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.

Hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC raised its stake in Mongodb by 106.7% in the third quarter. FMR LLC now owns 4,688,216 shares of the company’s stock valued at $382,324,000 after buying an additional 2,419,731 shares in the last quarter. Whale Rock Capital Management LLC raised its stake in Mongodb by 587.8% in the second quarter. Whale Rock Capital Management LLC now owns 3,830,271 shares of the company’s stock valued at $190,096,000 after buying an additional 3,273,409 shares in the last quarter. Capital World Investors raised its stake in Mongodb by 8.1% in the third quarter. Capital World Investors now owns 1,670,188 shares of the company’s stock valued at $136,204,000 after buying an additional 125,000 shares in the last quarter. Gilder Gagnon Howe & Co. LLC raised its stake in Mongodb by 2.2% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 1,464,148 shares of the company’s stock valued at $72,666,000 after buying an additional 31,340 shares in the last quarter. Finally, Scge Management L.P. raised its stake in Mongodb by 26.3% in the third quarter. Scge Management L.P. now owns 1,052,247 shares of the company’s stock valued at $85,811,000 after buying an additional 219,000 shares in the last quarter. Institutional investors and hedge funds own 41.85% of the company’s stock.

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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