MongoDB, Inc. (NASDAQ:MDB – Get Free Report) Director Hope F. Cochran sold 1,175 shares of MongoDB stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $266.99, for a total value of $313,713.25. Following the completion of the sale, the director now owns 17,570 shares in the company, valued at approximately $4,691,014.30. This trade represents a 6.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
MongoDB Trading Up 0.3 %
MongoDB stock opened at $245.63 on Friday. The stock has a fifty day moving average price of $291.05 and a 200 day moving average price of $267.57. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62. The firm has a market capitalization of $18.29 billion, a P/E ratio of -89.65 and a beta of 1.17.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. During the same period in the prior year, the firm posted $0.96 EPS. The company’s revenue was up 22.3% on a year-over-year basis. As a group, equities analysts predict that MongoDB, Inc. will post -2.29 EPS for the current year.
Institutional Trading of MongoDB
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the stock. Mizuho boosted their target price on shares of MongoDB from $275.00 to $320.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. DA Davidson upped their target price on shares of MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Scotiabank increased their target price on shares of MongoDB from $295.00 to $350.00 and gave the company a “sector perform” rating in a report on Tuesday, December 10th. Bank of America boosted their price target on MongoDB from $300.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Finally, Sanford C. Bernstein raised their price objective on MongoDB from $358.00 to $360.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $366.14.
Check Out Our Latest Stock Report on MongoDB
MongoDB Company Profile
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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