Insider Selling: MongoDB, Inc. (NASDAQ:MDB) Director Sells $313,713.25 in Stock

MongoDB, Inc. (NASDAQ:MDBGet Free Report) Director Hope F. Cochran sold 1,175 shares of MongoDB stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $266.99, for a total value of $313,713.25. Following the completion of the sale, the director now owns 17,570 shares in the company, valued at approximately $4,691,014.30. This trade represents a 6.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

MongoDB Trading Up 0.3 %

MongoDB stock opened at $245.63 on Friday. The stock has a fifty day moving average price of $291.05 and a 200 day moving average price of $267.57. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62. The firm has a market capitalization of $18.29 billion, a P/E ratio of -89.65 and a beta of 1.17.

MongoDB (NASDAQ:MDBGet Free Report) last announced its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. During the same period in the prior year, the firm posted $0.96 EPS. The company’s revenue was up 22.3% on a year-over-year basis. As a group, equities analysts predict that MongoDB, Inc. will post -2.29 EPS for the current year.

Institutional Trading of MongoDB

Several institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC raised its position in shares of MongoDB by 3.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company’s stock worth $295,000 after buying an additional 40 shares during the period. Taylor Frigon Capital Management LLC raised its holdings in shares of MongoDB by 0.4% in the 2nd quarter. Taylor Frigon Capital Management LLC now owns 9,903 shares of the company’s stock worth $2,475,000 after purchasing an additional 42 shares during the period. Tanager Wealth Management LLP lifted its stake in shares of MongoDB by 4.7% in the 3rd quarter. Tanager Wealth Management LLP now owns 957 shares of the company’s stock valued at $259,000 after purchasing an additional 43 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of MongoDB by 7.6% during the 2nd quarter. Fifth Third Bancorp now owns 620 shares of the company’s stock worth $155,000 after purchasing an additional 44 shares during the period. Finally, Rakuten Securities Inc. increased its position in MongoDB by 16.5% during the 3rd quarter. Rakuten Securities Inc. now owns 332 shares of the company’s stock worth $90,000 after purchasing an additional 47 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Mizuho boosted their target price on shares of MongoDB from $275.00 to $320.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. DA Davidson upped their target price on shares of MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Scotiabank increased their target price on shares of MongoDB from $295.00 to $350.00 and gave the company a “sector perform” rating in a report on Tuesday, December 10th. Bank of America boosted their price target on MongoDB from $300.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Finally, Sanford C. Bernstein raised their price objective on MongoDB from $358.00 to $360.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $366.14.

Check Out Our Latest Stock Report on MongoDB

MongoDB Company Profile

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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.

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Insider Buying and Selling by Quarter for MongoDB (NASDAQ:MDB)

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