Insider Selling: MongoDB, Inc. (NASDAQ:MDB) CFO Sells 525 Shares of Stock

MongoDB, Inc. (NASDAQ:MDB) CFO Srdjan Tanjga sold 525 shares of the company’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $90,961.50. Following the transaction, the chief financial officer now directly owns 6,406 shares in the company, valued at $1,109,903.56. This trade represents a 7.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

MongoDB Trading Down 5.5 %

NASDAQ:MDB opened at $154.39 on Monday. The firm has a fifty day simple moving average of $236.68 and a 200 day simple moving average of $261.78. MongoDB, Inc. has a 1-year low of $146.50 and a 1-year high of $387.19. The stock has a market capitalization of $12.53 billion, a PE ratio of -56.35 and a beta of 1.49.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). The firm had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. During the same period last year, the business earned $0.86 EPS. On average, equities analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MDB shares. DA Davidson lifted their price objective on MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Stifel Nicolaus decreased their target price on MongoDB from $425.00 to $340.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Piper Sandler cut their price target on shares of MongoDB from $425.00 to $280.00 and set an “overweight” rating on the stock in a research report on Thursday, March 6th. KeyCorp cut shares of MongoDB from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Finally, China Renaissance assumed coverage on shares of MongoDB in a report on Tuesday, January 21st. They issued a “buy” rating and a $351.00 target price on the stock. Seven analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $312.84.

Institutional Trading of MongoDB

Several hedge funds have recently added to or reduced their stakes in MDB. The Manufacturers Life Insurance Company raised its holdings in MongoDB by 3.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 28,101 shares of the company’s stock valued at $7,596,000 after acquiring an additional 1,022 shares in the last quarter. MetLife Investment Management LLC increased its position in shares of MongoDB by 1.6% in the third quarter. MetLife Investment Management LLC now owns 4,450 shares of the company’s stock worth $1,203,000 after purchasing an additional 72 shares during the period. Captrust Financial Advisors raised its stake in MongoDB by 19.0% in the third quarter. Captrust Financial Advisors now owns 1,445 shares of the company’s stock valued at $391,000 after purchasing an additional 231 shares in the last quarter. Benjamin Edwards Inc. acquired a new position in MongoDB in the third quarter valued at about $1,055,000. Finally, Hilltop Holdings Inc. bought a new stake in MongoDB during the third quarter worth about $292,000. 89.29% of the stock is owned by institutional investors and hedge funds.

About MongoDB

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.