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 that occurred on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $291,442.05. Following the completion of the sale, the chief financial officer now directly owns 79,062 shares in the company, valued at approximately $18,507,623.58. The trade was a 1.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 shares were sold at an average price of $267.85, for a total transaction 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 transaction of $1,451,550.00.

MongoDB Trading Up 1.1 %

Shares of NASDAQ MDB opened at $248.68 on Thursday. MongoDB, Inc. has a 12-month low of $212.74 and a 12-month high of $509.62. The stock’s fifty day simple moving average is $283.52 and its two-hundred day simple moving average is $269.30. The stock has a market capitalization of $18.52 billion, a PE ratio of -90.76 and a beta of 1.25.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share 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 company had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. During the same quarter last year, the company earned $0.96 earnings per share. The firm’s revenue for the quarter was up 22.3% compared to the same quarter last year. On average, equities analysts predict that MongoDB, Inc. will post -1.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. KeyCorp boosted their target price on shares of MongoDB from $330.00 to $375.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Robert W. Baird upped their price objective on MongoDB from $380.00 to $390.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Citigroup boosted their target price on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Oppenheimer raised their price target on MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Finally, Wells Fargo & Company boosted their price objective on shares of MongoDB from $350.00 to $425.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Two equities research 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and a consensus price target of $367.14.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP boosted its stake in MongoDB by 2,580.0% in the second quarter. Quarry LP now owns 134 shares of the company’s stock valued at $33,000 after acquiring an additional 129 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of MongoDB in the 3rd quarter worth $36,000. GAMMA Investing LLC grew its stake in MongoDB by 178.8% during the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock worth $39,000 after buying an additional 93 shares during the last quarter. Continuum Advisory LLC raised its stake in MongoDB by 621.1% in the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after buying an additional 118 shares during the last quarter. Finally, Asset Dedication LLC purchased a new stake in MongoDB in the second quarter valued at about $41,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

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.