Mongodb Inc (NASDAQ:MDB) CTO Sells $3,111,216.57 in Stock

Mongodb Inc (NASDAQ:MDB) CTO Eliot Horowitz sold 26,103 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $119.19, for a total value of $3,111,216.57.

Eliot Horowitz also recently made the following trade(s):

  • On Tuesday, September 3rd, Eliot Horowitz sold 21,000 shares of Mongodb stock. The shares were sold at an average price of $149.22, for a total value of $3,133,620.00.
  • On Thursday, August 1st, Eliot Horowitz sold 21,000 shares of Mongodb stock. The shares were sold at an average price of $141.30, for a total value of $2,967,300.00.

NASDAQ:MDB traded up $5.51 during trading hours on Monday, reaching $136.72. 1,392,979 shares of the company were exchanged, compared to its average volume of 1,515,956. The company has a market capitalization of $7.27 billion, a P/E ratio of -79.49 and a beta of 0.08. Mongodb Inc has a 1-year low of $62.30 and a 1-year high of $184.78. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.82 and a quick ratio of 2.82. The business has a 50 day moving average of $136.28 and a 200 day moving average of $144.56.



Mongodb (NASDAQ:MDB) last issued its quarterly earnings results on Wednesday, September 4th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.51) by ($0.07). The company had revenue of $99.40 million for the quarter, compared to analyst estimates of $91.70 million. Mongodb had a negative return on equity of 43.95% and a negative net margin of 36.58%. The company’s quarterly revenue was up 66.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.41) EPS. As a group, equities research analysts anticipate that Mongodb Inc will post -2.24 earnings per share for the current fiscal year.

Several research firms have recently commented on MDB. KeyCorp set a $188.00 target price on Mongodb and gave the company a “buy” rating in a research report on Wednesday, September 4th. Oppenheimer upped their target price on Mongodb from $160.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, June 19th. Morgan Stanley upped their target price on Mongodb from $156.00 to $160.00 and gave the company an “equal weight” rating in a research report on Thursday, September 5th. Citigroup upped their target price on Mongodb from $184.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Finally, DA Davidson upped their target price on Mongodb to $165.00 in a research report on Wednesday, June 19th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. Mongodb presently has an average rating of “Hold” and an average target price of $159.57.

Large investors have recently modified their holdings of the stock. FNY Investment Advisers LLC grew its position in Mongodb by 1,638.5% during the second quarter. FNY Investment Advisers LLC now owns 200 shares of the company’s stock worth $30,000 after buying an additional 213 shares in the last quarter. Captrust Financial Advisors grew its position in Mongodb by 100.0% during the second quarter. Captrust Financial Advisors now owns 200 shares of the company’s stock worth $30,000 after buying an additional 100 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Mongodb during the second quarter worth approximately $33,000. Lindbrook Capital LLC grew its position in Mongodb by 50.0% during the second quarter. Lindbrook Capital LLC now owns 300 shares of the company’s stock worth $45,000 after buying an additional 100 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in Mongodb during the second quarter worth approximately $60,000. 71.66% of the stock is currently owned by institutional investors and hedge funds.

About Mongodb

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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