MongoDB, Inc. (NASDAQ:MDB) Director Sells $205,260.75 in Stock

MongoDB, Inc. (NASDAQ:MDB) Director Hope F. Cochran sold 1,175 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $174.69, for a total value of $205,260.75. Following the completion of the sale, the director now directly owns 19,333 shares of the company’s stock, valued at $3,377,281.77. The trade was a 5.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

MongoDB Stock Down 5.5 %

Shares of MDB opened at $154.39 on Friday. MongoDB, Inc. has a 52-week low of $151.52 and a 52-week high of $387.19. The stock has a market cap of $12.53 billion, a PE ratio of -56.35 and a beta of 1.49. The firm’s fifty day moving average is $236.68 and its two-hundred day moving average is $261.91.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.45). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business had revenue of $548.40 million during the quarter, compared to analysts’ expectations of $519.65 million. During the same period in the prior year, the business posted $0.86 earnings per share. As a group, research analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Institutional Investors Weigh In On MongoDB

A number of large investors have recently made changes to their positions in the stock. Strategic Investment Solutions Inc. IL purchased a new position in MongoDB during the fourth quarter worth approximately $29,000. Hilltop National Bank boosted its position in shares of MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after acquiring an additional 42 shares during the last quarter. NCP Inc. purchased a new stake in shares of MongoDB in the fourth quarter valued at about $35,000. Continuum Advisory LLC grew its holdings in shares of MongoDB by 621.1% in the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after purchasing an additional 118 shares during the period. Finally, Versant Capital Management Inc increased its position in MongoDB by 1,100.0% during the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $42,000 after purchasing an additional 165 shares during the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Wedbush dropped their price objective on MongoDB from $360.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Rosenblatt Securities restated a “buy” rating and issued a $350.00 target price on shares of MongoDB in a research note on Tuesday, March 4th. Cantor Fitzgerald assumed coverage on shares of MongoDB in a research note on Wednesday, March 5th. They set an “overweight” rating and a $344.00 price target for the company. Scotiabank reaffirmed a “sector perform” rating and set a $240.00 target price (down from $275.00) on shares of MongoDB in a research report on Wednesday, March 5th. Finally, Bank of America dropped their price target on MongoDB from $420.00 to $286.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Seven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $312.84.

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.