MongoDB, Inc. (NASDAQ:MDB) CRO Cedric Pech sold 9,170 shares of the business’s stock in a transaction on Tuesday, June 8th. The stock was sold at an average price of $318.70, for a total transaction of $2,922,479.00. Following the completion of the sale, the executive now owns 53,186 shares of the company’s stock, valued at $16,950,378.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Cedric Pech also recently made the following trade(s):
- On Monday, April 5th, Cedric Pech sold 203 shares of MongoDB stock. The stock was sold at an average price of $283.29, for a total transaction of $57,507.87.
Shares of MongoDB stock opened at $334.10 on Friday. The company has a market cap of $20.44 billion, a price-to-earnings ratio of -72.47 and a beta of 0.73. The company has a debt-to-equity ratio of 43.46, a current ratio of 3.33 and a quick ratio of 3.22. The firm has a fifty day simple moving average of $292.73. MongoDB, Inc. has a 52-week low of $186.27 and a 52-week high of $428.96.
MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Wednesday, June 2nd. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.36) by $0.21. MongoDB had a negative net margin of 43.16% and a negative return on equity of 1,062.47%. The firm had revenue of $181.60 million for the quarter, compared to analyst estimates of $169.96 million. During the same quarter in the previous year, the firm posted ($0.13) EPS. The business’s revenue for the quarter was up 39.4% on a year-over-year basis. As a group, sell-side analysts forecast that MongoDB, Inc. will post -4.48 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the company. Blueshift Asset Management LLC grew its holdings in shares of MongoDB by 95.2% in the 1st quarter. Blueshift Asset Management LLC now owns 4,205 shares of the company’s stock worth $1,125,000 after purchasing an additional 2,051 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its holdings in MongoDB by 77.9% during the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 39,033 shares of the company’s stock worth $10,439,000 after acquiring an additional 17,097 shares during the last quarter. BlackRock Inc. grew its holdings in MongoDB by 8.6% during the 4th quarter. BlackRock Inc. now owns 4,556,828 shares of the company’s stock worth $1,636,084,000 after acquiring an additional 360,503 shares during the last quarter. Fortis Capital Management LLC bought a new stake in MongoDB during the 1st quarter worth about $1,964,000. Finally, Westpac Banking Corp grew its holdings in MongoDB by 69.2% during the 4th quarter. Westpac Banking Corp now owns 5,178 shares of the company’s stock worth $1,859,000 after acquiring an additional 2,118 shares during the last quarter. 86.21% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently weighed in on MDB. Morgan Stanley reduced their price objective on shares of MongoDB from $415.00 to $377.00 and set an “overweight” rating for the company in a research note on Tuesday, May 25th. Canaccord Genuity cut their target price on shares of MongoDB from $430.00 to $375.00 and set a “buy” rating for the company in a research note on Wednesday, March 10th. They noted that the move was a valuation call. Citigroup upped their target price on shares of MongoDB from $445.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, June 4th. Mizuho upped their target price on shares of MongoDB from $265.00 to $300.00 and gave the company a “neutral” rating in a research note on Friday, June 4th. Finally, DA Davidson upped their target price on shares of MongoDB from $275.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, March 10th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $374.25.
MongoDB Company Profile
MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; 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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