MongoDB, Inc. (NASDAQ:MDB) CAO Thomas Bull Sells 170 Shares of Stock

MongoDB, Inc. (NASDAQ:MDB) CAO Thomas Bull sold 170 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total value of $59,180.40. Following the sale, the chief accounting officer now owns 17,360 shares in the company, valued at approximately $6,043,363.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

MongoDB Stock Performance

Shares of MongoDB stock opened at $339.82 on Thursday. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07. The stock has a 50 day moving average price of $410.76 and a two-hundred day moving average price of $389.60. MongoDB, Inc. has a 12-month low of $198.72 and a 12-month high of $509.62.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. The business had revenue of $458.00 million for the quarter, compared to analyst estimates of $431.99 million. As a group, equities analysts predict that MongoDB, Inc. will post -2.53 EPS for the current year.

Analyst Ratings Changes

Several analysts have issued reports on MDB shares. Redburn Atlantic restated a “sell” rating and set a $295.00 price objective (down previously from $410.00) on shares of MongoDB in a report on Tuesday, March 19th. Needham & Company LLC reaffirmed a “buy” rating and set a $495.00 target price on shares of MongoDB in a research note on Wednesday, January 17th. JMP Securities reaffirmed a “market outperform” rating and set a $440.00 target price on shares of MongoDB in a research note on Monday, January 22nd. Truist Financial lifted their target price on MongoDB from $440.00 to $500.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. Finally, Tigress Financial lifted their target price on MongoDB from $495.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and an average price target of $449.85.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MDB. Jennison Associates LLC raised its stake in shares of MongoDB by 87.8% in the third quarter. Jennison Associates LLC now owns 3,733,964 shares of the company’s stock valued at $1,291,429,000 after purchasing an additional 1,745,231 shares in the last quarter. 1832 Asset Management L.P. raised its stake in shares of MongoDB by 3,283,771.0% in the fourth quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock valued at $200,383,000 after purchasing an additional 1,017,969 shares in the last quarter. Norges Bank acquired a new position in shares of MongoDB in the fourth quarter valued at $326,237,000. Axiom Investors LLC DE acquired a new position in shares of MongoDB in the fourth quarter valued at $153,990,000. Finally, T. Rowe Price Investment Management Inc. raised its stake in shares of MongoDB by 77.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 568,803 shares of the company’s stock valued at $111,964,000 after purchasing an additional 248,133 shares in the last quarter. 89.29% of the stock is currently 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.