MongoDB, Inc. (NASDAQ:MDB) Insider Cedric Pech Sells 1,690 Shares of Stock

MongoDB, Inc. (NASDAQ:MDB) insider Cedric Pech sold 1,690 shares of MongoDB stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $292,809.40. Following the completion of the sale, the insider now owns 57,634 shares of the company’s stock, valued at $9,985,666.84. This trade represents a 2.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

MongoDB Stock Performance

NASDAQ:MDB opened at $154.39 on Friday. The company has a market capitalization of $12.53 billion, a PE ratio of -56.35 and a beta of 1.49. MongoDB, Inc. has a fifty-two week low of $151.52 and a fifty-two week high of $387.19. The company has a 50 day simple moving average of $236.68 and a two-hundred day simple moving average of $262.08.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MDB. Strategic Investment Solutions Inc. IL acquired a new position in shares of MongoDB during the 4th quarter valued at $29,000. Hilltop National Bank raised its holdings in shares of MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after purchasing an additional 42 shares during the period. NCP Inc. bought a new position in shares of MongoDB during the 4th quarter worth about $35,000. Continuum Advisory LLC grew its stake in shares of MongoDB by 621.1% in the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after buying an additional 118 shares during the period. Finally, Versant Capital Management Inc increased its position in MongoDB by 1,100.0% in the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $42,000 after buying an additional 165 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MDB. Loop Capital dropped their price target on shares of MongoDB from $400.00 to $350.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Scotiabank reiterated a “sector perform” rating and set a $240.00 target price (down from $275.00) on shares of MongoDB in a research report on Wednesday, March 5th. Stifel Nicolaus decreased their price target on MongoDB from $425.00 to $340.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Morgan Stanley dropped their price target on MongoDB from $350.00 to $315.00 and set an “overweight” rating for the company in a research note on Thursday, March 6th. Finally, Guggenheim upgraded shares of MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price objective on the stock in a research note on Monday, January 6th. Seven research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.