MongoDB, Inc. (NASDAQ:MDB – Get Free Report) CEO Dev Ittycheria sold 4,567 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $342.40, for a total transaction of $1,563,740.80. Following the transaction, the chief executive officer now directly owns 214,177 shares in the company, valued at approximately $73,334,204.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Dev Ittycheria also recently made the following trade(s):
- On Tuesday, September 26th, Dev Ittycheria sold 134,000 shares of MongoDB stock. The shares were sold at an average price of $327.20, for a total transaction of $43,844,800.00.
MongoDB Trading Up 0.2 %
Shares of MDB opened at $336.78 on Friday. The company has a current ratio of 4.48, a quick ratio of 4.48 and a debt-to-equity ratio of 1.29. MongoDB, Inc. has a 12-month low of $135.15 and a 12-month high of $439.00. The firm has a 50-day moving average price of $366.81 and a 200 day moving average price of $327.82. The firm has a market capitalization of $24.03 billion, a P/E ratio of -97.33 and a beta of 1.13.
Wall Street Analyst Weigh In
A number of research analysts have commented on MDB shares. Macquarie raised their target price on shares of MongoDB from $434.00 to $456.00 in a research report on Friday, September 1st. JMP Securities lifted their price objective on shares of MongoDB from $425.00 to $440.00 and gave the stock a “market outperform” rating in a research report on Friday, September 1st. 58.com reaffirmed a “maintains” rating on shares of MongoDB in a research report on Monday, June 26th. Oppenheimer lifted their price objective on shares of MongoDB from $430.00 to $480.00 and gave the stock an “outperform” rating in a research report on Friday, September 1st. Finally, Citigroup lifted their price objective on shares of MongoDB from $430.00 to $455.00 and gave the stock a “buy” rating in a research report on Monday, August 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $418.08.
View Our Latest Stock Analysis on MDB
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. abrdn plc lifted its position in shares of MongoDB by 79.7% during the first quarter. abrdn plc now owns 12,019 shares of the company’s stock worth $2,802,000 after purchasing an additional 5,331 shares in the last quarter. Clarius Group LLC raised its holdings in MongoDB by 7.7% in the first quarter. Clarius Group LLC now owns 1,362 shares of the company’s stock valued at $318,000 after acquiring an additional 97 shares in the last quarter. Moody Lynn & Lieberson LLC purchased a new position in MongoDB in the first quarter valued at approximately $7,433,000. Empower Advisory Group LLC purchased a new position in MongoDB in the first quarter valued at approximately $7,302,000. Finally, Daiwa Securities Group Inc. increased its stake in MongoDB by 3.5% in the first quarter. Daiwa Securities Group Inc. now owns 5,461 shares of the company’s stock valued at $1,273,000 after purchasing an additional 186 shares during the last quarter. Institutional investors and hedge funds own 88.89% of the company’s stock.
MongoDB Company Profile
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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