Mongodb Inc (NASDAQ:MDB) insider Eliot Horowitz sold 7,100 shares of the stock in a transaction that occurred on Friday, June 15th. The shares were sold at an average price of $57.48, for a total value of $408,108.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Mongodb opened at $58.42 on Thursday, MarketBeat Ratings reports. Mongodb Inc has a 12 month low of $24.62 and a 12 month high of $59.54. The company has a market cap of $2.98 billion and a PE ratio of -33.57.
Mongodb (NASDAQ:MDB) last released its quarterly earnings results on Wednesday, June 6th. The company reported ($0.43) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.43). The company had revenue of $48.20 million for the quarter, compared to analysts’ expectations of $46.46 million. The business’s revenue was up 48.8% compared to the same quarter last year. research analysts forecast that Mongodb Inc will post -2.22 EPS for the current fiscal year.
MDB has been the subject of several analyst reports. Needham & Company LLC upped their price target on Mongodb from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, June 12th. Stifel Nicolaus upped their price target on Mongodb from $47.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, June 7th. KeyCorp upped their price target on Mongodb from $50.00 to $62.00 and gave the stock an “overweight” rating in a research note on Thursday, June 7th. Canaccord Genuity restated a “buy” rating and set a $54.00 price target (up previously from $45.00) on shares of Mongodb in a research note on Thursday, June 7th. They noted that the move was a valuation call. Finally, Monness Crespi & Hardt upped their price target on Mongodb from $51.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, June 7th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $46.18.
Large investors have recently added to or reduced their stakes in the business. Stratos Wealth Partners LTD. purchased a new position in Mongodb in the first quarter worth $177,000. Schwab Charles Investment Management Inc. purchased a new position in Mongodb in the first quarter worth $217,000. UBS Group AG raised its position in Mongodb by 267.4% in the first quarter. UBS Group AG now owns 5,052 shares of the company’s stock worth $219,000 after acquiring an additional 3,677 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new position in Mongodb in the first quarter worth $264,000. Finally, Pier 88 Investment Partners LLC purchased a new position in Mongodb in the first quarter worth $283,000. Hedge funds and other institutional investors own 26.79% of the company’s stock.
MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted 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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