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

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

MongoDB Trading Down 5.5 %

MongoDB stock opened at $154.39 on Friday. The company has a fifty day simple moving average of $236.68 and a 200 day simple moving average of $261.91. MongoDB, Inc. has a 1-year low of $151.52 and a 1-year high of $387.19. The company has a market cap of $12.53 billion, a P/E ratio of -56.35 and a beta of 1.49.

MongoDB (NASDAQ:MDB) last released its 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). MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The company had revenue of $548.40 million during the quarter, compared to analyst estimates of $519.65 million. During the same period in the prior year, the firm posted $0.86 EPS. On average, equities research analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current year.

Institutional Investors Weigh In On MongoDB

Several large investors have recently made changes to their positions in MDB. The Manufacturers Life Insurance Company increased its holdings in MongoDB by 3.8% during the third quarter. The Manufacturers Life Insurance Company now owns 28,101 shares of the company’s stock worth $7,596,000 after buying an additional 1,022 shares during the last quarter. MetLife Investment Management LLC grew its position in shares of MongoDB by 1.6% in the 3rd quarter. MetLife Investment Management LLC now owns 4,450 shares of the company’s stock valued at $1,203,000 after acquiring an additional 72 shares during the period. Captrust Financial Advisors increased its stake in shares of MongoDB by 19.0% during the 3rd quarter. Captrust Financial Advisors now owns 1,445 shares of the company’s stock worth $391,000 after purchasing an additional 231 shares during the last quarter. Benjamin Edwards Inc. bought a new stake in shares of MongoDB in the 3rd quarter valued at about $1,055,000. Finally, Hilltop Holdings Inc. acquired a new stake in MongoDB in the 3rd quarter valued at about $292,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on MDB. Barclays dropped their price target on shares of MongoDB from $330.00 to $280.00 and set an “overweight” rating for the company in a research note on Thursday, March 6th. JMP Securities reiterated a “market outperform” rating and set a $380.00 target price on shares of MongoDB in a research report on Wednesday, December 11th. Wedbush cut their price target on MongoDB from $360.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Stifel Nicolaus decreased their price objective on MongoDB from $425.00 to $340.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Finally, The Goldman Sachs Group cut their target price on MongoDB from $390.00 to $335.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.