MongoDB, Inc. (NASDAQ:MDB) Director Hope F. Cochran Sells 1,175 Shares

MongoDB, Inc. (NASDAQ:MDB) Director Hope F. Cochran sold 1,175 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $174.69, for a total value of $205,260.75. Following the completion of the transaction, the director now directly owns 19,333 shares of the company’s stock, valued at $3,377,281.77. This trade represents a 5.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

MongoDB Price Performance

NASDAQ:MDB traded down $16.85 during trading hours on Thursday, reaching $163.34. 3,342,136 shares of the company traded hands, compared to its average volume of 1,749,509. The firm’s 50-day moving average is $240.77 and its 200-day moving average is $263.72. The stock has a market cap of $13.26 billion, a P/E ratio of -59.61 and a beta of 1.30. MongoDB, Inc. has a 1-year low of $160.47 and a 1-year high of $387.19.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The company had revenue of $548.40 million for the quarter, compared to analyst estimates of $519.65 million. During the same period in the previous year, the business earned $0.86 EPS. As a group, research analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MDB shares. The Goldman Sachs Group lowered their target price on shares of MongoDB from $390.00 to $335.00 and set a “buy” rating for the company in a report on Thursday, March 6th. DA Davidson upped their price objective on shares of MongoDB from $340.00 to $405.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Tigress Financial lifted their target price on MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Wedbush decreased their target price on MongoDB from $360.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Finally, Barclays cut their price target on MongoDB from $330.00 to $280.00 and set an “overweight” rating on the stock in a research report on Thursday, March 6th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $312.84.

Hedge Funds Weigh In On MongoDB

Several institutional investors and hedge funds have recently modified their holdings of MDB. B.O.S.S. Retirement Advisors LLC acquired a new position in MongoDB in the 4th quarter valued at $606,000. Geode Capital Management LLC lifted its position in MongoDB by 2.9% during the third 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 during the period. Union Bancaire Privee UBP SA acquired a new stake in MongoDB in the 4th quarter worth about $3,515,000. Nisa Investment Advisors LLC grew its holdings in MongoDB by 428.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,755 shares of the company’s stock valued at $1,340,000 after buying an additional 4,665 shares during the period. Finally, HighTower Advisors LLC increased its stake in shares of MongoDB by 2.0% during the 4th quarter. HighTower Advisors LLC now owns 18,773 shares of the company’s stock valued at $4,371,000 after acquiring an additional 372 shares during the last quarter. 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.