Eliot Horowitz Sells 18,000 Shares of Mongodb Inc (NASDAQ:MDB) Stock

Mongodb Inc (NASDAQ:MDB) CTO Eliot Horowitz sold 18,000 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $125.06, for a total value of $2,251,080.00.

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

  • On Monday, October 14th, Eliot Horowitz sold 3,000 shares of Mongodb stock. The stock was sold at an average price of $120.36, for a total value of $361,080.00.
  • On Tuesday, October 1st, Eliot Horowitz sold 26,103 shares of Mongodb stock. The stock was sold at an average price of $119.19, for a total value of $3,111,216.57.
  • On Tuesday, September 3rd, Eliot Horowitz sold 21,000 shares of Mongodb stock. The stock was sold at an average price of $149.22, for a total value of $3,133,620.00.

Shares of NASDAQ:MDB opened at $127.03 on Thursday. The company has a market cap of $7.22 billion, a P/E ratio of -73.85 and a beta of 0.07. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.97. Mongodb Inc has a 52 week low of $65.62 and a 52 week high of $184.78. The business has a fifty day simple moving average of $126.67 and a 200-day simple moving average of $141.98.

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

A number of hedge funds have recently bought and sold shares of the business. Cetera Advisor Networks LLC grew its position in Mongodb by 7.3% during the third quarter. Cetera Advisor Networks LLC now owns 3,030 shares of the company’s stock valued at $365,000 after acquiring an additional 205 shares during the period. Focused Wealth Management Inc grew its position in Mongodb by 143.3% during the third quarter. Focused Wealth Management Inc now owns 325 shares of the company’s stock valued at $39,000 after acquiring an additional 1,075 shares during the period. AE Wealth Management LLC grew its position in Mongodb by 69.0% during the third quarter. AE Wealth Management LLC now owns 14,978 shares of the company’s stock valued at $1,805,000 after acquiring an additional 6,115 shares during the period. EFG Asset Management Americas Corp. grew its position in Mongodb by 33.4% during the third quarter. EFG Asset Management Americas Corp. now owns 16,693 shares of the company’s stock valued at $2,011,000 after acquiring an additional 4,178 shares during the period. Finally, LA Financiere DE L Echiquier purchased a new stake in Mongodb during the third quarter valued at about $1,493,000. 71.66% of the stock is owned by hedge funds and other institutional investors.

MDB has been the subject of a number of analyst reports. Monness Crespi & Hardt set a $185.00 price target on Mongodb and gave the stock a “buy” rating in a report on Friday, August 30th. Barclays reissued a “buy” rating on shares of Mongodb in a report on Friday, September 6th. ValuEngine downgraded Mongodb from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Piper Jaffray Companies began coverage on Mongodb in a research report on Monday, October 28th. They issued an “overweight” rating and a $158.00 price objective for the company. Finally, Morgan Stanley lowered their price objective on Mongodb from $160.00 to $150.00 and set a “weight” rating for the company in a research report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $162.64.

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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