MongoDB, Inc. (NASDAQ:MDB) Insider Sells $67,183.83 in Stock

MongoDB, Inc. (NASDAQ:MDB) insider Cedric Pech sold 287 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $67,183.83. Following the transaction, the insider now directly owns 24,390 shares in the company, valued at approximately $5,709,455.10. The trade was a 1.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

MongoDB Stock Performance

MongoDB stock traded up $6.47 during mid-day trading on Monday, reaching $252.86. 1,932,889 shares of the company were exchanged, compared to its average volume of 2,013,383. MongoDB, Inc. has a twelve month low of $212.74 and a twelve month high of $509.62. The firm’s 50-day simple moving average is $284.50 and its two-hundred day simple moving average is $268.59. The firm has a market cap of $18.83 billion, a PE ratio of -92.28 and a beta of 1.25.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $497.39 million. During the same period last year, the firm earned $0.96 EPS. The firm’s revenue for the quarter was up 22.3% on a year-over-year basis. As a group, equities research analysts anticipate that MongoDB, Inc. will post -1.86 EPS for the current year.

Institutional Trading of MongoDB

Hedge funds have recently modified their holdings of the business. Quarry LP lifted its holdings in shares of MongoDB by 2,580.0% in the 2nd quarter. Quarry LP now owns 134 shares of the company’s stock valued at $33,000 after buying an additional 129 shares during the period. Brooklyn Investment Group purchased a new position in MongoDB during the third quarter worth $36,000. GAMMA Investing LLC increased its position in MongoDB by 178.8% during the third quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock worth $39,000 after buying an additional 93 shares in the last quarter. Continuum Advisory LLC grew its position in shares of 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 purchasing an additional 118 shares during the period. Finally, Asset Dedication LLC acquired a new position in MongoDB in the second quarter valued at $41,000. 89.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MDB. Canaccord Genuity Group increased their target price on MongoDB from $325.00 to $385.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Robert W. Baird upped their price target on MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Macquarie assumed coverage on MongoDB in a report on Thursday, December 12th. They set a “neutral” rating and a $300.00 price target on the stock. Royal Bank of Canada upped their price target on MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Finally, Guggenheim upgraded MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price target on the stock in a report on Monday. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $367.14.

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.