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Thomas Bull Sells 359 Shares of MongoDB, Inc. (NASDAQ:MDB) Stock – MarketBeat

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Posted on mongodb google news. Visit mongodb google news

MongoDB logo with Computer and Technology background

MongoDB, Inc. (NASDAQ:MDBGet 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:MDBGet 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

(Get Free Report)

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.

Read More

Insider Buying and Selling by Quarter for MongoDB (NASDAQ:MDB)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to

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

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