Insider Selling: MongoDB, Inc. (NASDAQ:MDB) CFO Sells 1,884 Shares of Stock

MongoDB, Inc. (NASDAQ:MDB) CFO Michael Lawrence Gordon sold 1,884 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total value of $482,775.00. Following the sale, the chief financial officer now directly owns 80,307 shares in the company, valued at $20,578,668.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 value of $1,261,150.00.

MongoDB Price Performance

Shares of MDB opened at $265.36 on Friday. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $509.62. The company has a market capitalization of $19.46 billion, a price-to-earnings ratio of -94.43 and a beta of 1.15. The firm has a 50-day simple moving average of $261.97 and a 200-day simple moving average of $290.47. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on MDB shares. Wells Fargo & Company increased their target price on MongoDB from $300.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, August 30th. UBS Group increased their target price on MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Mizuho increased their target price on MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Bank of America increased their target price on MongoDB from $300.00 to $350.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Citigroup raised their price objective on MongoDB from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and an average target price of $337.56.

Institutional Investors Weigh In On MongoDB

A number of hedge funds have recently added to or reduced their stakes in MDB. Jennison Associates LLC lifted its position in MongoDB by 14.3% in the first quarter. Jennison Associates LLC now owns 4,408,424 shares of the company’s stock valued at $1,581,037,000 after purchasing an additional 551,567 shares during the period. Swedbank AB lifted its position in MongoDB by 156.3% in the second quarter. Swedbank AB now owns 656,993 shares of the company’s stock valued at $164,222,000 after purchasing an additional 400,705 shares during the period. Thrivent Financial for Lutherans lifted its position in MongoDB by 1,098.1% in the second quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company’s stock valued at $106,084,000 after purchasing an additional 388,979 shares during the period. Clearbridge Investments LLC lifted its position in MongoDB by 109.0% in the first quarter. Clearbridge Investments LLC now owns 445,084 shares of the company’s stock valued at $159,625,000 after purchasing an additional 232,101 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in MongoDB in the second quarter valued at about $52,131,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

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.