Mongodb Inc (NASDAQ:MDB) CRO Cedric Pech sold 221 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $222.88, for a total transaction of $49,256.48. Following the completion of the sale, the executive now owns 45,243 shares in the company, valued at $10,083,759.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Cedric Pech also recently made the following trade(s):
- On Monday, July 6th, Cedric Pech sold 2,149 shares of Mongodb stock. The shares were sold at an average price of $227.29, for a total transaction of $488,446.21.
Shares of NASDAQ:MDB opened at $228.34 on Friday. The firm’s 50 day simple moving average is $216.41 and its 200-day simple moving average is $167.15. The company has a quick ratio of 4.57, a current ratio of 4.57 and a debt-to-equity ratio of 15.11. Mongodb Inc has a one year low of $93.81 and a one year high of $243.92.
Mongodb (NASDAQ:MDB) last announced its quarterly earnings data on Thursday, June 4th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.12. Mongodb had a negative return on equity of 94.98% and a negative net margin of 42.42%. The company had revenue of $130.33 million for the quarter, compared to analysts’ expectations of $119.72 million. During the same quarter in the prior year, the firm earned ($0.22) earnings per share. Mongodb’s revenue was up 45.8% compared to the same quarter last year. As a group, equities analysts expect that Mongodb Inc will post -3.3 earnings per share for the current year.
MDB has been the topic of a number of recent research reports. Piper Sandler upped their price objective on Mongodb from $138.00 to $226.00 and gave the company an “overweight” rating in a research report on Friday, June 5th. BidaskClub upgraded Mongodb from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Citigroup lifted their price objective on shares of Mongodb from $175.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Monness Crespi & Hardt downgraded shares of Mongodb from a “buy” rating to a “neutral” rating in a research note on Friday, June 5th. They noted that the move was a valuation call. Finally, Oppenheimer reaffirmed a “buy” rating and set a $240.00 price target (up from $140.00) on shares of Mongodb in a research note on Friday, June 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $206.87.
Several hedge funds have recently added to or reduced their stakes in MDB. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Mongodb by 27.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 15,415 shares of the company’s stock worth $3,489,000 after purchasing an additional 3,279 shares during the period. Whittier Trust Co. raised its stake in Mongodb by 1.0% in the second quarter. Whittier Trust Co. now owns 42,486 shares of the company’s stock worth $9,616,000 after buying an additional 441 shares in the last quarter. Carroll Financial Associates Inc. purchased a new stake in Mongodb during the second quarter worth $136,000. Polianta Ltd bought a new stake in Mongodb during the 2nd quarter valued at $1,154,000. Finally, IBM Retirement Fund purchased a new position in shares of Mongodb in the 2nd quarter valued at $221,000. Hedge funds and other institutional investors own 85.60% 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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