MongoDB, Inc. (NASDAQ:MDB) CFO Michael Lawrence Gordon Sells 1,245 Shares

MongoDB, Inc. (NASDAQ:MDB) CFO Michael Lawrence Gordon sold 1,245 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $291,442.05. Following the completion of the transaction, the chief financial officer now directly owns 79,062 shares in the company, valued at $18,507,623.58. The trade was a 1.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Michael Lawrence Gordon also recently made the following trade(s):

• On Monday, December 16th, Michael Lawrence Gordon sold 5,000 shares of MongoDB stock. The stock was sold at an average price of $267.85, for a total transaction of $1,339,250.00.
• On Monday, October 14th, Michael Lawrence Gordon sold 5,000 shares of MongoDB stock. The stock was sold at an average price of $290.31, for a total transaction of $1,451,550.00.

MongoDB Stock Performance

NASDAQ MDB traded up $6.47 during trading hours on Monday, hitting $252.86. 1,932,889 shares of the company traded hands, compared to its average volume of 2,013,383. The stock has a market capitalization of $18.83 billion, a price-to-earnings ratio of -92.28 and a beta of 1.25. MongoDB, Inc. has a twelve month low of $212.74 and a twelve month high of $509.62. The business’s 50-day moving average is $284.50 and its 200-day moving average is $268.59.

MongoDB (NASDAQ:MDB) last issued its earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.48. The business had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.96 earnings per share. Analysts predict that MongoDB, Inc. will post -1.86 EPS for the current year.

Institutional Investors Weigh In On MongoDB

Hedge funds have recently bought and sold shares of the company. TD Asset Management Inc increased its position in MongoDB by 13.1% during the second quarter. TD Asset Management Inc now owns 108,206 shares of the company’s stock worth $27,047,000 after buying an additional 12,554 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of MongoDB by 0.6% during the 2nd quarter. Arizona State Retirement System now owns 19,981 shares of the company’s stock worth $4,994,000 after acquiring an additional 129 shares during the period. Private Advisor Group LLC increased its holdings in shares of MongoDB by 167.4% during the 2nd quarter. Private Advisor Group LLC now owns 6,324 shares of the company’s stock worth $1,581,000 after acquiring an additional 3,959 shares during the last quarter. Asset Dedication LLC bought a new stake in MongoDB in the 2nd quarter valued at $41,000. Finally, Acadian Asset Management LLC lifted its holdings in MongoDB by 1,677.3% during the 2nd quarter. Acadian Asset Management LLC now owns 3,679 shares of the company’s stock valued at $916,000 after purchasing an additional 3,472 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on MDB shares. KeyCorp upped their price objective on MongoDB from $330.00 to $375.00 and gave the stock an “overweight” rating in a report on Thursday, December 5th. Macquarie initiated coverage on MongoDB in a report on Thursday, December 12th. They set a “neutral” rating and a $300.00 price objective for the company. Guggenheim upgraded shares of MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price target for the company in a research report on Monday. Citigroup boosted their price target on shares of MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Finally, Scotiabank raised their price objective on shares of MongoDB from $295.00 to $350.00 and gave the company a “sector perform” rating in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and an average target price of $367.14.

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.