MongoDB, Inc. (NASDAQ:MDB - Get Free Report) Director Dwight A. Merriman sold 922 shares of the business's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $279.09, for a total value of $257,320.98. Following the completion of the sale, the director now directly owns 84,730 shares in the company, valued at approximately $23,647,295.70. This represents a 1.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
MongoDB Price Performance
Shares of MongoDB stock traded down $3.34 during trading on Friday, hitting $289.63. 1,247,880 shares of the stock were exchanged, compared to its average volume of 1,481,443. The firm's 50-day moving average price is $263.74 and its 200 day moving average price is $271.57. MongoDB, Inc. has a 12-month low of $212.74 and a 12-month high of $488.00. The stock has a market cap of $21.57 billion, a price-to-earnings ratio of -105.70 and a beta of 1.28.
MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. During the same period last year, the business earned $0.96 EPS. MongoDB's revenue for the quarter was up 22.3% compared to the same quarter last year. As a group, research analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current year.
Institutional Trading of MongoDB
A number of institutional investors have recently added to or reduced their stakes in the stock. B.O.S.S. Retirement Advisors LLC bought a new position in MongoDB during the 4th quarter valued at $606,000. Aigen Investment Management LP acquired a new position in MongoDB during the 3rd quarter valued at about $1,045,000. Geode Capital Management LLC increased its stake in MongoDB by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company's stock valued at $331,776,000 after buying an additional 34,814 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of MongoDB during the 3rd quarter valued at about $4,366,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of MongoDB by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company's stock valued at $75,271,000 after purchasing an additional 7,575 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on MDB. Piper Sandler reiterated an "overweight" rating and issued a $425.00 price objective on shares of MongoDB in a report on Tuesday, December 10th. Wells Fargo & Company upped their price target on MongoDB from $350.00 to $425.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 10th. Tigress Financial increased their price objective on MongoDB from $400.00 to $430.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Guggenheim upgraded shares of MongoDB from a "neutral" rating to a "buy" rating and set a $300.00 target price for the company in a report on Monday, January 6th. Finally, Truist Financial restated a "buy" rating and set a $400.00 target price (up previously from $320.00) on shares of MongoDB in a research note on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $361.00.
View Our Latest Stock Report on MDB
MongoDB Company Profile
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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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