Cedric Pech Sells 302 Shares of MongoDB, Inc. (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) CRO Cedric Pech sold 302 shares of MongoDB stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $77,387.50. Following the transaction, the executive now directly owns 33,440 shares in the company, valued at approximately $8,569,000. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

MongoDB Stock Up 4.9 %

MDB stock opened at $265.36 on Friday. The stock has a market capitalization of $19.46 billion, a price-to-earnings ratio of -94.43 and a beta of 1.15. The company has a 50-day moving average of $261.97 and a two-hundred day moving average of $290.47. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $509.62. 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 (NASDAQ:MDB) last announced 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 firm had revenue of $478.11 million during the quarter, compared to the consensus estimate of $465.03 million. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.63) EPS. As a group, equities research analysts anticipate that MongoDB, Inc. will post -2.44 EPS for the current year.

Analysts Set New Price Targets

MDB has been the topic of a number of research analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $380.00 price objective on shares of MongoDB in a research report on Friday, August 30th. UBS Group boosted their price target on shares of MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Sanford C. Bernstein increased their price objective on MongoDB from $358.00 to $360.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Piper Sandler lifted their price objective on MongoDB from $300.00 to $335.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Finally, Tigress Financial dropped their target price on MongoDB from $500.00 to $400.00 and set a “buy” rating on the stock in a research report on Thursday, July 11th. One investment 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. Based on data from MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and an average price target of $337.56.

Institutional Investors Weigh In On MongoDB

Several hedge funds and other institutional investors have recently modified their holdings of MDB. Red Spruce Capital LLC boosted its holdings in MongoDB by 47.1% in the 3rd quarter. Red Spruce Capital LLC now owns 7,970 shares of the company’s stock valued at $2,155,000 after purchasing an additional 2,551 shares during the period. Handelsbanken Fonder AB lifted its stake in shares of MongoDB by 1.5% in the third quarter. Handelsbanken Fonder AB now owns 23,157 shares of the company’s stock valued at $6,260,000 after buying an additional 351 shares during the period. Centaurus Financial Inc. grew its position in MongoDB by 6.5% during the second quarter. Centaurus Financial Inc. now owns 2,456 shares of the company’s stock worth $614,000 after buying an additional 149 shares in the last quarter. Newbridge Financial Services Group Inc. increased its stake in MongoDB by 25.6% during the second quarter. Newbridge Financial Services Group Inc. now owns 1,400 shares of the company’s stock valued at $350,000 after acquiring an additional 285 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in MongoDB during the second quarter worth about $1,860,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

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.