MongoDB, Inc. (NASDAQ:MDB - Get Free Report) CFO Srdjan Tanjga sold 525 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $90,961.50. Following the completion of the transaction, the chief financial officer now owns 6,406 shares in the company, valued at $1,109,903.56. The trade was a 7.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
MongoDB Trading Up 2.2 %
Shares of NASDAQ MDB traded up $3.14 during trading hours on Wednesday, reaching $148.99. The stock had a trading volume of 655,210 shares, compared to its average volume of 2,179,992. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week 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. The business's fifty day moving average price is $228.92 and its two-hundred day moving average price is $259.09.
MongoDB (NASDAQ:MDB - Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.45). The firm had revenue of $548.40 million during the quarter, compared to analysts' expectations 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 in the prior year, the company posted $0.86 earnings per share. Equities research analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group reduced their price objective on shares of MongoDB from $390.00 to $335.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. Daiwa Capital Markets assumed coverage on shares of MongoDB in a research note on Tuesday, April 1st. They issued an "outperform" rating and a $202.00 price target on the stock. Scotiabank reissued a "sector perform" rating and set a $240.00 price objective (down previously from $275.00) on shares of MongoDB in a report on Wednesday, March 5th. Stifel Nicolaus reduced their target price on MongoDB from $425.00 to $340.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. Finally, Monness Crespi & Hardt raised MongoDB from a "sell" rating to a "neutral" rating in a research note on Monday, March 3rd. 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 stock. According to data from MarketBeat, MongoDB currently has an average rating of "Moderate Buy" and a consensus price target of $312.84.
Read Our Latest Analysis on MDB
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the business. B.O.S.S. Retirement Advisors LLC bought a new position in shares of MongoDB during the fourth quarter valued at approximately $606,000. Geode Capital Management LLC lifted its holdings in MongoDB by 2.9% during the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company's stock worth $331,776,000 after buying an additional 34,814 shares during the period. Union Bancaire Privee UBP SA bought a new stake in MongoDB during the 4th quarter valued at $3,515,000. Nisa Investment Advisors LLC increased its holdings in shares of MongoDB by 428.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,755 shares of the company's stock valued at $1,340,000 after acquiring an additional 4,665 shares during the period. Finally, HighTower Advisors LLC raised its position in shares of MongoDB by 2.0% in the 4th quarter. HighTower Advisors LLC now owns 18,773 shares of the company's stock worth $4,371,000 after acquiring an additional 372 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company's stock.
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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