MongoDB, Inc. (NASDAQ:MDB - Get Free Report) Director Dwight A. Merriman sold 2,000 shares of the company's stock in a transaction on Monday, April 8th. The stock was sold at an average price of $365.00, for a total value of $730,000.00. Following the completion of the sale, the director now directly owns 1,154,784 shares in the company, valued at $421,496,160. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
MongoDB Trading Up 1.4 %
Shares of NASDAQ MDB traded up $4.76 during trading hours on Thursday, hitting $356.04. 808,851 shares of the company traded hands, compared to its average volume of 1,400,210. The stock has a market capitalization of $25.93 billion, a price-to-earnings ratio of -143.56 and a beta of 1.19. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 1.07. The company's 50 day moving average price is $404.71 and its 200 day moving average price is $389.71. MongoDB, Inc. has a 12 month low of $212.52 and a 12 month high of $509.62.
MongoDB (NASDAQ:MDB - Get Free Report) last released its earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing the consensus estimate of ($0.71) by ($0.32). MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. The company had revenue of $458.00 million for the quarter, compared to the consensus estimate of $431.99 million. On average, equities research analysts anticipate that MongoDB, Inc. will post -2.53 earnings per share for the current fiscal year.
Hedge Funds Weigh In On MongoDB
A number of large investors have recently bought and sold shares of MDB. Transcendent Capital Group LLC purchased a new stake in shares of MongoDB in the 4th quarter worth $25,000. KB Financial Partners LLC purchased a new stake in shares of MongoDB in the 2nd quarter worth $27,000. Bessemer Group Inc. purchased a new stake in shares of MongoDB in the 4th quarter worth $29,000. BluePath Capital Management LLC purchased a new stake in shares of MongoDB in the 3rd quarter worth $30,000. Finally, Blue Trust Inc. lifted its holdings in shares of MongoDB by 937.5% in the 4th quarter. Blue Trust Inc. now owns 83 shares of the company's stock worth $34,000 after buying an additional 75 shares during the period. Hedge funds and other institutional investors own 89.29% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on MDB shares. Guggenheim increased their target price on MongoDB from $250.00 to $272.00 and gave the stock a "sell" rating in a research note on Monday, March 4th. Stifel Nicolaus reaffirmed a "buy" rating and set a $435.00 price target on shares of MongoDB in a report on Thursday, March 14th. DA Davidson raised MongoDB from a "neutral" rating to a "buy" rating and upped their price target for the company from $405.00 to $430.00 in a report on Friday, March 8th. Citigroup upped their price target on MongoDB from $515.00 to $550.00 and gave the company a "buy" rating in a report on Wednesday, March 6th. Finally, Truist Financial upped their price target on MongoDB from $440.00 to $500.00 and gave the company a "buy" rating in a report on Tuesday, February 20th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $448.74.
Check Out Our Latest Analysis 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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