MongoDB, Inc. (NASDAQ:MDB – Get Rating) Director Dwight A. Merriman sold 14,000 shares in a trade on Monday, May 2. The stock was sold at an average price of $349.22, for a total value of $4,889,080.00. Following the sale, the administrator now directly owns 1,323,384 shares of the company, valued at $462,152,160.48. The transaction was disclosed in a filing with the SEC, accessible via this link.
MongoDB shares opened at $360.56 on Thursday. The company has a debt ratio of 1.70, a quick ratio of 4.02 and a current ratio of 4.02. MongoDB, Inc. has a 52 week low of $238.01 and a 52 week high of $590.00. The stock has a 50-day moving average price of $382.73 and a two-hundred-day moving average price of $442.13. The stock has a market capitalization of $24.36 billion, a PE ratio of -76.07 and a beta of 0.98.
MongoDB (NASDAQ:MDB – Get Rating) last released its results on Tuesday, March 8. The company reported ($1.20) earnings per share for the quarter, beating the Zacks consensus estimate of ($1.25) by $0.05. MongoDB had a negative return on equity of 66.70% and a negative net margin of 35.12%. The company posted revenue of $266.50 million for the quarter, versus analyst estimates of $243.42 million. In the same quarter last year, the company made ($1.01) earnings per share. The company’s revenue for the quarter increased 55.8% year over year. Research analysts expect MongoDB, Inc. to post -5.48 EPS for the current year.
MDB has been the subject of several recent analyst reports. Royal Bank of Canada launched coverage on MongoDB in a research report on Tuesday, March 1. They set an “outperform” rating and a price target of $505.00 for the company. Needham & Company LLC lowered its price target on MongoDB from $626.00 to $362.00 and set a “buy” rating for the company in a Wednesday, March 9 research report. Stifel Nicolaus lowered his price target on MongoDB from $550.00 to $425.00 in a Wednesday, March 9 research report. Canaccord Genuity Group lowered its target price on MongoDB from $560.00 to $400.00 in a Wednesday, March 9 research report. Finally, Oppenheimer lowered his target price on MongoDB from $510.00 to $410.00 in a Wednesday, March 9 research report. One analyst rated the stock with a sell rating, one gave the stock a hold rating, and fifteen gave the stock a buy rating. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $496.72.
A number of institutional investors have recently changed their stock portfolios. Commerce Bank increased its stake in MongoDB by 1.7% during the fourth quarter. Commerce Bank now owns 1,413 shares of the company worth $747,000 after acquiring 24 additional shares during the period. Winch Advisory Services LLC increased its stake in MongoDB by 54.2% during the third quarter. Winch Advisory Services LLC now owns 74 shares of the company worth $35,000 after acquiring 26 additional shares during the period. Total Clarity Wealth Management Inc. increased its stake in MongoDB by 6.9% during the first quarter. Total Clarity Wealth Management Inc. now owns 465 shares of the company worth $206,000 after acquiring 30 additional shares during the period. Massachusetts Financial Services Co. MA increased its stake in MongoDB by 0.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,657 shares of the company worth $3,139,000 after acquiring 31 additional shares during the period. Finally, Profund Advisors LLC increased its stake in MongoDB by 5.2% during the fourth quarter. Profund Advisors LLC now owns 647 shares of the company worth $342,000 after acquiring 32 additional shares during the period. Institutional investors and hedge funds hold 88.70% of the company’s shares.
MongoDB Company Profile (Get a rating)
MongoDB, Inc provides a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database solution as a service; and Community Server, a free downloadable version of its database, which includes the features developers need to get started with MongoDB.
Get news and reviews for MongoDB Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for MongoDB and related companies with MarketBeat.com’s free daily email newsletter.