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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) CAO Thomas Bull sold 359 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $404.38, for a total transaction of $145,172.42. Following the completion of the transaction, the chief accounting officer now directly owns 16,313 shares of the company’s stock, valued at $6,596,650.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
MongoDB Stock Down 2.8 %
Shares of NASDAQ MDB traded down $10.57 during mid-day trading on Thursday, reaching $362.41. 2,053,245 shares of the company’s stock traded hands, compared to its average volume of 1,839,549. 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 1-year low of $164.59 and a 1-year high of $442.84. The stock has a market cap of $26.16 billion, a P/E ratio of -138.58 and a beta of 1.23. The business has a 50-day simple moving average of $391.07 and a 200 day simple moving average of $381.05.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings data on Tuesday, December 5th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.45. MongoDB had a negative return on equity of 20.64% and a negative net margin of 11.70%. The firm had revenue of $432.94 million during the quarter, compared to analyst estimates of $406.33 million. During the same period in the previous year, the company posted ($1.23) EPS. The company’s revenue for the quarter was up 29.8% on a year-over-year basis. On average, analysts expect that MongoDB, Inc. will post -1.64 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the stock. TheStreet upgraded shares of MongoDB from a “d+” rating to a “c-” rating in a research note on Friday, December 1st. Barclays upped their price objective on shares of MongoDB from $470.00 to $478.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 6th. Royal Bank of Canada boosted their target price on shares of MongoDB from $445.00 to $475.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 6th. Scotiabank started coverage on MongoDB in a research note on Tuesday, October 10th. They issued a “sector perform” rating and a $335.00 price target for the company. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $450.00 target price on shares of MongoDB in a report on Monday, December 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and an average target price of $430.41.
Get Our Latest Stock Analysis on MDB
Hedge Funds Weigh In On MongoDB
Hedge funds have recently bought and sold shares of the company. GPS Wealth Strategies Group LLC bought a new stake in MongoDB during the second quarter worth $26,000. KB Financial Partners LLC bought a new stake in shares of MongoDB during the 2nd quarter worth $27,000. Capital Advisors Ltd. LLC boosted its holdings in shares of MongoDB by 131.0% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 67 shares of the company’s stock worth $28,000 after buying an additional 38 shares during the last quarter. Bessemer Group Inc. bought a new position in MongoDB during the fourth quarter valued at about $29,000. Finally, BluePath Capital Management LLC purchased a new stake in MongoDB during the third quarter worth about $30,000. 88.89% of the stock is 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