MongoDB, Inc. (NASDAQ:MDB) CFO Sells $482,775.00 in Stock

MongoDB, Inc. (NASDAQ:MDB) CFO Michael Lawrence Gordon sold 1,884 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total transaction of $482,775.00. Following the completion of the transaction, the chief financial officer now owns 80,307 shares in the company, valued at $20,578,668.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, July 9th, Michael Lawrence Gordon sold 5,000 shares of MongoDB stock. The shares were sold at an average price of $252.23, for a total transaction of $1,261,150.00.

MongoDB Stock Performance

Shares of MongoDB stock opened at $265.36 on Monday. The stock has a market cap of $19.46 billion, a price-to-earnings ratio of -94.43 and a beta of 1.15. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84. MongoDB, Inc. has a twelve month low of $212.74 and a twelve month high of $509.62. The company’s fifty day moving average is $261.97 and its 200 day moving average is $289.99.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.21. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The company had revenue of $478.11 million during the quarter, compared to analysts’ expectations of $465.03 million. During the same quarter in the prior year, the firm posted ($0.63) earnings per share. The business’s quarterly revenue was up 12.8% on a year-over-year basis. Sell-side analysts forecast that MongoDB, Inc. will post -2.44 EPS for the current year.

Analysts Set New Price Targets

MDB has been the subject of a number of analyst reports. Sanford C. Bernstein lifted their price target on shares of MongoDB from $358.00 to $360.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Citigroup lifted their price objective on MongoDB from $350.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Royal Bank of Canada reissued an “outperform” rating and set a $350.00 target price on shares of MongoDB in a report on Friday, August 30th. JMP Securities reaffirmed a “market outperform” rating and issued a $380.00 price target on shares of MongoDB in a research note on Friday, August 30th. Finally, Tigress Financial reduced their price objective on shares of MongoDB from $500.00 to $400.00 and set a “buy” rating on the stock in a research note on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $337.56.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MDB. Transcendent Capital Group LLC bought a new stake in shares of MongoDB in the 4th quarter valued at $25,000. MFA Wealth Advisors LLC acquired a new position in MongoDB in the second quarter valued at $25,000. YHB Investment Advisors Inc. bought a new stake in MongoDB during the first quarter valued at $41,000. Sunbelt Securities Inc. grew its holdings in MongoDB by 155.1% during the 1st quarter. Sunbelt Securities Inc. now owns 125 shares of the company’s stock worth $45,000 after acquiring an additional 76 shares during the period. Finally, J.Safra Asset Management Corp raised its position in shares of MongoDB by 682.4% in the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock worth $33,000 after acquiring an additional 116 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

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.