Insider Selling: MongoDB, Inc. (NASDAQ:MDB) Insider Sells 287 Shares of Stock

MongoDB, Inc. (NASDAQ:MDB) insider Cedric Pech sold 287 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $67,183.83. Following the sale, the insider now owns 24,390 shares in the company, valued at $5,709,455.10. This trade represents a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

MongoDB Trading Up 2.6 %

NASDAQ MDB traded up $6.47 on Monday, reaching $252.86. 1,932,889 shares of the company were exchanged, compared to its average volume of 2,013,383. The business’s fifty day moving average price is $284.50 and its 200 day moving average price is $268.59. The stock has a market capitalization of $18.83 billion, a P/E ratio of -92.28 and a beta of 1.25. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $509.62.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.68 by $0.48. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. During the same quarter in the prior year, the company posted $0.96 EPS. The company’s quarterly revenue was up 22.3% on a year-over-year basis. Equities research analysts forecast that MongoDB, Inc. will post -1.86 earnings per share for the current year.

Hedge Funds Weigh In On MongoDB

Several large investors have recently modified their holdings of the business. Nisa Investment Advisors LLC lifted its stake in shares of MongoDB by 3.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company’s stock valued at $295,000 after purchasing an additional 40 shares during the last quarter. Tanager Wealth Management LLP lifted its stake in shares of MongoDB by 4.7% in the 3rd quarter. Tanager Wealth Management LLP now owns 957 shares of the company’s stock valued at $259,000 after purchasing an additional 43 shares during the last quarter. Rakuten Securities Inc. lifted its stake in MongoDB by 16.5% during the 3rd quarter. Rakuten Securities Inc. now owns 332 shares of the company’s stock worth $90,000 after acquiring an additional 47 shares in the last quarter. Prime Capital Investment Advisors LLC lifted its stake in MongoDB by 5.2% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,190 shares of the company’s stock worth $322,000 after acquiring an additional 59 shares in the last quarter. Finally, Fulton Bank N.A. lifted its stake in MongoDB by 5.6% during the 3rd quarter. Fulton Bank N.A. now owns 1,199 shares of the company’s stock worth $324,000 after acquiring an additional 64 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MDB shares. Wells Fargo & Company boosted their price objective on MongoDB from $350.00 to $425.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Robert W. Baird boosted their price objective on MongoDB from $380.00 to $390.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Loop Capital boosted their price objective on MongoDB from $315.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. DA Davidson boosted their price objective on MongoDB from $340.00 to $405.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Finally, The Goldman Sachs Group boosted their price objective on MongoDB from $340.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $367.14.

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.