Insider Selling: MongoDB, Inc. (NASDAQ:MDB) CAO Sells 169 Shares of Stock

MongoDB, Inc. (NASDAQ:MDB) CAO Thomas Bull sold 169 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $39,561.21. Following the transaction, the chief accounting officer now directly owns 14,899 shares of the company’s stock, valued at $3,487,706.91. This trade represents a 1.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Thomas Bull also recently made the following trade(s):

• On Monday, December 9th, Thomas Bull sold 1,000 shares of MongoDB stock. The shares were sold at an average price of $355.92, for a total transaction of $355,920.00.

MongoDB Stock Performance

Shares of MDB stock opened at $248.68 on Thursday. The stock has a market capitalization of $18.52 billion, a price-to-earnings ratio of -90.76 and a beta of 1.25. MongoDB, Inc. has a one year low of $212.74 and a one year high of $509.62. The company’s 50-day simple moving average is $282.82 and its 200-day simple moving average is $269.15.

MongoDB (NASDAQ:MDB) last issued its earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.68 by $0.48. The company had revenue of $529.40 million during the quarter, compared to analyst estimates of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business’s revenue was up 22.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.96 EPS. As a group, research analysts forecast that MongoDB, Inc. will post -1.86 EPS for the current year.

Institutional Trading of MongoDB

A number of institutional investors and hedge funds have recently modified their holdings of MDB. Aigen Investment Management LP bought a new stake in shares of MongoDB during the 3rd quarter valued at about $1,045,000. Geode Capital Management LLC boosted its stake in MongoDB by 2.9% in the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock valued at $331,776,000 after acquiring an additional 34,814 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of MongoDB during the third quarter valued at approximately $4,366,000. Charles Schwab Investment Management Inc. raised its position in shares of MongoDB by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock worth $75,271,000 after purchasing an additional 7,575 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in shares of MongoDB in the 2nd quarter worth approximately $1,860,000. 89.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on MDB shares. Canaccord Genuity Group lifted their target price on MongoDB from $325.00 to $385.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. KeyCorp lifted their price objective on MongoDB from $330.00 to $375.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Robert W. Baird increased their target price on shares of MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Wedbush raised shares of MongoDB to a “strong-buy” rating in a research report on Thursday, October 17th. Finally, Royal Bank of Canada increased their price objective on shares of MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus target price of $367.14.

MongoDB Company Profile

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.