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 the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $291,442.05. Following the sale, the chief financial officer now directly owns 79,062 shares of the company’s stock, valued at approximately $18,507,623.58. This represents a 1.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

MongoDB Stock Performance

Shares of MDB traded up $6.47 during mid-day trading on Monday, hitting $252.86. The company’s stock had a trading volume of 1,932,889 shares, compared to its average volume of 2,013,383. MongoDB, Inc. has a one year low of $212.74 and a one year high of $509.62. The stock’s 50-day moving average is $284.50 and its two-hundred day moving average is $268.59. The firm has a market capitalization of $18.83 billion, a PE ratio of -92.28 and a beta of 1.25.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 12.22% and a negative net margin of 10.46%. MongoDB’s quarterly revenue was up 22.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.96 earnings per share. Analysts expect that MongoDB, Inc. will post -1.86 EPS for the current fiscal year.

Institutional Trading of MongoDB

Institutional investors have recently made changes to their positions in the business. Aigen Investment Management LP acquired a new stake in MongoDB during the third quarter valued at approximately $1,045,000. Geode Capital Management LLC grew its position 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 acquired a new position in MongoDB during the third quarter worth $4,366,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of MongoDB by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock valued at $75,271,000 after acquiring an additional 7,575 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in shares of MongoDB in the 2nd quarter valued at $1,860,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MDB shares. Canaccord Genuity Group boosted their price target on shares of MongoDB from $325.00 to $385.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. JMP Securities restated a “market outperform” rating and issued a $380.00 price target on shares of MongoDB in a research note on Wednesday, December 11th. Needham & Company LLC boosted their price objective on MongoDB from $335.00 to $415.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Royal Bank of Canada increased their price objective on MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Finally, Oppenheimer boosted their price target on MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $367.14.

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.