MongoDB, Inc. (NASDAQ:MDB) CEO Sells $911,225.00 in Stock

by · The Cerbat Gem

MongoDB, Inc. (NASDAQ:MDB – Get Free Report) CEO Dev Ittycheria sold 3,556 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total transaction of $911,225.00. Following the sale, the chief executive officer now owns 219,875 shares of the company’s stock, valued at approximately $56,342,968.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

MongoDB Trading Up 4.9 %

Shares of MDB opened at $265.36 on Monday. The firm has a market cap of $19.46 billion, a P/E ratio of -94.43 and a beta of 1.15. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year high of $509.62. The company has a 50 day simple moving average of $261.97 and a two-hundred day simple moving average of $289.99.

MongoDB (NASDAQ:MDB – Get Free Report) last posted its earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.21. The company had revenue of $478.11 million during the quarter, compared to analysts’ expectations of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. MongoDB’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period last year, the company posted ($0.63) earnings per share. On average, equities analysts expect that MongoDB, Inc. will post -2.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On MongoDB

Large investors have recently made changes to their positions in the company. Transcendent Capital Group LLC purchased a new position in MongoDB during the 4th quarter valued at approximately $25,000. MFA Wealth Advisors LLC purchased a new position in shares of MongoDB in the second quarter valued at $25,000. YHB Investment Advisors Inc. bought a new stake in MongoDB in the first quarter worth $41,000. Sunbelt Securities Inc. increased its position in MongoDB by 155.1% in the first quarter. Sunbelt Securities Inc. now owns 125 shares of the company’s stock worth $45,000 after purchasing an additional 76 shares during the last quarter. Finally, J.Safra Asset Management Corp raised its stake in MongoDB by 682.4% during the second quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock valued at $33,000 after purchasing an additional 116 shares in the last quarter. 89.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MDB shares. Sanford C. Bernstein upped their price objective on MongoDB from $358.00 to $360.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Scotiabank upped their price target on MongoDB from $250.00 to $295.00 and gave the company a “sector perform” rating in a report on Friday, August 30th. DA Davidson lifted their price objective on MongoDB from $265.00 to $330.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Truist Financial boosted their target price on MongoDB from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Needham & Company LLC raised their price target on shares of MongoDB from $290.00 to $335.00 and gave the company a “buy” rating in a report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $337.56.

View Our Latest Stock Report on MongoDB

About MongoDB

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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.

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