MongoDB, Inc. (NASDAQ:MDB) CAO Thomas Bull Sells 1,000 Shares

MongoDB, Inc. (NASDAQ:MDB) CAO Thomas Bull sold 1,000 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $282.89, for a total value of $282,890.00. Following the sale, the chief accounting officer now owns 16,222 shares of the company’s stock, valued at approximately $4,589,041.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, July 2nd, Thomas Bull sold 138 shares of MongoDB stock. The stock was sold at an average price of $265.29, for a total value of $36,610.02.

MongoDB Trading Up 1.8 %

Shares of NASDAQ:MDB traded up $5.20 on Wednesday, hitting $296.69. 1,123,702 shares of the company’s stock were exchanged, compared to its average volume of 1,506,879. The business’s 50 day simple moving average is $254.14 and its two-hundred day simple moving average is $305.46. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03. The stock has a market capitalization of $21.92 billion, a price-to-earnings ratio of -103.73 and a beta of 1.15. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $509.62.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.21. The company had revenue of $478.11 million during the quarter, compared to analysts’ expectations of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.63) EPS. Analysts anticipate that MongoDB, Inc. will post -2.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MDB. Royal Bank of Canada reissued an “outperform” rating and issued a $350.00 target price on shares of MongoDB in a report on Friday, August 30th. Loop Capital dropped their price objective on shares of MongoDB from $415.00 to $315.00 and set a “buy” rating for the company in a report on Friday, May 31st. DA Davidson lifted their target price on MongoDB from $265.00 to $330.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Bank of America increased their price target on MongoDB from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Scotiabank lifted their price objective on MongoDB from $250.00 to $295.00 and gave the stock a “sector perform” rating in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus target price of $337.56.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MDB. Vanguard Group Inc. lifted its holdings in shares of MongoDB by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 6,910,761 shares of the company’s stock worth $2,478,475,000 after buying an additional 68,348 shares during the period. Jennison Associates LLC increased its position in MongoDB by 14.3% during the 1st quarter. Jennison Associates LLC now owns 4,408,424 shares of the company’s stock valued at $1,581,037,000 after purchasing an additional 551,567 shares during the period. Norges Bank bought a new stake in shares of MongoDB in the 4th quarter valued at about $326,237,000. Swedbank AB lifted its position in shares of MongoDB by 156.3% in the 2nd quarter. Swedbank AB now owns 656,993 shares of the company’s stock worth $164,222,000 after purchasing an additional 400,705 shares during the period. Finally, Champlain Investment Partners LLC increased its holdings in MongoDB by 22.4% during the first quarter. Champlain Investment Partners LLC now owns 550,684 shares of the company’s stock valued at $197,497,000 after buying an additional 100,725 shares during the period. 89.29% of the stock is currently 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.