They set a “sector perform” rating and a $335.00 target price for the company. Tigress Financial increased their target price on shares of MongoDB from $490.00 to $495.00 and gave the stock a “buy” rating in a report on Friday, October 6th. Finally, Bank of America initiated coverage on shares of MongoDB in a research report on Thursday, October 12th. They set a “buy” rating and a $450.00 price objective for the company. One investment 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.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $430.41.
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.
Further Reading
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