Mongodb Inc (NASDAQ:MDB) Director Charles M. Hazard, Jr. Sells 1,666 Shares

Mongodb Inc (NASDAQ:MDB) Director Charles M. Hazard, Jr. sold 1,666 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $137.74, for a total value of $229,474.84. Following the completion of the sale, the director now directly owns 105,548 shares in the company, valued at $14,538,181.52. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

MDB opened at $142.68 on Wednesday. Mongodb Inc has a 1 year low of $70.10 and a 1 year high of $184.78. The firm has a 50 day moving average price of $132.64 and a 200 day moving average price of $142.70. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.82 and a current ratio of 2.82. The company has a market cap of $8.37 billion, a PE ratio of -82.95 and a beta of 0.13.

Mongodb (NASDAQ:MDB) last announced its quarterly earnings results on Wednesday, September 4th. The company reported ($0.58) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.51) by ($0.07). Mongodb had a negative net margin of 36.58% and a negative return on equity of 43.95%. The business had revenue of $99.40 million for the quarter, compared to analyst estimates of $91.70 million. During the same period last year, the firm earned ($0.41) earnings per share. The company’s quarterly revenue was up 66.8% on a year-over-year basis. On average, sell-side analysts predict that Mongodb Inc will post -2.26 earnings per share for the current year.

A number of research firms have recently commented on MDB. Morgan Stanley dropped their price objective on shares of Mongodb from $160.00 to $150.00 and set a “weight” rating for the company in a research note on Wednesday, October 16th. Stifel Nicolaus raised their target price on shares of Mongodb from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. Monness Crespi & Hardt set a $185.00 target price on shares of Mongodb and gave the company a “buy” rating in a report on Friday, August 30th. Compass Point initiated coverage on shares of Mongodb in a research report on Tuesday, August 13th. They set a “neutral” rating and a $155.00 price target for the company. Finally, ValuEngine lowered shares of Mongodb from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $162.64.

Institutional investors have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund lifted its holdings in shares of Mongodb by 52.8% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 9,800 shares of the company’s stock valued at $1,490,000 after acquiring an additional 3,385 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in Mongodb by 24.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 7,340 shares of the company’s stock worth $1,116,000 after acquiring an additional 1,433 shares during the period. FNY Investment Advisers LLC grew its position in Mongodb by 1,638.5% in the second quarter. FNY Investment Advisers LLC now owns 200 shares of the company’s stock valued at $30,000 after acquiring an additional 213 shares in the last quarter. Daiwa Securities Group Inc. acquired a new stake in Mongodb in the second quarter valued at approximately $196,000. Finally, Mn Services Vermogensbeheer B.V. acquired a new position in shares of Mongodb during the second quarter worth $821,000. 78.11% of the stock is owned by institutional investors.

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 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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