MongoDB, Inc. (NASDAQ:MDB) Director Hope F. Cochran Sells 1,175 Shares

MongoDB, Inc. (NASDAQ:MDB) Director Hope F. Cochran sold 1,175 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $266.99, for a total value of $313,713.25. Following the transaction, the director now directly owns 17,570 shares in the company, valued at $4,691,014.30. The trade was a 6.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

MongoDB Stock Performance

MDB stock traded down $7.67 during midday trading on Thursday, reaching $245.00. The stock had a trading volume of 2,597,614 shares, compared to its average volume of 1,550,045. The firm has a fifty day simple moving average of $292.95 and a two-hundred day simple moving average of $267.40. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $509.62. The stock has a market cap of $18.10 billion, a PE ratio of -89.42 and a beta of 1.17.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data 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 analysts’ expectations of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company’s revenue for the quarter was up 22.3% compared to the same quarter last year. During the same period last year, the business posted $0.96 earnings per share. On average, sell-side analysts predict that MongoDB, Inc. will post -2.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Truist Financial reiterated a “buy” rating and set a $400.00 target price (up from $320.00) on shares of MongoDB in a report on Tuesday, December 10th. JMP Securities reiterated a “market outperform” rating and set a $380.00 price objective on shares of MongoDB in a research note on Wednesday, December 11th. Oppenheimer boosted their price objective on shares of MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Barclays increased their target price on MongoDB from $375.00 to $400.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Finally, Citigroup boosted their price target on MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $366.14.

Institutional Trading of MongoDB

Several large investors have recently made changes to their positions in the business. Jennison Associates LLC raised its holdings in shares of MongoDB by 23.6% during the third quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock worth $838,632,000 after purchasing an additional 592,038 shares during the last quarter. Thrivent Financial for Lutherans grew its position 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. purchased a new position in shares of MongoDB during the 2nd quarter valued at about $52,131,000. Avala Global LP acquired a new position in shares of MongoDB in the 3rd quarter valued at about $47,960,000. Finally, Renaissance Technologies LLC boosted its stake in shares of MongoDB by 828.9% in the second quarter. Renaissance Technologies LLC now owns 183,000 shares of the company’s stock worth $45,743,000 after buying an additional 163,300 shares during the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

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.