MongoDB, Inc. (NASDAQ:MDB - Get Free Report) CFO Michael Lawrence Gordon sold 5,000 shares of the firm's stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $252.23, for a total transaction of $1,261,150.00. Following the completion of the sale, the chief financial officer now directly owns 81,942 shares in the company, valued at approximately $20,668,230.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Michael Lawrence Gordon also recently made the following trade(s):
- On Tuesday, July 2nd, Michael Lawrence Gordon sold 1,569 shares of MongoDB stock. The stock was sold at an average price of $265.29, for a total value of $416,240.01.
MongoDB Price Performance
MDB stock opened at $248.78 on Friday. The company has a quick ratio of 4.93, a current ratio of 4.93 and a debt-to-equity ratio of 0.90. MongoDB, Inc. has a 12-month low of $214.74 and a 12-month high of $509.62. The stock's 50 day simple moving average is $285.12 and its 200 day simple moving average is $357.00.
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MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings results on Thursday, May 30th. The company reported ($0.80) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.80). The firm had revenue of $450.56 million for the quarter, compared to the consensus estimate of $438.44 million. MongoDB had a negative return on equity of 14.88% and a negative net margin of 11.50%. Research analysts expect that MongoDB, Inc. will post -2.67 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on the company. Needham & Company LLC reiterated a "buy" rating and issued a $290.00 price objective on shares of MongoDB in a report on Thursday, June 13th. Tigress Financial cut their price target on shares of MongoDB from $500.00 to $400.00 and set a "buy" rating on the stock in a report on Thursday. Bank of America decreased their price objective on shares of MongoDB from $500.00 to $470.00 and set a "buy" rating for the company in a report on Friday, May 17th. Loop Capital cut their target price on shares of MongoDB from $415.00 to $315.00 and set a "buy" rating on the stock in a research note on Friday, May 31st. Finally, Oppenheimer decreased their price target on shares of MongoDB from $480.00 to $300.00 and set an "outperform" rating for the company in a research note on Friday, May 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have issued 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 an average price target of $357.59.
Check Out Our Latest Research Report on MongoDB
Institutional Trading of MongoDB
A number of hedge funds and other institutional investors have recently bought and sold shares of MDB. Quadrant Capital Group LLC lifted its position in shares of MongoDB by 5.6% in the fourth quarter. Quadrant Capital Group LLC now owns 412 shares of the company's stock valued at $168,000 after acquiring an additional 22 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in MongoDB by 12.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 226 shares of the company's stock worth $92,000 after purchasing an additional 25 shares in the last quarter. Yousif Capital Management LLC boosted its stake in MongoDB by 3.9% in the 4th quarter. Yousif Capital Management LLC now owns 792 shares of the company's stock worth $324,000 after purchasing an additional 30 shares during the period. Valley National Advisers Inc. grew its holdings in MongoDB by 5.9% during the 4th quarter. Valley National Advisers Inc. now owns 597 shares of the company's stock valued at $244,000 after buying an additional 33 shares in the last quarter. Finally, First Trust Direct Indexing L.P. raised its position in shares of MongoDB by 2.2% during the fourth quarter. First Trust Direct Indexing L.P. now owns 1,561 shares of the company's stock valued at $638,000 after buying an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company's stock.
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.
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