Dev Ittycheria Sells 35,000 Shares of MongoDB, Inc. (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) CEO Dev Ittycheria sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, June 4th. The stock was sold at an average price of $302.93, for a total transaction of $10,602,550.00. Following the sale, the chief executive officer now directly owns 267,330 shares of the company’s stock, valued at approximately $80,982,276.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Dev Ittycheria also recently made the following trade(s):

  • On Thursday, May 6th, Dev Ittycheria sold 35,000 shares of MongoDB stock. The stock was sold at an average price of $258.80, for a total transaction of $9,058,000.00.
  • On Wednesday, April 7th, Dev Ittycheria sold 225,000 shares of MongoDB stock. The stock was sold at an average price of $289.73, for a total transaction of $65,189,250.00.
  • On Monday, April 5th, Dev Ittycheria sold 9,422 shares of MongoDB stock. The stock was sold at an average price of $283.30, for a total transaction of $2,669,252.60.

MDB opened at $329.52 on Friday. MongoDB, Inc. has a twelve month low of $186.27 and a twelve month high of $428.96. The company has a debt-to-equity ratio of 43.46, a quick ratio of 3.22 and a current ratio of 3.33. The business’s fifty day moving average price is $291.85. The firm has a market capitalization of $20.16 billion, a PE ratio of -71.48 and a beta of 0.73.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Wednesday, June 2nd. The company reported ($0.15) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.36) by $0.21. MongoDB had a negative net margin of 43.16% and a negative return on equity of 1,062.47%. The company had revenue of $181.60 million during the quarter, compared to analysts’ expectations of $169.96 million. During the same period in the prior year, the company posted ($0.13) earnings per share. MongoDB’s revenue for the quarter was up 39.4% compared to the same quarter last year. On average, equities research analysts anticipate that MongoDB, Inc. will post -4.48 EPS for the current fiscal year.

Several equities analysts recently commented on MDB shares. UBS Group dropped their price objective on shares of MongoDB from $325.00 to $300.00 and set a “neutral” rating for the company in a research note on Friday, June 4th. Citigroup increased their price objective on shares of MongoDB from $445.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, June 4th. Zacks Investment Research downgraded shares of MongoDB from a “hold” rating to a “sell” rating in a research note on Wednesday. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price objective on shares of MongoDB from $445.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, June 4th. Finally, DA Davidson raised their price target on shares of MongoDB from $275.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, March 10th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $374.25.

Large investors have recently bought and sold shares of the business. HBC Financial Services PLLC acquired a new stake in MongoDB in the fourth quarter worth $25,000. Navis Wealth Advisors LLC acquired a new stake in MongoDB in the fourth quarter worth $36,000. Grandview Asset Management LLC acquired a new stake in MongoDB in the first quarter worth $37,000. CWM LLC grew its holdings in MongoDB by 84.7% in the fourth quarter. CWM LLC now owns 109 shares of the company’s stock worth $39,000 after purchasing an additional 50 shares during the period. Finally, Quadrant Capital Group LLC grew its holdings in MongoDB by 39.4% in the first quarter. Quadrant Capital Group LLC now owns 145 shares of the company’s stock worth $39,000 after purchasing an additional 41 shares during the period. Institutional investors and hedge funds own 86.21% of the company’s stock.

About MongoDB

MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

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