MongoDB, Inc. (NASDAQ:MDB) CAO Sells $355,920.00 in Stock

MongoDB, Inc. (NASDAQ:MDB) CAO Thomas Bull sold 1,000 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $355.92, for a total value of $355,920.00. Following the transaction, the chief accounting officer now owns 15,068 shares of the company’s stock, valued at approximately $5,363,002.56. This trade represents a 6.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Thomas Bull also recently made the following trade(s):

• On Wednesday, October 2nd, Thomas Bull sold 154 shares of MongoDB stock. The stock was sold at an average price of $256.25, for a total value of $39,462.50.

MongoDB Stock Up 2.2 %

Shares of NASDAQ:MDB traded up $6.30 on Wednesday, hitting $297.20. 3,522,515 shares of the company traded hands, compared to its average volume of 1,512,707. The company has a market cap of $21.95 billion, a PE ratio of -100.38 and a beta of 1.17. The stock has a 50 day simple moving average of $291.56 and a 200-day simple moving average of $268.79. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.48. The business had revenue of $529.40 million for the quarter, compared to analysts’ expectations of $497.39 million. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The firm’s quarterly revenue was up 22.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.96 EPS. As a group, research analysts expect that MongoDB, Inc. will post -2.37 earnings per share for the current year.

Hedge Funds Weigh In On MongoDB

Hedge funds and other institutional investors have recently bought and sold shares of the stock. MFA Wealth Advisors LLC bought a new stake in shares of MongoDB in the second quarter worth approximately $25,000. J.Safra Asset Management Corp lifted its holdings in shares of MongoDB by 682.4% during the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock valued at $33,000 after buying an additional 116 shares during the period. Quarry LP boosted its stake in shares of MongoDB by 2,580.0% in the 2nd quarter. Quarry LP now owns 134 shares of the company’s stock worth $33,000 after buying an additional 129 shares during the last quarter. Hantz Financial Services Inc. bought a new stake in shares of MongoDB in the second quarter worth $35,000. Finally, Brooklyn Investment Group purchased a new stake in MongoDB during the third quarter valued at $36,000. Institutional investors own 89.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on MDB shares. Piper Sandler restated an “overweight” rating and set a $425.00 price target on shares of MongoDB in a research report on Tuesday. Mizuho increased their price target on shares of MongoDB from $275.00 to $320.00 and gave the stock a “neutral” rating in a research note on Tuesday. DA Davidson lifted their price objective on MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a research note on Tuesday. Morgan Stanley boosted their price objective on MongoDB from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Wedbush raised MongoDB to a “strong-buy” rating in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $372.88.

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.