Insider Selling: MongoDB, Inc. (NASDAQ:MDB) CFO Sells 2,704 Shares of Stock
MongoDB, Inc. (NASDAQ:MDB – Get Rating) CFO Michael Lawrence Gordon sold 2,704 shares of the stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $264.47, for a total value of $715,126.88. Following the completion of the sale, the chief financial officer now owns 93,132 shares of the company’s stock, valued at $24,630,620.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
NASDAQ:MDB opened at $314.16 on Friday. The firm has a 50-day moving average price of $271.34 and a two-hundred day moving average price of $360.12. The company has a debt-to-equity ratio of 1.69, a quick ratio of 4.16 and a current ratio of 4.16. MongoDB, Inc. has a 52 week low of $213.39 and a 52 week high of $590.00. The firm has a market cap of $21.40 billion, a price-to-earnings ratio of -64.91 and a beta of 0.91.
MongoDB (NASDAQ:MDB – Get Rating) last issued its quarterly earnings results on Wednesday, June 1st. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.34) by $1.54. MongoDB had a negative net margin of 32.75% and a negative return on equity of 45.56%. The company had revenue of $285.45 million during the quarter, compared to analyst estimates of $267.10 million. During the same quarter last year, the business posted ($0.98) EPS. MongoDB’s quarterly revenue was up 57.1% compared to the same quarter last year. As a group, sell-side analysts forecast that MongoDB, Inc. will post -5.09 earnings per share for the current year.
A number of brokerages have commented on MDB. Barclays upped their price target on shares of MongoDB from $330.00 to $338.00 and gave the company an “overweight” rating in a research report on Thursday, June 2nd. Morgan Stanley cut their price target on shares of MongoDB from $378.00 to $368.00 and set an “overweight” rating on the stock in a research report on Thursday, June 2nd. Canaccord Genuity Group cut their price target on shares of MongoDB from $400.00 to $300.00 in a research report on Thursday, June 2nd. Citigroup upped their price target on shares of MongoDB from $405.00 to $425.00 in a research report on Thursday, June 2nd. Finally, Oppenheimer cut their price target on shares of MongoDB from $490.00 to $400.00 and set an “outperform” rating on the stock in a research report on Thursday, June 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and an average price target of $406.82.
Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of MongoDB by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 5,970,224 shares of the company’s stock worth $2,648,332,000 after purchasing an additional 121,201 shares during the last quarter. State Street Corp boosted its holdings in MongoDB by 0.6% in the 1st quarter. State Street Corp now owns 1,343,657 shares of the company’s stock worth $596,033,000 after buying an additional 7,389 shares during the period. Allspring Global Investments Holdings LLC bought a new position in MongoDB in the 4th quarter worth approximately $674,390,000. 1832 Asset Management L.P. boosted its holdings in MongoDB by 19.3% in the 1st quarter. 1832 Asset Management L.P. now owns 1,028,400 shares of the company’s stock worth $450,095,000 after buying an additional 166,400 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in MongoDB by 7.1% in the 4th quarter. Geode Capital Management LLC now owns 864,250 shares of the company’s stock worth $456,904,000 after buying an additional 56,940 shares during the period. Institutional investors own 88.70% of the company’s stock.
MongoDB Company Profile (Get Rating)
MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; 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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