MongoDB, Inc. (NASDAQ:MDB) Director Hope F. Cochran Sells 1,175 Shares

MongoDB, Inc. (NASDAQ:MDB) Director Hope F. Cochran sold 1,175 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $266.99, for a total transaction of $313,713.25. Following the completion of the transaction, the director now owns 17,570 shares in the company, valued at $4,691,014.30. The trade was a 6.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

MongoDB Trading Down 3.0 %

MDB stock opened at $245.00 on Friday. The stock has a market cap of $18.10 billion, a PE ratio of -89.42 and a beta of 1.17. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $509.62. The company has a 50-day moving average price of $291.99 and a 200 day moving average price of $267.25.

MongoDB (NASDAQ:MDB) last released its earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, beating 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 firm had revenue of $529.40 million for the quarter, compared to analysts’ expectations of $497.39 million. During the same quarter in the prior year, the firm posted $0.96 earnings per share. The company’s quarterly revenue was up 22.3% on a year-over-year basis. Sell-side analysts forecast that MongoDB, Inc. will post -2.29 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MDB. KeyCorp lifted their target price on MongoDB from $330.00 to $375.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Sanford C. Bernstein lifted their price objective on MongoDB from $358.00 to $360.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. JMP Securities reissued a “market outperform” rating and issued a $380.00 target price on shares of MongoDB in a report on Wednesday, December 11th. Royal Bank of Canada raised their target price on shares of MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Finally, Morgan Stanley upped their price target on shares of MongoDB from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $366.14.

Institutional Trading of MongoDB

Several institutional investors and hedge funds have recently made changes to their positions in the business. Jennison Associates LLC raised its stake in shares of MongoDB by 23.6% during the third quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock valued at $838,632,000 after acquiring an additional 592,038 shares in the last quarter. Geode Capital Management LLC raised its position in MongoDB by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock valued at $331,776,000 after purchasing an additional 34,814 shares in the last quarter. Westfield Capital Management Co. LP lifted its holdings in shares of MongoDB by 1.5% in the 3rd quarter. Westfield Capital Management Co. LP now owns 496,248 shares of the company’s stock worth $134,161,000 after buying an additional 7,526 shares during the period. Thrivent Financial for Lutherans grew its position in shares of MongoDB by 1,098.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company’s stock worth $106,084,000 after buying an additional 388,979 shares in the last quarter. Finally, Holocene Advisors LP increased its stake in shares of MongoDB by 22.6% during the third quarter. Holocene Advisors LP now owns 362,603 shares of the company’s stock valued at $98,030,000 after buying an additional 66,730 shares during the period. 89.29% of the stock is currently owned by institutional investors.

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.