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MongoDB, Inc. (NASDAQ:MDB – Get Rating) Director Dwight A. Merriman sold 14,000 shares of the firm’s stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $263.69, for a total transaction of $3,691,660.00. Following the transaction, the director now owns 1,323,542 shares of the company’s stock, valued at $349,004,789.98. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of MDB stock opened at $315.48 on Friday. The stock has a market cap of $21.49 billion, a price-to-earnings ratio of -65.18 and a beta of 0.91. 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, Inc. has a fifty-two week low of $213.39 and a fifty-two week high of $590.00. The firm’s 50 day moving average price is $272.16 and its two-hundred day moving average price is $361.67.

MongoDB (NASDAQ:MDB – Get Rating) last announced its quarterly earnings results on Wednesday, June 1st. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of ($1.34) by $1.54. The firm had revenue of $285.45 million for the quarter, compared to analysts’ expectations of $267.10 million. MongoDB had a negative net margin of 32.75% and a negative return on equity of 45.56%. MongoDB’s revenue was up 57.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.98) earnings per share. On average, equities analysts forecast that MongoDB, Inc. will post -5.09 EPS for the current fiscal year.

MDB has been the subject of several recent research reports. Barclays raised their target price on shares of MongoDB from $330.00 to $338.00 and gave the company an “overweight” rating in a report on Thursday, June 2nd. Mizuho lowered their price target on shares of MongoDB from $325.00 to $270.00 and set a “neutral” rating for the company in a report on Wednesday, May 18th. Credit Suisse Group lowered their price target 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. Stifel Nicolaus lowered their price target on shares of MongoDB from $425.00 to $340.00 in a report on Thursday, June 2nd. Finally, Oppenheimer lowered their price target 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. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $406.82.

Several institutional investors and hedge funds have recently bought and sold shares of MDB. Captrust Financial Advisors raised its stake in shares of MongoDB by 997.0% during the third quarter. Captrust Financial Advisors now owns 362 shares of the company’s stock valued at $171,000 after purchasing an additional 329 shares during the period. American International Group Inc. raised its stake in shares of MongoDB by 8.9% during the third quarter. American International Group Inc. now owns 1,218 shares of the company’s stock valued at $574,000 after purchasing an additional 100 shares during the period. Moors & Cabot Inc. purchased a new stake in shares of MongoDB during the third quarter valued at approximately $225,000. State of Alaska Department of Revenue increased its stake in shares of MongoDB by 25.4% in the fourth quarter. State of Alaska Department of Revenue now owns 3,195 shares of the company’s stock worth $1,691,000 after buying an additional 648 shares during the last quarter. Finally, Diversified Trust Co bought a new stake in shares of MongoDB in the fourth quarter worth $283,000. Institutional investors own 88.70% of the company’s stock.

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.

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Article originally posted on mongodb google news. Visit mongodb google news