MongoDB, Inc. (NASDAQ:MDB – Get Free Report) CRO Cedric Pech sold 302 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total transaction of $77,387.50. Following the completion of the sale, the executive now directly owns 33,440 shares of the company’s stock, valued at $8,569,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
MongoDB Trading Up 4.9 %
Shares of MDB stock traded up $12.36 during trading hours on Friday, hitting $265.36. 1,168,826 shares of the company’s stock traded hands, compared to its average volume of 1,459,043. The stock has a market cap of $19.46 billion, a PE ratio of -94.43 and a beta of 1.15. The stock’s 50 day simple moving average is $261.73 and its 200 day simple moving average is $291.54. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $509.62.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its earnings results on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.21. The business had revenue of $478.11 million during the quarter, compared to analyst estimates of $465.03 million. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. MongoDB’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period last year, the company earned ($0.63) EPS. On average, sell-side analysts anticipate that MongoDB, Inc. will post -2.44 EPS for the current year.
Analysts Set New Price Targets
Check Out Our Latest Analysis on MDB
Hedge Funds Weigh In On MongoDB
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Transcendent Capital Group LLC acquired a new position in MongoDB in the fourth quarter valued at $25,000. MFA Wealth Advisors LLC acquired a new stake in shares of MongoDB during the 2nd quarter worth approximately $25,000. J.Safra Asset Management Corp increased its stake in shares of MongoDB by 682.4% in the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock valued at $33,000 after acquiring an additional 116 shares in the last quarter. Quarry LP lifted its position in shares of MongoDB by 2,580.0% during the 2nd quarter. Quarry LP now owns 134 shares of the company’s stock valued at $33,000 after acquiring an additional 129 shares during the period. Finally, Hantz Financial Services Inc. bought a new position in MongoDB during the second quarter worth $35,000. 89.29% of the stock is owned by institutional investors and hedge funds.
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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