MongoDB, Inc. (NASDAQ:MDB - Get Free Report) CAO Thomas Bull sold 169 shares of MongoDB stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $39,561.21. Following the transaction, the chief accounting officer now owns 14,899 shares in the company, valued at $3,487,706.91. This represents a 1.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Thomas Bull also recently made the following trade(s):
- On Monday, December 9th, Thomas Bull sold 1,000 shares of MongoDB stock. The shares were sold at an average price of $355.92, for a total value of $355,920.00.
MongoDB Price Performance
Shares of NASDAQ MDB traded up $6.47 during trading hours on Monday, hitting $252.86. 1,941,689 shares of the company's stock were exchanged, compared to its average volume of 2,023,850. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62. The stock has a market capitalization of $18.83 billion, a price-to-earnings ratio of -92.28 and a beta of 1.25. The company's 50-day moving average price is $284.11 and its 200-day moving average price is $269.17.
MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.68 by $0.48. The firm had revenue of $529.40 million during the quarter, compared to analysts' expectations of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company's revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.96 EPS. On average, research analysts expect that MongoDB, Inc. will post -1.86 earnings per share for the current year.
Hedge Funds Weigh In On MongoDB
Several large investors have recently added to or reduced their stakes in MDB. TD Asset Management Inc raised its holdings in MongoDB by 13.1% in the 2nd quarter. TD Asset Management Inc now owns 108,206 shares of the company's stock valued at $27,047,000 after acquiring an additional 12,554 shares in the last quarter. Arizona State Retirement System raised its holdings in MongoDB by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 19,981 shares of the company's stock valued at $4,994,000 after acquiring an additional 129 shares in the last quarter. Private Advisor Group LLC raised its holdings in MongoDB by 167.4% in the 2nd quarter. Private Advisor Group LLC now owns 6,324 shares of the company's stock valued at $1,581,000 after acquiring an additional 3,959 shares in the last quarter. Asset Dedication LLC bought a new stake in shares of MongoDB in the 2nd quarter valued at approximately $41,000. Finally, Acadian Asset Management LLC grew its stake in shares of MongoDB by 1,677.3% in the 2nd quarter. Acadian Asset Management LLC now owns 3,679 shares of the company's stock valued at $916,000 after purchasing an additional 3,472 shares during the period. Institutional investors and hedge funds own 89.29% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on MDB shares. Oppenheimer lifted their price target on MongoDB from $350.00 to $400.00 and gave the company an "outperform" rating in a report on Tuesday, December 10th. Loop Capital boosted their target price on MongoDB from $315.00 to $400.00 and gave the company a "buy" rating in a research note on Monday, December 2nd. DA Davidson boosted their target price on MongoDB from $340.00 to $405.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Guggenheim upgraded MongoDB from a "neutral" rating to a "buy" rating and set a $300.00 target price on the stock in a research note on Monday. Finally, Scotiabank boosted their target price on MongoDB from $295.00 to $350.00 and gave the company a "sector perform" rating in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $367.14.
Check Out Our Latest Analysis 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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