MongoDB, Inc. (NASDAQ:MDB) CRO Sells $1,654,100.00 in Stock

MongoDB, Inc. (NASDAQ:MDB) CRO Cedric Pech sold 4,726 shares of the company’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $350.00, for a total transaction of $1,654,100.00. Following the completion of the sale, the executive now directly owns 35,992 shares of the company’s stock, valued at $12,597,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Cedric Pech also recently made the following trade(s):

• On Tuesday, April 2nd, Cedric Pech sold 1,430 shares of MongoDB stock. The stock was sold at an average price of $348.11, for a total transaction of $497,797.30.
• On Tuesday, January 16th, Cedric Pech sold 1,248 shares of MongoDB stock. The stock was sold at an average price of $400.00, for a total transaction of $499,200.00.

MongoDB Stock Up 0.1 %

Shares of MDB traded up $0.50 during midday trading on Monday, hitting $363.32. The company had a trading volume of 901,384 shares, compared to its average volume of 1,422,509. The company’s 50-day simple moving average is $408.98 and its 200-day simple moving average is $389.83. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.40 and a current ratio of 4.40. The firm has a market capitalization of $26.46 billion, a P/E ratio of -145.72 and a beta of 1.20. MongoDB, Inc. has a 1 year low of $198.72 and a 1 year high of $509.62.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by ($0.32). The company had revenue of $458.00 million during the quarter, compared to analysts’ expectations of $431.99 million. MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. As a group, sell-side analysts expect that MongoDB, Inc. will post -2.53 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Redburn Atlantic reiterated a “sell” rating and issued a $295.00 target price (down from $410.00) on shares of MongoDB in a report on Tuesday, March 19th. JMP Securities restated a “market outperform” rating and set a $440.00 price objective on shares of MongoDB in a report on Monday, January 22nd. Needham & Company LLC restated a “buy” rating and set a $495.00 price objective on shares of MongoDB in a report on Wednesday, January 17th. Tigress Financial upped their price objective on shares of MongoDB from $495.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Finally, Guggenheim upped their price objective on shares of MongoDB from $250.00 to $272.00 and gave the company a “sell” rating in a report on Monday, March 4th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $449.85.

Hedge Funds Weigh In On MongoDB

Several hedge funds and other institutional investors have recently made changes to their positions in MDB. Vanguard Group Inc. lifted its stake in MongoDB by 2.9% during the fourth quarter. Vanguard Group Inc. now owns 6,842,413 shares of the company’s stock worth $2,797,521,000 after purchasing an additional 194,148 shares during the last quarter. Jennison Associates LLC lifted its stake in MongoDB by 3.3% during the fourth quarter. Jennison Associates LLC now owns 3,856,857 shares of the company’s stock worth $1,576,876,000 after purchasing an additional 122,893 shares during the last quarter. State Street Corp lifted its stake in MongoDB by 1.8% during the first quarter. State Street Corp now owns 1,386,773 shares of the company’s stock worth $323,280,000 after purchasing an additional 24,595 shares during the last quarter. 1832 Asset Management L.P. lifted its stake in MongoDB by 3,283,771.0% during the fourth quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock worth $200,383,000 after purchasing an additional 1,017,969 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in MongoDB by 3.8% during the first quarter. Geode Capital Management LLC now owns 967,289 shares of the company’s stock worth $225,174,000 after purchasing an additional 35,541 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

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.