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MongoDB, Inc. (NASDAQ:MDB – Get Rating) CTO Mark Porter sold 2,669 shares of the company’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $381.12, for a total value of $1,017,209.28. Following the sale, the chief technology officer now owns 37,667 shares of the company’s stock, valued at approximately $14,355,647.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Mark Porter also recently made the following trade(s):
- On Tuesday, May 9th, Mark Porter sold 2,673 shares of MongoDB stock. The stock was sold at an average price of $250.00, for a total value of $668,250.00.
- On Monday, April 3rd, Mark Porter sold 1,900 shares of MongoDB stock. The shares were sold at an average price of $226.17, for a total value of $429,723.00.
MongoDB Trading Down 0.2 %
NASDAQ:MDB opened at $387.62 on Wednesday. The company has a quick ratio of 3.80, a current ratio of 4.19 and a debt-to-equity ratio of 1.44. The stock’s fifty day moving average price is $250.84 and its two-hundred day moving average price is $216.79. MongoDB, Inc. has a 52-week low of $135.15 and a 52-week high of $398.89.
MongoDB (NASDAQ:MDB – Get Rating) last posted its quarterly earnings results on Thursday, June 1st. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.38. The business had revenue of $368.28 million for the quarter, compared to analysts’ expectations of $347.77 million. MongoDB had a negative return on equity of 43.25% and a negative net margin of 23.58%. The firm’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same quarter last year, the business earned ($1.15) earnings per share. On average, research analysts forecast that MongoDB, Inc. will post -4.04 EPS for the current year.
Analyst Upgrades and Downgrades
MDB has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their target price on shares of MongoDB from $280.00 to $420.00 in a report on Friday, June 2nd. Royal Bank of Canada boosted their price objective on MongoDB from $235.00 to $400.00 in a research report on Friday, June 2nd. Oppenheimer increased their target price on MongoDB from $270.00 to $430.00 in a research note on Friday, June 2nd. William Blair reaffirmed an “outperform” rating on shares of MongoDB in a research report on Friday, June 2nd. Finally, Needham & Company LLC increased their price objective on MongoDB from $250.00 to $430.00 in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus target price of $328.35.
Hedge Funds Weigh In On MongoDB
Several large investors have recently bought and sold shares of the business. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of MongoDB by 2.5% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 11,467 shares of the company’s stock valued at $2,256,000 after purchasing an additional 277 shares during the period. Lindbrook Capital LLC boosted its holdings in MongoDB by 350.0% during the fourth quarter. Lindbrook Capital LLC now owns 171 shares of the company’s stock worth $34,000 after buying an additional 133 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of MongoDB by 12.3% during the 4th quarter. Principal Financial Group Inc. now owns 8,452 shares of the company’s stock worth $1,664,000 after buying an additional 924 shares during the period. Oppenheimer & Co. Inc. increased its stake in shares of MongoDB by 14.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 4,672 shares of the company’s stock valued at $927,000 after acquiring an additional 602 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of MongoDB by 30.6% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 11,063 shares of the company’s stock valued at $2,179,000 after acquiring an additional 2,591 shares during the last quarter. 84.86% of the stock is currently owned by institutional investors and hedge funds.
MongoDB Company Profile
MongoDB, Inc engages in the development and provision of a general-purpose database platform. The firm’s products include MongoDB Enterprise Advanced, MongoDB Atlas and Community Server. It also offers professional services including consulting and training. The company was founded by Eliot Horowitz, Dwight A.
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Article originally posted on mongodb google news. Visit mongodb google news