Insider Selling: MongoDB, Inc. (NASDAQ:MDB) Insider Sells 287 Shares of Stock

MongoDB, Inc. (NASDAQ:MDB) insider Cedric Pech sold 287 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $67,183.83. Following the completion of the transaction, the insider now directly owns 24,390 shares of the company’s stock, valued at approximately $5,709,455.10. This represents a 1.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $245.96 on Wednesday. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year high of $509.62. The firm has a market capitalization of $18.32 billion, a PE ratio of -89.77 and a beta of 1.25. The business’s 50 day moving average price is $284.11 and its 200-day moving average price is $269.17.

MongoDB (NASDAQ:MDB) last released its earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.48. The business had revenue of $529.40 million during the quarter, compared to analyst estimates of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The company’s revenue for the quarter was up 22.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.96 earnings per share. As a group, analysts expect that MongoDB, Inc. will post -1.86 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Aigen Investment Management LP acquired a new stake in shares of MongoDB in the third quarter valued at approximately $1,045,000. Geode Capital Management LLC grew its holdings in MongoDB by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock valued at $331,776,000 after buying an additional 34,814 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of MongoDB in the 3rd quarter worth $4,366,000. Charles Schwab Investment Management Inc. raised its holdings in shares of MongoDB by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock worth $75,271,000 after acquiring an additional 7,575 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in shares of MongoDB during the 2nd quarter valued at about $1,860,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MDB has been the subject of a number of research analyst reports. Barclays raised their target price on MongoDB from $375.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Loop Capital lifted their target price on MongoDB from $315.00 to $400.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Scotiabank upped their target price on MongoDB from $295.00 to $350.00 and gave the company a “sector perform” rating in a research report on Tuesday, December 10th. Canaccord Genuity Group raised their price target on shares of MongoDB from $325.00 to $385.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, Robert W. Baird upped their price objective on shares of MongoDB from $380.00 to $390.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $367.14.

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.