Insider Selling: MongoDB, Inc. (NASDAQ:MDB) CAO Sells 301 Shares of Stock

MongoDB, Inc. (NASDAQ:MDB) CAO Thomas Bull sold 301 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total value of $52,148.25. Following the transaction, the chief accounting officer now directly owns 14,598 shares of the company’s stock, valued at $2,529,103.50. This represents a 2.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

MongoDB Price Performance

MDB stock opened at $154.39 on Friday. The firm’s fifty day simple moving average is $236.68 and its 200-day simple moving average is $261.91. MongoDB, Inc. has a 12 month low of $151.52 and a 12 month high of $387.19. The company has a market capitalization of $12.53 billion, a P/E ratio of -56.35 and a beta of 1.49.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results 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 company had revenue of $548.40 million during the quarter, compared to analyst estimates of $519.65 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. During the same period in the previous year, the firm posted $0.86 earnings per share. As a group, sell-side analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Institutional Investors Weigh In On MongoDB

A number of institutional investors have recently modified their holdings of MDB. B.O.S.S. Retirement Advisors LLC purchased a new position in MongoDB during the fourth quarter worth approximately $606,000. Geode Capital Management LLC grew its stake 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 acquiring an additional 34,814 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in MongoDB in the 4th quarter worth $3,515,000. Nisa Investment Advisors LLC raised its position in 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 acquiring an additional 4,665 shares during the period. Finally, HighTower Advisors LLC lifted its holdings in MongoDB by 2.0% during the fourth quarter. HighTower Advisors LLC now owns 18,773 shares of the company’s stock valued at $4,371,000 after purchasing an additional 372 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on MDB. Loop Capital dropped their price objective on shares of MongoDB from $400.00 to $350.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. Wedbush dropped their price target on MongoDB from $360.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Wells Fargo & Company lowered MongoDB from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $365.00 to $225.00 in a research report on Thursday, March 6th. Tigress Financial boosted their target price on MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, Oppenheimer cut their target price on MongoDB from $400.00 to $330.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Seven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and a consensus 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.