MongoDB, Inc. (NASDAQ:MDB - Get Free Report) CEO Dev Ittycheria sold 3,747 shares of the firm's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $206.05, for a total value of $772,069.35. Following the transaction, the chief executive officer directly owned 253,227 shares of the company's stock, valued at approximately $52,177,423.35. This represents a 1.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
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 Down 3.6%
Shares of MongoDB stock traded down $7.85 during trading on Thursday, hitting $209.27. The stock had a trading volume of 2,928,164 shares, compared to its average volume of 1,973,239. The firm has a market cap of $17.10 billion, a price-to-earnings ratio of -183.57 and a beta of 1.41. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $370.00. The business's 50-day moving average is $197.71 and its 200 day moving average is $214.60.
MongoDB (NASDAQ:MDB - Get Free Report) last announced its earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.35. MongoDB had a negative net margin of 4.09% and a negative return on equity of 3.16%. The company had revenue of $549.01 million during the quarter, compared to analyst estimates of $527.49 million. During the same period in the previous year, the business earned $0.51 earnings per share. The firm's quarterly revenue was up 21.8% compared to the same quarter last year. As a group, equities analysts expect that MongoDB, Inc. will post -1.78 EPS for the current year.
Analyst Ratings Changes
Several research analysts have recently weighed in on MDB shares. JMP Securities reissued a "market outperform" rating and issued a $345.00 price objective on shares of MongoDB in a research report on Thursday, June 5th. William Blair reissued an "outperform" rating on shares of MongoDB in a research report on Thursday, June 26th. Barclays raised their target price on MongoDB from $252.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, June 5th. Needham & Company LLC restated a "buy" rating and issued a $270.00 target price on shares of MongoDB in a research note on Thursday, June 5th. Finally, Cantor Fitzgerald raised their target price on MongoDB from $252.00 to $271.00 and gave the company an "overweight" rating in a research note on Thursday, June 5th. Eight equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $282.39.
Get Our Latest Stock Report on MDB
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in MDB. Vanguard Group Inc. boosted its position in MongoDB by 6.6% during the first quarter. Vanguard Group Inc. now owns 7,809,768 shares of the company's stock valued at $1,369,833,000 after buying an additional 481,023 shares during the period. Franklin Resources Inc. boosted its position in MongoDB by 9.7% during the fourth quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company's stock valued at $478,398,000 after buying an additional 181,962 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in MongoDB by 11.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,271,444 shares of the company's stock valued at $223,011,000 after buying an additional 129,451 shares during the period. Geode Capital Management LLC boosted its position in MongoDB by 1.8% during the fourth 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. Finally, Amundi boosted its position in MongoDB by 53.0% during the first quarter. Amundi now owns 1,061,457 shares of the company's stock valued at $173,378,000 after buying an additional 367,717 shares during the period. 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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