MongoDB, Inc. (NASDAQ:MDB - Get Free Report) insider Cedric Pech sold 287 shares of MongoDB stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $67,183.83. Following the completion of the sale, the insider now directly owns 24,390 shares of the company's stock, valued at $5,709,455.10. The trade was a 1.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
MongoDB Stock Performance
MDB stock traded up $6.47 during midday trading on Monday, reaching $252.86. 1,941,689 shares of the company traded hands, compared to its average volume of 2,023,850. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $509.62. The business has a 50 day moving average of $284.11 and a 200-day moving average of $269.17. The firm has a market capitalization of $18.83 billion, a price-to-earnings ratio of -92.28 and a beta of 1.25.
MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.48. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. During the same period in the prior year, the business posted $0.96 earnings per share. The company's quarterly revenue was up 22.3% compared to the same quarter last year. Research analysts anticipate that MongoDB, Inc. will post -1.86 earnings per share for the current year.
Analyst Ratings Changes
MDB has been the subject of several recent research reports. Needham & Company LLC boosted their price target on MongoDB from $335.00 to $415.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. DA Davidson boosted their price target on MongoDB from $340.00 to $405.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Citigroup boosted their price target on MongoDB from $400.00 to $430.00 and gave the company a "buy" rating in a report on Monday, December 16th. Wells Fargo & Company boosted their price target on MongoDB from $350.00 to $425.00 and gave the company an "overweight" rating in a report on Tuesday, December 10th. Finally, Canaccord Genuity Group boosted their price target on MongoDB from $325.00 to $385.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $367.14.
View Our Latest Research Report on MongoDB
Institutional Investors Weigh In On MongoDB
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jennison Associates LLC raised its position in MongoDB by 23.6% during the third quarter. Jennison Associates LLC now owns 3,102,024 shares of the company's stock valued at $838,632,000 after purchasing an additional 592,038 shares during the period. Geode Capital Management LLC grew its stake in shares of MongoDB by 2.9% during the third 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 last quarter. Westfield Capital Management Co. LP grew its stake in shares of MongoDB by 1.5% during the third quarter. Westfield Capital Management Co. LP now owns 496,248 shares of the company's stock valued at $134,161,000 after buying an additional 7,526 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of MongoDB by 1,098.1% during the second quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company's stock valued at $106,084,000 after buying an additional 388,979 shares during the last quarter. Finally, Holocene Advisors LP grew its stake in shares of MongoDB by 22.6% during the third quarter. Holocene Advisors LP now owns 362,603 shares of the company's stock valued at $98,030,000 after buying an additional 66,730 shares during the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.
About MongoDB
(
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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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