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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) reached a new 52-week low during mid-day trading on Monday after an insider sold shares in the company. The stock traded as low as $140.78 and last traded at $141.13, with a volume of 442325 shares. The stock had previously closed at $154.39.
Specifically, CFO Srdjan Tanjga sold 525 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $90,961.50. Following the completion of the sale, the chief financial officer now owns 6,406 shares in the company, valued at $1,109,903.56. The trade was a 7.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Cedric Pech sold 1,690 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total value of $292,809.40. Following the completion of the transaction, the insider now owns 57,634 shares in the company, valued at approximately $9,985,666.84. This represents a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In other MongoDB news, CAO Thomas Bull sold 301 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total transaction of $52,148.25. Following the transaction, the chief accounting officer now owns 14,598 shares in the company, valued at approximately $2,529,103.50. This represents a 2.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on MDB shares. Monness Crespi & Hardt raised shares of MongoDB from a “sell” rating to a “neutral” rating in a research report on Monday, March 3rd. Mizuho increased their price objective on MongoDB from $275.00 to $320.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. The Goldman Sachs Group dropped their target price on MongoDB from $390.00 to $335.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. Loop Capital decreased their price target on MongoDB from $400.00 to $350.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Finally, Stifel Nicolaus dropped their price objective on MongoDB from $425.00 to $340.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Seven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $312.84.
Get Our Latest Report on MongoDB
MongoDB Trading Up 17.5 %
The company has a market capitalization of $13.91 billion, a P/E ratio of -62.53 and a beta of 1.49. The company’s fifty day moving average is $224.89 and its 200 day moving average is $257.73.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. During the same period in the previous year, the business earned $0.86 earnings per share. Equities research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in MDB. Strategic Investment Solutions Inc. IL bought a new stake in MongoDB during the fourth quarter valued at $29,000. Hilltop National Bank boosted its position in shares of MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after acquiring an additional 42 shares during the last quarter. Continuum Advisory LLC boosted its position in shares of MongoDB by 621.1% during the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after acquiring an additional 118 shares during the last quarter. NCP Inc. purchased a new position in shares of MongoDB during the fourth quarter worth about $35,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of MongoDB in the third quarter worth approximately $44,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.
MongoDB Company Profile
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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Article originally posted on mongodb google news. Visit mongodb google news