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MongoDB, Inc. (NASDAQ:MDB – Free Report) CAO Thomas Bull sold 516 shares of the stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $406.78, for a total transaction of $209,898.48. Following the transaction, the chief accounting officer now directly owns 17,190 shares in the company, valued at approximately $6,992,548.20. The transaction was disclosed in a filing with the SEC, which is available through this link.
MongoDB Trading Down 2.6 %
Shares of MDB stock opened at $388.62 on Friday. The company has a 50 day moving average of $329.63 and a 200-day moving average of $252.53. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 1.44. MongoDB, Inc. has a 12-month low of $135.15 and a 12-month high of $418.70. The firm has a market cap of $27.22 billion, a P/E ratio of -83.22 and a beta of 1.13.
MongoDB (NASDAQ:MDB – Free Report) last released its quarterly earnings data on Thursday, June 1st. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.38. MongoDB had a negative net margin of 23.58% and a negative return on equity of 43.25%. The business had revenue of $368.28 million during the quarter, compared to analyst estimates of $347.77 million. During the same period in the previous year, the business earned ($1.15) EPS. MongoDB’s revenue was up 29.0% compared to the same quarter last year. Sell-side analysts anticipate that MongoDB, Inc. will post -2.8 earnings per share for the current year.
Analysts Set New Price Targets
A number of research firms have recently issued reports on MDB. Truist Financial increased their price objective on shares of MongoDB from $365.00 to $420.00 in a research report on Friday, June 23rd. Stifel Nicolaus increased their price objective on shares of MongoDB from $375.00 to $420.00 in a research report on Friday, June 23rd. Barclays raised their price target on shares of MongoDB from $374.00 to $421.00 in a research report on Monday, June 26th. Robert W. Baird raised their price target on shares of MongoDB from $390.00 to $430.00 in a research report on Friday, June 23rd. Finally, VNET Group reaffirmed a “maintains” rating on shares of MongoDB in a research report on Monday, June 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus price target of $366.30.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of MDB. Raymond James & Associates grew its stake in MongoDB by 32.0% in the 1st quarter. Raymond James & Associates now owns 4,922 shares of the company’s stock valued at $2,183,000 after buying an additional 1,192 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of MongoDB by 19.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,282 shares of the company’s stock valued at $569,000 after purchasing an additional 206 shares in the last quarter. MetLife Investment Management LLC purchased a new position in shares of MongoDB during the 1st quarter valued at $1,823,000. Panagora Asset Management Inc. grew its position in shares of MongoDB by 9.8% during the 1st quarter. Panagora Asset Management Inc. now owns 1,977 shares of the company’s stock valued at $877,000 after purchasing an additional 176 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its position in shares of MongoDB by 100.3% during the 1st quarter. Vontobel Holding Ltd. now owns 2,873 shares of the company’s stock valued at $1,236,000 after purchasing an additional 1,439 shares in the last quarter. 89.22% of the stock is currently 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