MongoDB, Inc. (NASDAQ:MDB - Get Free Report) CAO Thomas Bull sold 170 shares of MongoDB stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total value of $59,180.40. Following the transaction, the chief accounting officer now owns 17,360 shares of the company's stock, valued at $6,043,363.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
MongoDB Trading Down 2.3 %
MongoDB stock opened at $339.82 on Thursday. MongoDB, Inc. has a 52 week low of $198.72 and a 52 week high of $509.62. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40. The stock has a fifty day moving average of $410.76 and a 200-day moving average of $389.60.
MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing analysts' consensus estimates of ($0.71) by ($0.32). The firm had revenue of $458.00 million for the quarter, compared to the consensus estimate of $431.99 million. MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. Equities research analysts forecast that MongoDB, Inc. will post -2.53 EPS for the current fiscal year.
Institutional Investors Weigh In On MongoDB
AI finds its first serious application
From Wall Street Star | Ad
AI has infiltrated so many sectors, it's sent the demand for AI-friendly GPU computer chips rocketing.
Nvidia has gone up more than 3x in the past year. It is now valued well over $2 trillion, making it one of the largest companies in the world.
Click here to learn more about the booming eHealth industry
A number of hedge funds and other institutional investors have recently bought and sold shares of MDB. Raymond James & Associates grew its position in MongoDB by 32.0% during the 1st quarter. Raymond James & Associates now owns 4,922 shares of the company's stock worth $2,183,000 after acquiring an additional 1,192 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of MongoDB by 19.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,282 shares of the company's stock valued at $569,000 after buying an additional 206 shares during the last quarter. MetLife Investment Management LLC bought a new stake in shares of MongoDB in the 1st quarter valued at about $1,823,000. Panagora Asset Management Inc. grew its position in shares of MongoDB by 9.8% in the 1st quarter. Panagora Asset Management Inc. now owns 1,977 shares of the company's stock valued at $877,000 after buying an additional 176 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its position in shares of MongoDB by 100.3% in the 1st quarter. Vontobel Holding Ltd. now owns 2,873 shares of the company's stock valued at $1,236,000 after buying an additional 1,439 shares during the last quarter. Institutional investors own 89.29% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on MDB. Citigroup lifted their target price on MongoDB from $515.00 to $550.00 and gave the stock a "buy" rating in a research note on Wednesday, March 6th. JMP Securities reissued a "market outperform" rating and set a $440.00 price target on shares of MongoDB in a report on Monday, January 22nd. Piper Sandler lifted their price target on MongoDB from $425.00 to $500.00 and gave the stock an "overweight" rating in a report on Wednesday, December 6th. KeyCorp lifted their price target on MongoDB from $500.00 to $543.00 and gave the stock an "overweight" rating in a report on Wednesday, February 14th. Finally, DA Davidson raised MongoDB from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $405.00 to $430.00 in a report on Friday, March 8th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $449.85.
Check Out Our Latest Stock Report on MDB
MongoDB Company Profile
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
