Thomas Bull Sells 4,250 Shares of MongoDB, Inc. (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) insider Thomas Bull sold 4,250 shares of the company’s stock in a transaction that occurred on Tuesday, June 8th. The stock was sold at an average price of $317.91, for a total value of $1,351,117.50. Following the transaction, the insider now directly owns 20,755 shares in the company, valued at $6,598,222.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Monday, April 5th, Thomas Bull sold 405 shares of MongoDB stock. The stock was sold at an average price of $283.29, for a total value of $114,732.45.

MDB stock opened at $329.52 on Friday. The company has a debt-to-equity ratio of 43.46, a current ratio of 3.33 and a quick ratio of 3.22. The company has a market cap of $20.16 billion, a P/E ratio of -71.48 and a beta of 0.73. MongoDB, Inc. has a fifty-two week low of $186.27 and a fifty-two week high of $428.96. The business’s fifty day moving average price is $291.85.

MongoDB (NASDAQ:MDB) last issued its earnings results on Wednesday, June 2nd. The company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.36) by $0.21. MongoDB had a negative return on equity of 1,062.47% and a negative net margin of 43.16%. The business had revenue of $181.60 million during the quarter, compared to the consensus estimate of $169.96 million. During the same quarter last year, the company earned ($0.13) EPS. The firm’s revenue was up 39.4% compared to the same quarter last year. On average, analysts predict that MongoDB, Inc. will post -4.48 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of MDB. Aequim Alternative Investments LP boosted its stake in MongoDB by 13,944.9% in the 4th quarter. Aequim Alternative Investments LP now owns 10,000,000 shares of the company’s stock worth $2,986,000 after purchasing an additional 9,928,800 shares during the period. Lone Pine Capital LLC purchased a new stake in shares of MongoDB in the 4th quarter valued at about $315,895,000. Tybourne Capital Management HK Ltd. purchased a new stake in shares of MongoDB in the 4th quarter valued at about $289,179,000. Price T Rowe Associates Inc. MD raised its holdings in shares of MongoDB by 35.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,105,487 shares of the company’s stock valued at $755,954,000 after acquiring an additional 554,855 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of MongoDB in the 4th quarter valued at about $195,138,000. Institutional investors and hedge funds own 86.21% of the company’s stock.

MDB has been the topic of a number of research reports. UBS Group lowered their target price on MongoDB from $325.00 to $300.00 and set a “neutral” rating on the stock in a research report on Friday, June 4th. Morgan Stanley lowered their target price on MongoDB from $415.00 to $377.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 25th. DA Davidson increased their price target on MongoDB from $275.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, March 10th. They noted that the move was a valuation call. Citigroup increased their price target on MongoDB from $445.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, June 4th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price target on MongoDB from $445.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, June 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $374.25.

MongoDB Company Profile

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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