MongoDB, Inc. (NASDAQ:MDB - Get Free Report) CAO Thomas Bull sold 301 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total transaction of $52,148.25. Following the completion of the transaction, the chief accounting officer now owns 14,598 shares of the company's stock, valued at $2,529,103.50. This represents a 2.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
MongoDB Stock Performance
Shares of MongoDB stock traded up $3.14 during trading on Wednesday, reaching $148.99. The company's stock had a trading volume of 655,210 shares, compared to its average volume of 2,179,992. The business's fifty day moving average price is $228.92 and its 200-day moving average price is $259.09. MongoDB, Inc. has a one year low of $140.78 and a one year high of $387.19. The firm has a market cap of $12.10 billion, a price-to-earnings ratio of -54.38 and a beta of 1.49.
MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.64 by ($0.45). The business had revenue of $548.40 million for the quarter, compared to analyst estimates of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same quarter last year, the firm earned $0.86 earnings per share. Sell-side analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current year.
Institutional Investors Weigh In On MongoDB
Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of MongoDB by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 7,328,745 shares of the company's stock worth $1,706,205,000 after acquiring an additional 23,942 shares during the period. Franklin Resources Inc. lifted its position in MongoDB by 9.7% in the fourth quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company's stock worth $478,398,000 after purchasing an additional 181,962 shares during the period. Geode Capital Management LLC increased its holdings in MongoDB by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 1,252,142 shares of the company's stock valued at $290,987,000 after buying an additional 22,106 shares during the period. First Trust Advisors LP raised its stake in shares of MongoDB by 12.6% in the 4th quarter. First Trust Advisors LP now owns 854,906 shares of the company's stock valued at $199,031,000 after buying an additional 95,893 shares in the last quarter. Finally, Norges Bank bought a new position in shares of MongoDB during the 4th quarter worth about $189,584,000. 89.29% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research analysts have recently issued reports on MDB shares. Daiwa Capital Markets assumed coverage on shares of MongoDB in a report on Tuesday, April 1st. They issued an "outperform" rating and a $202.00 price objective for the company. JMP Securities restated a "market outperform" rating and set a $380.00 price target on shares of MongoDB in a report on Wednesday, December 11th. Canaccord Genuity Group decreased their price objective on shares of MongoDB from $385.00 to $320.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. Barclays cut their target price on shares of MongoDB from $330.00 to $280.00 and set an "overweight" rating on the stock in a research note on Thursday, March 6th. Finally, Morgan Stanley decreased their target price on MongoDB from $350.00 to $315.00 and set an "overweight" rating for the company in a research report on Thursday, March 6th. Seven research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $312.84.
Check Out Our Latest Stock Report on MDB
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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