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

Mongodb Inc (NASDAQ:MDB) Director Charles M. Hazard, Jr. sold 1,666 shares of Mongodb stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $133.10, for a total transaction of $221,744.60. Following the sale, the director now owns 104,007 shares of the company’s stock, valued at $13,843,331.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

MDB stock traded down $1.27 during trading on Thursday, hitting $151.11. 260,152 shares of the company’s stock traded hands, compared to its average volume of 1,079,636. The stock has a fifty day moving average price of $136.75 and a two-hundred day moving average price of $138.72. The stock has a market capitalization of $8.67 billion, a price-to-earnings ratio of -87.85 and a beta of 0.04. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 1.08. Mongodb Inc has a 52 week low of $72.00 and a 52 week high of $184.78.

Mongodb (NASDAQ:MDB) last released its quarterly earnings results on Monday, December 9th. The company reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.58) by $0.32. The business had revenue of $109.40 million during the quarter, compared to analyst estimates of $97.47 million. Mongodb had a negative net margin of 35.22% and a negative return on equity of 46.17%. The company’s quarterly revenue was up 52.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.30) earnings per share. As a group, equities research analysts expect that Mongodb Inc will post -2.32 EPS for the current fiscal year.

MDB has been the subject of a number of recent research reports. Nomura lifted their price target on shares of Mongodb from $76.00 to $78.00 and gave the stock a “reduce” rating in a report on Tuesday, December 10th. Morgan Stanley boosted their target price on shares of Mongodb from $160.00 to $171.00 and gave the company an “equal weight” rating in a report on Monday. Oppenheimer lowered their target price on shares of Mongodb from $180.00 to $155.00 and set an “outperform” rating for the company in a report on Friday, October 11th. Zacks Investment Research upgraded shares of Mongodb from a “sell” rating to a “hold” rating in a report on Tuesday, December 31st. Finally, Canaccord Genuity lowered their target price on shares of Mongodb from $185.00 to $165.00 and set a “buy” rating for the company in a report on Tuesday, December 10th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $161.64.

A number of hedge funds and other institutional investors have recently modified their holdings of MDB. Captrust Financial Advisors lifted its stake in Mongodb by 100.0% during the second quarter. Captrust Financial Advisors now owns 200 shares of the company’s stock valued at $30,000 after buying an additional 100 shares in the last quarter. CENTRAL TRUST Co increased its holdings in shares of Mongodb by 79.4% in the 3rd quarter. CENTRAL TRUST Co now owns 226 shares of the company’s stock valued at $27,000 after purchasing an additional 100 shares during the period. Golden State Wealth Management LLC increased its holdings in shares of Mongodb by 445.5% in the 3rd quarter. Golden State Wealth Management LLC now owns 300 shares of the company’s stock valued at $36,000 after purchasing an additional 245 shares during the period. Focused Wealth Management Inc increased its holdings in shares of Mongodb by 143.3% in the 3rd quarter. Focused Wealth Management Inc now owns 325 shares of the company’s stock valued at $39,000 after purchasing an additional 1,075 shares during the period. Finally, CSat Investment Advisory L.P. acquired a new position in shares of Mongodb in the 2nd quarter valued at about $69,000. 77.64% 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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