Thomas Bull Sells 169 Shares of MongoDB, Inc. (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) CAO Thomas Bull sold 169 shares of MongoDB stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $39,561.21. Following the sale, the chief accounting officer now owns 14,899 shares of the company’s stock, valued at approximately $3,487,706.91. The trade was a 1.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Monday, December 9th, Thomas Bull sold 1,000 shares of MongoDB stock. The stock was sold at an average price of $355.92, for a total transaction of $355,920.00.

MongoDB Stock Performance

Shares of NASDAQ:MDB traded up $6.47 during midday trading on Monday, hitting $252.86. 1,932,889 shares of the company’s stock traded hands, compared to its average volume of 2,013,383. The company has a market cap of $18.83 billion, a PE ratio of -92.28 and a beta of 1.25. The firm’s fifty day moving average price is $284.50 and its two-hundred day moving average price is $268.59. MongoDB, Inc. has a twelve month low of $212.74 and a twelve month high of $509.62.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. During the same quarter in the previous year, the business posted $0.96 EPS. The firm’s revenue was up 22.3% compared to the same quarter last year. As a group, equities research analysts anticipate that MongoDB, Inc. will post -1.86 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on MDB shares. Barclays raised their price objective on shares of MongoDB from $375.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. The Goldman Sachs Group raised their price objective on shares of MongoDB from $340.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Loop Capital raised their price objective on shares of MongoDB from $315.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Needham & Company LLC raised their price objective on shares of MongoDB from $335.00 to $415.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, Wells Fargo & Company raised their price objective on shares of MongoDB from $350.00 to $425.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $367.14.

Hedge Funds Weigh In On MongoDB

Institutional investors have recently added to or reduced their stakes in the company. Aigen Investment Management LP acquired a new position in MongoDB in the 3rd quarter worth $1,045,000. Geode Capital Management LLC lifted its holdings in MongoDB by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock worth $331,776,000 after buying an additional 34,814 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in MongoDB in the 3rd quarter worth $4,366,000. Charles Schwab Investment Management Inc. lifted its holdings in MongoDB by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock worth $75,271,000 after buying an additional 7,575 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of MongoDB in the 2nd quarter worth about $1,860,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

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.