MongoDB, Inc. (NASDAQ:MDB) CFO Srdjan Tanjga Sells 525 Shares

MongoDB, Inc. (NASDAQ:MDB) CFO Srdjan Tanjga sold 525 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $90,961.50. Following the completion of the transaction, the chief financial officer now directly owns 6,406 shares of the company’s stock, valued at approximately $1,109,903.56. The trade was a 7.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

MongoDB Stock Down 5.5 %

Shares of NASDAQ MDB traded down $8.95 during mid-day trading on Friday, reaching $154.39. 3,888,420 shares of the company were exchanged, compared to its average volume of 1,758,640. The stock has a market capitalization of $12.53 billion, a P/E ratio of -56.35 and a beta of 1.49. The company’s 50-day simple moving average is $236.68 and its 200-day simple moving average is $262.08. MongoDB, Inc. has a twelve month low of $151.67 and a twelve month high of $387.19.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). The firm had revenue of $548.40 million for the quarter, compared to the consensus estimate 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 in the prior year, the firm earned $0.86 EPS. As a group, equities research analysts expect that MongoDB, Inc. will post -1.78 EPS for the current year.

Analysts Set New Price Targets

MDB has been the topic of several recent analyst reports. Piper Sandler cut their price objective on MongoDB from $425.00 to $280.00 and set an “overweight” rating on the stock in a report on Thursday, March 6th. Loop Capital reduced their price target on shares of MongoDB from $400.00 to $350.00 and set a “buy” rating for the company in a report on Monday, March 3rd. The Goldman Sachs Group lowered their price objective on shares of MongoDB from $390.00 to $335.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. DA Davidson boosted their price objective on shares of MongoDB from $340.00 to $405.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Finally, Cantor Fitzgerald started coverage on MongoDB in a report on Wednesday, March 5th. They set an “overweight” rating and a $344.00 target price for the company. Seven investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and a consensus price target of $312.84.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. B.O.S.S. Retirement Advisors LLC acquired a new position in shares of MongoDB in the fourth quarter valued at about $606,000. Geode Capital Management LLC boosted 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 purchasing an additional 34,814 shares during the period. Union Bancaire Privee UBP SA acquired a new position in shares of MongoDB during the 4th quarter worth approximately $3,515,000. Nisa Investment Advisors LLC increased its holdings in shares of MongoDB by 428.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 5,755 shares of the company’s stock worth $1,340,000 after purchasing an additional 4,665 shares during the period. Finally, HighTower Advisors LLC raised its position in shares of MongoDB by 2.0% in the fourth quarter. HighTower Advisors LLC now owns 18,773 shares of the company’s stock valued at $4,371,000 after buying an additional 372 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

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.