MongoDB, Inc. (NASDAQ:MDB – Get Free Report) CEO Dev Ittycheria sold 3,556 shares of MongoDB stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total transaction of $911,225.00. Following the completion of the sale, the chief executive officer now owns 219,875 shares in the company, valued at approximately $56,342,968.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
MongoDB Price Performance
Shares of NASDAQ:MDB opened at $265.36 on Friday. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $509.62. The business has a 50-day simple moving average of $261.97 and a two-hundred day simple moving average of $290.47. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03. The firm has a market cap of $19.46 billion, a price-to-earnings ratio of -94.43 and a beta of 1.15.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.21. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The business had revenue of $478.11 million during the quarter, compared to analyst estimates of $465.03 million. During the same quarter in the previous year, the firm earned ($0.63) EPS. MongoDB’s revenue was up 12.8% on a year-over-year basis. On average, analysts expect that MongoDB, Inc. will post -2.44 earnings per share for the current year.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on MongoDB
Institutional Investors Weigh In On MongoDB
Hedge funds and other institutional investors have recently made changes to their positions in the business. Transcendent Capital Group LLC purchased a new stake in shares of MongoDB during the 4th quarter valued at about $25,000. MFA Wealth Advisors LLC bought a new position in shares of MongoDB during the 2nd quarter valued at approximately $25,000. YHB Investment Advisors Inc. bought a new position in shares of MongoDB during the 1st quarter valued at approximately $41,000. Sunbelt Securities Inc. grew its stake in shares of MongoDB by 155.1% during the 1st quarter. Sunbelt Securities Inc. now owns 125 shares of the company’s stock valued at $45,000 after acquiring an additional 76 shares during the period. Finally, J.Safra Asset Management Corp grew its stake in shares of MongoDB by 682.4% during the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock valued at $33,000 after acquiring an additional 116 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.
MongoDB Company Profile
MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides 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-premises, 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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