Insider Selling: Mongodb Inc (MDB) Director Sells 24,000 Shares of Stock
Mongodb Inc (NASDAQ:MDB) Director Kevin P. Ryan sold 24,000 shares of the company’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $76.78, for a total value of $1,842,720.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of NASDAQ MDB opened at $82.90 on Monday. The firm has a market capitalization of $4.33 billion and a PE ratio of -47.64. The company has a debt-to-equity ratio of 1.01, a quick ratio of 3.74 and a current ratio of 3.74. Mongodb Inc has a 12-month low of $24.62 and a 12-month high of $85.78.
Mongodb (NASDAQ:MDB) last announced its quarterly earnings data on Wednesday, September 5th. The company reported ($0.41) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.45) by $0.04. The business had revenue of $57.50 million for the quarter, compared to analysts’ expectations of $51.75 million. Mongodb had a negative return on equity of 52.67% and a negative net margin of 57.74%. Mongodb’s revenue was up 61.5% on a year-over-year basis. As a group, analysts anticipate that Mongodb Inc will post -2.27 earnings per share for the current year.
MDB has been the topic of a number of research reports. Nomura cut Mongodb from a “neutral” rating to a “reduce” rating and upped their price target for the stock from $43.00 to $63.00 in a research note on Tuesday, October 2nd. They noted that the move was a valuation call. Zacks Investment Research cut Mongodb from a “hold” rating to a “sell” rating in a research note on Wednesday, September 12th. Barclays upped their price target on Mongodb from $79.00 to $105.00 and gave the stock an “overweight” rating in a research note on Monday, September 17th. They noted that the move was a valuation call. BTIG Research initiated coverage on Mongodb in a research note on Wednesday, September 12th. They set a “neutral” rating on the stock. Finally, CIBC initiated coverage on Mongodb in a research note on Wednesday, October 17th. They set an “outperform” rating and a $80.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $77.92.
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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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