MongoDB, Inc. (NASDAQ:MDB - Get Free Report) Director Dwight Merriman sold 6,000 shares of the company's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $348.92, for a total value of $2,093,520.00. Following the transaction, the director directly owned 464,896 shares of the company's stock, valued at approximately $162,211,512.32. This represents a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
MongoDB Stock Performance
NASDAQ:MDB opened at $348.81 on Wednesday. The stock has a 50-day simple moving average of $299.95 and a 200-day simple moving average of $335.21. The stock has a market cap of $28.05 billion, a P/E ratio of -942.73, a P/E/G ratio of 1,277.37 and a beta of 1.57. MongoDB, Inc. has a 1 year low of $196.00 and a 1 year high of $444.72.
MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings data on Thursday, May 28th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.13. The business had revenue of $687.62 million during the quarter, compared to analysts' expectations of $664.53 million. MongoDB had a negative return on equity of 1.39% and a negative net margin of 1.12%.The business's quarterly revenue was up 25.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.00 EPS. MongoDB has set its FY 2027 guidance at 5.950-6.140 EPS and its Q2 2027 guidance at 1.580-1.610 EPS. On average, equities research analysts predict that MongoDB, Inc. will post 0.02 EPS for the current year.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on MDB shares. BMO Capital Markets upped their price objective on MongoDB from $360.00 to $375.00 and gave the stock an "outperform" rating in a research report on Friday, May 29th. Stifel Nicolaus set a $435.00 price objective on MongoDB in a research report on Friday, May 29th. Morgan Stanley boosted their target price on MongoDB from $335.00 to $380.00 and gave the company an "overweight" rating in a report on Friday, May 29th. Zacks Research raised MongoDB from a "strong sell" rating to a "hold" rating in a report on Friday, May 15th. Finally, Sanford C. Bernstein downgraded MongoDB from an "outperform" rating to a "market perform" rating in a report on Tuesday, March 3rd. Twenty-eight equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $396.39.
Read Our Latest Report on MongoDB
Institutional Trading of MongoDB
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pine Valley Investments Ltd Liability Co raised its stake in MongoDB by 2.5% during the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 2,058 shares of the company's stock valued at $504,000 after acquiring an additional 51 shares during the last quarter. Caerus Investment Advisors LLC raised its stake in MongoDB by 19.4% during the 1st quarter. Caerus Investment Advisors LLC now owns 819 shares of the company's stock valued at $200,000 after acquiring an additional 133 shares during the last quarter. Groupama Asset Managment raised its stake in MongoDB by 2.2% during the 1st quarter. Groupama Asset Managment now owns 15,147 shares of the company's stock valued at $3,708,000 after acquiring an additional 325 shares during the last quarter. Bank of America Corp DE raised its stake in MongoDB by 0.3% during the 1st quarter. Bank of America Corp DE now owns 555,305 shares of the company's stock valued at $135,922,000 after acquiring an additional 1,852 shares during the last quarter. Finally, Centaurus Financial Inc. raised its stake in MongoDB by 9.5% during the 1st quarter. Centaurus Financial Inc. now owns 2,319 shares of the company's stock valued at $568,000 after acquiring an additional 202 shares during the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.
About MongoDB
(
Get Free Report)
MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company's platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.
The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.
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