MongoDB, Inc. (NASDAQ:MDB – Free Report) CFO Michael Lawrence Gordon sold 2,197 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $406.79, for a total value of $893,717.63. Following the sale, the chief financial officer now owns 101,509 shares of the company’s stock, valued at $41,292,846.11. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
MongoDB Stock Performance
NASDAQ MDB opened at $388.62 on Friday. The company has a market cap of $27.22 billion, a P/E ratio of -83.22 and a beta of 1.13. The company has a debt-to-equity ratio of 1.44, a quick ratio of 4.19 and a current ratio of 4.19. The business’s 50 day moving average price is $329.63 and its 200-day moving average price is $252.53. MongoDB, Inc. has a fifty-two week low of $135.15 and a fifty-two week high of $418.70.
MongoDB (NASDAQ:MDB – Free Report) last released its earnings results on Thursday, June 1st. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.38. The firm had revenue of $368.28 million for the quarter, compared to the consensus estimate of $347.77 million. MongoDB had a negative return on equity of 43.25% and a negative net margin of 23.58%. The company’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.15) EPS. Sell-side analysts predict that MongoDB, Inc. will post -2.8 earnings per share for the current year.
Analysts Set New Price Targets
Hedge Funds Weigh In On MongoDB
Large investors have recently modified their holdings of the stock. Bessemer Group Inc. bought a new position in shares of MongoDB during the 4th quarter valued at approximately $29,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in MongoDB in the 4th quarter valued at $30,000. Global Retirement Partners LLC grew its position in MongoDB by 346.7% in the 1st quarter. Global Retirement Partners LLC now owns 134 shares of the company’s stock valued at $30,000 after acquiring an additional 104 shares during the last quarter. Lindbrook Capital LLC grew its position in MongoDB by 350.0% in the 4th quarter. Lindbrook Capital LLC now owns 171 shares of the company’s stock valued at $34,000 after acquiring an additional 133 shares during the last quarter. Finally, Y.D. More Investments Ltd bought a new position in MongoDB in the 4th quarter valued at $36,000. Institutional investors own 89.22% of the company’s stock.
About MongoDB
MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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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