Insider Selling: MongoDB, Inc. (NASDAQ:MDB) Director Sells 1,174 Shares of Stock

MongoDB, Inc. (NASDAQ:MDBGet Free Report) Director Hope F. Cochran sold 1,174 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $224.38, for a total value of $263,422.12. Following the completion of the sale, the director now owns 13,011 shares of the company’s stock, valued at approximately $2,919,408.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

MongoDB Trading Up 0.7 %

Shares of NASDAQ MDB opened at $220.45 on Friday. The company has a market cap of $16.17 billion, a price-to-earnings ratio of -78.45 and a beta of 1.13. MongoDB, Inc. has a 12-month low of $214.74 and a 12-month high of $509.62. The company has a current ratio of 4.93, a quick ratio of 4.93 and a debt-to-equity ratio of 0.90. The stock’s 50 day simple moving average is $317.23 and its 200 day simple moving average is $373.27.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on MDB shares. Oppenheimer lowered their target price on MongoDB from $480.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday, May 31st. Truist Financial lowered their price objective on MongoDB from $475.00 to $300.00 and set a “buy” rating for the company in a research note on Friday, May 31st. Piper Sandler lowered their price objective on MongoDB from $480.00 to $350.00 and set an “overweight” rating for the company in a research note on Friday, May 31st. Needham & Company LLC restated a “buy” rating and set a $290.00 price objective on shares of MongoDB in a research note on Thursday, June 13th. Finally, Stifel Nicolaus lowered their price objective on MongoDB from $435.00 to $300.00 and set a “buy” rating for the company in a research note on Friday, May 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $364.11.

Read Our Latest Stock Analysis on MDB

Institutional Trading of MongoDB

Several hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its stake in MongoDB by 7.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,474 shares of the company’s stock valued at $856,000 after acquiring an additional 166 shares in the last quarter. QRG Capital Management Inc. bought a new stake in MongoDB during the 3rd quarter valued at $4,256,000. Envestnet Portfolio Solutions Inc. bought a new stake in MongoDB during the 3rd quarter valued at $651,000. Envestnet Asset Management Inc. raised its stake in MongoDB by 54.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 64,491 shares of the company’s stock valued at $22,305,000 after acquiring an additional 22,699 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in MongoDB by 7.0% during the 3rd quarter. Nordea Investment Management AB now owns 4,685 shares of the company’s stock valued at $1,669,000 after acquiring an additional 308 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

About MongoDB

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for MongoDB (NASDAQ:MDB)

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