MongoDB, Inc. (NASDAQ:MDB) CFO Sells $1,339,250.00 in Stock

MongoDB, Inc. (NASDAQ:MDB) CFO Michael Lawrence Gordon sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $267.85, for a total transaction of $1,339,250.00. Following the transaction, the chief financial officer now directly owns 80,307 shares in the company, valued at $21,510,229.95. The trade was a 5.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Monday, October 14th, Michael Lawrence Gordon sold 5,000 shares of MongoDB stock. The stock was sold at an average price of $290.31, for a total value of $1,451,550.00.
• On Wednesday, October 2nd, Michael Lawrence Gordon sold 1,884 shares of MongoDB stock. The shares were sold at an average price of $256.25, for a total value of $482,775.00.

MongoDB Price Performance

Shares of MongoDB stock opened at $245.63 on Friday. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62. The company has a market capitalization of $18.14 billion, a PE ratio of -89.65 and a beta of 1.17. The business has a 50-day moving average of $291.05 and a 200-day moving average of $267.32.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $497.39 million. During the same quarter in the prior year, the business posted $0.96 earnings per share. MongoDB’s revenue for the quarter was up 22.3% on a year-over-year basis. On average, equities analysts expect that MongoDB, Inc. will post -2.29 earnings per share for the current fiscal year.

Institutional Trading of MongoDB

A number of hedge funds and other institutional investors have recently made changes to their positions in MDB. Jennison Associates LLC increased its holdings in MongoDB by 23.6% in the third quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock valued at $838,632,000 after buying an additional 592,038 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of MongoDB by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock valued at $331,776,000 after acquiring an additional 34,814 shares during the last quarter. Westfield Capital Management Co. LP raised its position in shares of MongoDB by 1.5% during the 3rd quarter. Westfield Capital Management Co. LP now owns 496,248 shares of the company’s stock valued at $134,161,000 after acquiring an additional 7,526 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in MongoDB by 1,098.1% during the second quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company’s stock worth $106,084,000 after purchasing an additional 388,979 shares during the last quarter. Finally, Holocene Advisors LP boosted its holdings in MongoDB by 22.6% in the third quarter. Holocene Advisors LP now owns 362,603 shares of the company’s stock worth $98,030,000 after purchasing an additional 66,730 shares during the period. Institutional investors own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MDB. UBS Group raised their price target on MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Loop Capital boosted their target price on shares of MongoDB from $315.00 to $400.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Royal Bank of Canada upped their price target on shares of MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Wells Fargo & Company lifted their price target on shares of MongoDB from $350.00 to $425.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Finally, DA Davidson upped their price objective on MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $366.14.

About MongoDB

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.