Thomas Bull Sells 1,000 Shares of MongoDB, Inc. (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) CAO Thomas Bull sold 1,000 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $355.92, for a total transaction of $355,920.00. Following the completion of the transaction, the chief accounting officer now owns 15,068 shares in the company, valued at $5,363,002.56. The trade was a 6.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Thomas Bull also recently made the following trade(s):

• On Wednesday, October 2nd, Thomas Bull sold 154 shares of MongoDB stock. The stock was sold at an average price of $256.25, for a total value of $39,462.50.

MongoDB Trading Up 2.2 %

Shares of NASDAQ MDB traded up $6.30 during trading hours on Wednesday, hitting $297.20. 3,522,515 shares of the company traded hands, compared to its average volume of 1,512,707. The company’s 50 day moving average price is $291.56 and its 200 day moving average price is $268.79. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $509.62. The stock has a market capitalization of $21.95 billion, a price-to-earnings ratio of -100.38 and a beta of 1.17. The company has a current ratio of 5.03, a quick ratio of 5.03 and a debt-to-equity ratio of 0.84.

MongoDB (NASDAQ:MDB) last released its earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.48. The firm had revenue of $529.40 million during the quarter, compared to analyst estimates of $497.39 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The business’s revenue was up 22.3% on a year-over-year basis. During the same quarter last year, the business earned $0.96 EPS. On average, equities research analysts anticipate that MongoDB, Inc. will post -2.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Jennison Associates LLC grew its stake in MongoDB by 23.6% in the 3rd quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock worth $838,632,000 after acquiring an additional 592,038 shares in the last quarter. Swedbank AB grew its stake in MongoDB by 156.3% in the second quarter. Swedbank AB now owns 656,993 shares of the company’s stock worth $164,222,000 after purchasing an additional 400,705 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in MongoDB by 1,098.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company’s stock worth $106,084,000 after purchasing an additional 388,979 shares during the period. Point72 Asset Management L.P. bought a new stake in MongoDB during the 2nd quarter valued at $52,131,000. Finally, Avala Global LP purchased a new stake in shares of MongoDB in the 3rd quarter worth $47,960,000. Institutional investors own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

MDB has been the subject of a number of analyst reports. Oppenheimer upped their price target on MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a research report on Tuesday. JMP Securities restated a “market outperform” rating and set a $380.00 target price on shares of MongoDB in a research note on Wednesday. Robert W. Baird lifted their price target on shares of MongoDB from $380.00 to $390.00 and gave the company an “outperform” rating in a report on Tuesday. Loop Capital increased their price objective on shares of MongoDB from $315.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Finally, Wedbush upgraded shares of MongoDB to a “strong-buy” rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and an average price target of $372.88.

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.