MongoDB, Inc. (NASDAQ:MDB) CFO Sells $291,442.05 in Stock

MongoDB, Inc. (NASDAQ:MDB) CFO Michael Lawrence Gordon sold 1,245 shares of MongoDB stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $291,442.05. Following the sale, the chief financial officer now owns 79,062 shares of the company’s stock, valued at $18,507,623.58. The trade was a 1.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Michael Lawrence Gordon also recently made the following trade(s):

• On Monday, December 16th, Michael Lawrence Gordon sold 5,000 shares of MongoDB stock. The stock was sold at an average price of $267.85, for a total value of $1,339,250.00.
• On Monday, October 14th, Michael Lawrence Gordon sold 5,000 shares of MongoDB stock. The shares were sold at an average price of $290.31, for a total value of $1,451,550.00.

MongoDB Trading Up 1.1 %

MDB stock opened at $248.68 on Thursday. The business’s 50-day moving average is $283.52 and its 200 day moving average is $269.30. MongoDB, Inc. has a 12-month low of $212.74 and a 12-month high of $509.62. The stock has a market cap of $18.52 billion, a price-to-earnings ratio of -90.76 and a beta of 1.25.

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

Institutional Investors Weigh In On MongoDB

Large investors have recently modified their holdings of the business. Aigen Investment Management LP acquired a new position in MongoDB during the third quarter worth about $1,045,000. Geode Capital Management LLC lifted its stake 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 purchasing an additional 34,814 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of MongoDB during the 3rd quarter worth approximately $4,366,000. Charles Schwab Investment Management Inc. grew its position in shares of MongoDB by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock valued at $75,271,000 after purchasing an additional 7,575 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of MongoDB in the second quarter valued at approximately $1,860,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Analysts Set New Price Targets

MDB has been the topic of a number of recent research reports. Tigress Financial upped their target price on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Oppenheimer upped their price objective on shares of MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Wells Fargo & Company raised their target price on shares of MongoDB from $350.00 to $425.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. The Goldman Sachs Group upped their price target on shares of MongoDB from $340.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Scotiabank lifted their price objective on MongoDB from $295.00 to $350.00 and gave the company a “sector perform” rating in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $367.14.

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.