MongoDB, Inc. (NASDAQ:MDB) CEO Dev Ittycheria sold 35,000 shares of the company’s stock in a transaction that occurred on Thursday, January 7th. The shares were sold at an average price of $346.01, for a total value of $12,110,350.00. Following the completion of the sale, the chief executive officer now owns 249,250 shares in the company, valued at approximately $86,242,992.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Dev Ittycheria also recently made the following trade(s):

  • On Monday, January 4th, Dev Ittycheria sold 8,955 shares of MongoDB stock. The shares were sold at an average price of $345.11, for a total value of $3,090,460.05.
  • On Friday, December 4th, Dev Ittycheria sold 35,000 shares of MongoDB stock. The stock was sold at an average price of $275.27, for a total value of $9,634,450.00.
  • On Thursday, November 5th, Dev Ittycheria sold 35,000 shares of MongoDB stock. The stock was sold at an average price of $249.39, for a total value of $8,728,650.00.

Shares of MDB stock opened at $375.81 on Thursday. The stock has a 50 day simple moving average of $334.77 and a 200-day simple moving average of $255.19. MongoDB, Inc. has a 1-year low of $93.81 and a 1-year high of $399.00. The company has a debt-to-equity ratio of 43.46, a current ratio of 4.06 and a quick ratio of 4.37. The company has a market cap of $22.65 billion, a price-to-earnings ratio of -86.19 and a beta of 0.80.

MongoDB (NASDAQ:MDB) last released its earnings results on Monday, December 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.44) by $0.13. The business had revenue of $150.77 million during the quarter, compared to analyst estimates of $138.65 million. MongoDB had a negative net margin of 46.73% and a negative return on equity of 343.82%. The company’s revenue for the quarter was up 37.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.26) earnings per share. Analysts anticipate that MongoDB, Inc. will post -3.57 earnings per share for the current fiscal year.

Several equities research analysts have commented on MDB shares. Barclays upped their price objective on MongoDB from $331.00 to $435.00 and gave the stock an “overweight” rating in a research report on Monday. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their price objective on MongoDB from $354.00 to $465.00 in a research report on Wednesday. Macquarie started coverage on MongoDB in a research report on Wednesday, January 6th. They issued an “outperform” rating on the stock. Canaccord Genuity upped their price objective on MongoDB from $290.00 to $315.00 and gave the stock a “buy” rating in a research report on Wednesday, December 9th. Finally, DA Davidson upped their price objective on MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 9th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $345.71.

A number of institutional investors and hedge funds have recently bought and sold shares of MDB. Prudential Financial Inc. acquired a new position in MongoDB during the second quarter worth about $222,000. American International Group Inc. boosted its position in MongoDB by 18.6% during the second quarter. American International Group Inc. now owns 1,143 shares of the company’s stock worth $259,000 after acquiring an additional 179 shares during the last quarter. PDT Partners LLC acquired a new position in MongoDB in the 2nd quarter valued at about $498,000. Glenmede Trust Co. NA boosted its holdings in MongoDB by 71.8% in the 2nd quarter. Glenmede Trust Co. NA now owns 706 shares of the company’s stock valued at $159,000 after purchasing an additional 295 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its holdings in MongoDB by 58.2% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 9,525 shares of the company’s stock valued at $2,156,000 after purchasing an additional 3,504 shares during the last quarter. Hedge funds and other institutional investors own 80.33% of the company’s stock.

MongoDB Company Profile

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 hosted multi-cloud 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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