Insider Selling: MongoDB, Inc. (NASDAQ:MDB) CFO Sells 1,245 Shares of Stock

MongoDB, Inc. (NASDAQ:MDB) CFO Michael Lawrence Gordon sold 1,245 shares of MongoDB stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $291,442.05. Following the completion of the transaction, the chief financial officer now directly owns 79,062 shares in the company, valued at approximately $18,507,623.58. This represents a 1.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Michael Lawrence Gordon also recently made the following trade(s):

• On Monday, December 16th, Michael Lawrence Gordon sold 5,000 shares of MongoDB stock. The stock was sold at an average price of $267.85, for a total transaction of $1,339,250.00.
• On Monday, October 14th, Michael Lawrence Gordon sold 5,000 shares of MongoDB stock. The stock was sold at an average price of $290.31, for a total transaction of $1,451,550.00.

MongoDB Trading Down 2.7 %

Shares of NASDAQ:MDB opened at $245.96 on Wednesday. The stock has a market cap of $18.32 billion, a PE ratio of -89.77 and a beta of 1.25. The stock’s fifty day simple moving average is $284.11 and its two-hundred day simple moving average is $269.17. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.48. The business had revenue of $529.40 million for the quarter, compared to analysts’ expectations of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm’s revenue for the quarter was up 22.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.96 earnings per share. On average, sell-side analysts forecast that MongoDB, Inc. will post -1.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on MDB shares. Wedbush raised shares of MongoDB to a “strong-buy” rating in a research report on Thursday, October 17th. Mizuho upped their target price on MongoDB from $275.00 to $320.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Truist Financial reiterated a “buy” rating and issued a $400.00 target price (up from $320.00) on shares of MongoDB in a report on Tuesday, December 10th. Oppenheimer increased their price target on MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Finally, Robert W. Baird lifted their price objective on shares of MongoDB from $380.00 to $390.00 and gave the company an “outperform” rating in a research note 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 given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $367.14.

Hedge Funds Weigh In On MongoDB

Several institutional investors have recently modified their holdings of the business. Quarry LP boosted its position in MongoDB by 2,580.0% in the second quarter. Quarry LP now owns 134 shares of the company’s stock worth $33,000 after purchasing an additional 129 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of MongoDB in the 3rd quarter worth about $36,000. Continuum Advisory LLC grew its position in MongoDB by 621.1% during the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after buying an additional 118 shares during the period. GAMMA Investing LLC increased its holdings in MongoDB by 178.8% during the third quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock worth $39,000 after buying an additional 93 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in MongoDB in the third quarter worth about $44,000. 89.29% of the stock is owned by institutional investors.

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.