MongoDB, Inc. (NASDAQ:MDB - Get Free Report) CEO Dev Ittycheria sold 3,747 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $206.05, for a total value of $772,069.35. Following the sale, the chief executive officer owned 253,227 shares of the company's stock, valued at approximately $52,177,423.35. This trade represents a 1.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Dev Ittycheria also recently made the following trade(s):
- On Thursday, June 5th, Dev Ittycheria sold 25,005 shares of MongoDB stock. The stock was sold at an average price of $234.00, for a total value of $5,851,170.00.
MongoDB Trading Up 3.9%
Shares of MongoDB stock traded up $8.22 on Wednesday, reaching $217.12. 3,143,044 shares of the company were exchanged, compared to its average volume of 1,969,432. The firm has a market capitalization of $17.74 billion, a price-to-earnings ratio of -190.46 and a beta of 1.41. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $370.00. The stock has a fifty day moving average price of $197.71 and a 200-day moving average price of $214.60.
MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.35. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%. The firm had revenue of $549.01 million for the quarter, compared to analyst estimates of $527.49 million. During the same period in the previous year, the firm earned $0.51 earnings per share. MongoDB's quarterly revenue was up 21.8% on a year-over-year basis. On average, equities analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in MDB. US Bancorp DE increased its holdings in shares of MongoDB by 8.3% during the 4th quarter. US Bancorp DE now owns 4,190 shares of the company's stock valued at $975,000 after acquiring an additional 321 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of MongoDB by 56.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 370 shares of the company's stock valued at $87,000 after acquiring an additional 134 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in MongoDB by 68.0% during the 4th quarter. Jones Financial Companies Lllp now owns 1,020 shares of the company's stock valued at $237,000 after purchasing an additional 413 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in MongoDB by 12.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,168 shares of the company's stock valued at $272,000 after purchasing an additional 133 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in MongoDB by 6.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 295,213 shares of the company's stock valued at $68,729,000 after purchasing an additional 16,794 shares during the period. Institutional investors and hedge funds own 89.29% of the company's stock.
Analyst Ratings Changes
Several analysts recently issued reports on MDB shares. Royal Bank Of Canada reissued an "outperform" rating and issued a $320.00 price target on shares of MongoDB in a report on Thursday, June 5th. Piper Sandler lifted their target price on MongoDB from $200.00 to $275.00 and gave the company an "overweight" rating in a research note on Thursday, June 5th. Citigroup cut their target price on MongoDB from $430.00 to $330.00 and set a "buy" rating on the stock in a research note on Tuesday, April 1st. Rosenblatt Securities cut their target price on MongoDB from $305.00 to $290.00 and set a "buy" rating on the stock in a research note on Thursday, June 5th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $345.00 target price on shares of MongoDB in a research note on Thursday, June 5th. Eight analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, MongoDB has an average rating of "Moderate Buy" and a consensus price target of $282.39.
View Our Latest 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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