Insider Selling: MongoDB, Inc. (NASDAQ:MDB) CAO Sells 169 Shares of Stock

MongoDB, Inc. (NASDAQ:MDB) CAO Thomas Bull sold 169 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $39,561.21. Following the sale, the chief accounting officer now directly owns 14,899 shares in the company, valued at approximately $3,487,706.91. This trade represents a 1.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 value of $355,920.00.

MongoDB Stock Down 2.7 %

Shares of NASDAQ:MDB opened at $245.96 on Wednesday. The business has a fifty day moving average of $284.11 and a two-hundred day moving average of $269.17. The stock has a market cap of $18.32 billion, a P/E ratio of -89.77 and a beta of 1.25. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $509.62.

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

Institutional Investors Weigh In On MongoDB

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jennison Associates LLC grew its holdings in shares of MongoDB by 23.6% during the 3rd quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock worth $838,632,000 after purchasing an additional 592,038 shares during the period. Geode Capital Management LLC increased its position in shares of MongoDB by 2.9% during the third 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 stake in shares of MongoDB by 1.5% in 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 during the period. Thrivent Financial for Lutherans lifted its holdings in shares of MongoDB by 1,098.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company’s stock worth $106,084,000 after acquiring an additional 388,979 shares during the last quarter. Finally, Holocene Advisors LP boosted its position in shares of MongoDB by 22.6% during the 3rd 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. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MDB. Truist Financial reissued a “buy” rating and set a $400.00 price target (up from $320.00) on shares of MongoDB in a report on Tuesday, December 10th. Loop Capital raised their target price on MongoDB from $315.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. DA Davidson upped their price target on MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Morgan Stanley raised their price objective on MongoDB from $340.00 to $350.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Finally, Barclays upped their target price on MongoDB from $375.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and an average 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.