MongoDB, Inc. (NASDAQ:MDB) CFO Sells $90,961.50 in Stock

MongoDB, Inc. (NASDAQ:MDB) CFO Srdjan Tanjga sold 525 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $90,961.50. Following the completion of the sale, the chief financial officer now directly owns 6,406 shares of the company’s stock, valued at $1,109,903.56. This represents a 7.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

MongoDB Trading Down 5.5 %

Shares of MDB traded down $8.95 on Friday, reaching $154.39. 3,888,420 shares of the company’s stock were exchanged, compared to its average volume of 1,758,640. The business has a 50 day moving average price of $236.68 and a two-hundred day moving average price of $262.08. MongoDB, Inc. has a 12 month low of $151.67 and a 12 month high of $387.19. The stock has a market capitalization of $12.53 billion, a P/E ratio of -56.35 and a beta of 1.49.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Royal Bank of Canada decreased their price target on shares of MongoDB from $400.00 to $320.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Oppenheimer reduced their price objective on MongoDB from $400.00 to $330.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Morgan Stanley cut their target price on MongoDB from $350.00 to $315.00 and set an “overweight” rating for the company in a research note on Thursday, March 6th. Wedbush cut their price target on shares of MongoDB from $360.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Finally, Cantor Fitzgerald assumed coverage on MongoDB in a research note on Wednesday, March 5th. They issued an “overweight” rating and a $344.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and an average price target of $312.84.

Institutional Investors Weigh In On MongoDB

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MDB. Moody National Bank Trust Division grew its position in shares of MongoDB by 5.6% during the 1st quarter. Moody National Bank Trust Division now owns 1,751 shares of the company’s stock worth $307,000 after buying an additional 93 shares during the period. Versant Capital Management Inc raised its position in shares of MongoDB by 237.2% in the 1st quarter. Versant Capital Management Inc now owns 607 shares of the company’s stock valued at $106,000 after acquiring an additional 427 shares during the period. 111 Capital bought a new position in MongoDB during the 4th quarter worth approximately $390,000. Lansforsakringar Fondforvaltning AB publ acquired a new position in MongoDB during the fourth quarter valued at approximately $5,769,000. Finally, Centaurus Financial Inc. increased its stake in MongoDB by 19.0% in the fourth quarter. Centaurus Financial Inc. now owns 2,499 shares of the company’s stock valued at $582,000 after purchasing an additional 399 shares in the last quarter. 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.