MongoDB, Inc. (NASDAQ:MDB) CAO Sells $52,148.25 in Stock

MongoDB, Inc. (NASDAQ:MDB) CAO Thomas Bull sold 301 shares of the business’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total value of $52,148.25. Following the transaction, the chief accounting officer now directly owns 14,598 shares of the company’s stock, valued at $2,529,103.50. The trade was a 2.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

MongoDB Stock Down 5.5 %

Shares of MDB stock opened at $154.39 on Friday. MongoDB, Inc. has a 52-week low of $151.52 and a 52-week high of $387.19. The stock’s 50-day moving average price is $236.68 and its 200 day moving average price is $262.08. The stock has a market capitalization of $12.53 billion, a PE ratio of -56.35 and a beta of 1.49.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.45). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company had revenue of $548.40 million for the quarter, compared to analysts’ expectations of $519.65 million. During the same quarter last year, the company earned $0.86 EPS. Analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Institutional Trading of MongoDB

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in MongoDB by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 7,328,745 shares of the company’s stock worth $1,706,205,000 after purchasing an additional 23,942 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of MongoDB by 9.7% during the 4th quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company’s stock worth $478,398,000 after buying an additional 181,962 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of MongoDB by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 1,252,142 shares of the company’s stock valued at $290,987,000 after buying an additional 22,106 shares in the last quarter. First Trust Advisors LP grew its holdings in MongoDB by 12.6% during the fourth quarter. First Trust Advisors LP now owns 854,906 shares of the company’s stock worth $199,031,000 after acquiring an additional 95,893 shares during the period. Finally, Norges Bank purchased a new position in MongoDB in the fourth quarter worth $189,584,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Wedbush lowered their price objective on MongoDB from $360.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. China Renaissance initiated coverage on shares of MongoDB in a report on Tuesday, January 21st. They set a “buy” rating and a $351.00 price target for the company. Scotiabank restated a “sector perform” rating and issued a $240.00 price objective (down from $275.00) on shares of MongoDB in a report on Wednesday, March 5th. Oppenheimer decreased their price objective on shares of MongoDB from $400.00 to $330.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Finally, Citigroup dropped their target price on MongoDB from $430.00 to $330.00 and set a “buy” rating on the stock in a report on Tuesday. Seven 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $312.84.

MongoDB Company Profile

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.