MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 3,000 shares of the stock in a transaction on Wednesday, December 1st. The stock was sold at an average price of $487.81, for a total value of $1,463,430.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of MDB stock traded down $31.43 during midday trading on Friday, reaching $450.16. 1,751,600 shares of the stock were exchanged, compared to its average volume of 799,635. The firm has a market cap of $29.79 billion, a PE ratio of -94.13 and a beta of 0.64. MongoDB, Inc. has a 1 year low of $238.01 and a 1 year high of $590.00. The company has a current ratio of 5.74, a quick ratio of 5.74 and a debt-to-equity ratio of 1.69. The company's 50 day moving average is $508.64 and its two-hundred day moving average is $419.85.
MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Wednesday, September 1st. The company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.15. MongoDB had a negative return on equity of 239.38% and a negative net margin of 41.24%. The firm had revenue of $198.75 million during the quarter, compared to analyst estimates of $184.19 million. During the same period in the prior year, the business posted ($0.22) EPS. MongoDB's revenue was up 43.7% on a year-over-year basis. As a group, equities analysts expect that MongoDB, Inc. will post -4.72 EPS for the current fiscal year.
A number of equities analysts have issued reports on MDB shares. Oppenheimer raised their target price on MongoDB from $400.00 to $470.00 and gave the stock an "outperform" rating in a report on Friday, September 3rd. Morgan Stanley boosted their target price on MongoDB from $410.00 to $480.00 and gave the company an "overweight" rating in a research note on Friday, September 3rd. Mizuho boosted their price target on MongoDB from $410.00 to $475.00 and gave the stock a "neutral" rating in a research report on Monday, November 15th. They noted that the move was a valuation call. UBS Group boosted their target price on MongoDB from $300.00 to $450.00 and gave the stock a "neutral" rating in a report on Friday, September 3rd. Finally, Needham & Company LLC boosted their target price on MongoDB from $415.00 to $534.00 and gave the stock a "buy" rating in a report on Friday, September 3rd. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $489.65.
Several institutional investors have recently modified their holdings of MDB. Price T Rowe Associates Inc. MD lifted its stake in MongoDB by 191.2% in the second quarter. Price T Rowe Associates Inc. MD now owns 5,766,896 shares of the company's stock worth $2,084,848,000 after purchasing an additional 3,786,467 shares during the last quarter. Moors & Cabot Inc. purchased a new position in MongoDB in the third quarter worth $601,000. Vanguard Group Inc. lifted its stake in shares of MongoDB by 7.9% during the second quarter. Vanguard Group Inc. now owns 5,378,537 shares of the company's stock worth $1,944,448,000 after buying an additional 391,701 shares during the period. Growth Interface Management LLC acquired a new stake in shares of MongoDB during the third quarter worth $86,758,000. Finally, Caas Capital Management LP acquired a new stake in shares of MongoDB during the second quarter worth $65,542,000. Hedge funds and other institutional investors own 88.50% of the company's stock.
MongoDB Company Profile
MongoDB, Inc engages in the development and provision of a general purpose database platform. The firm's products include MongoDB Enterprise Advanced, MongoDB Atlas and Community Server. It also offers professional services including consulting and training. The company was founded by Eliot Horowitz, Dwight A.
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