Michael Lawrence Gordon Sells 20,000 Shares of Mongodb Inc (NASDAQ:MDB) Stock

Mongodb Inc (NASDAQ:MDB) CFO Michael Lawrence Gordon sold 20,000 shares of the stock in a transaction dated Thursday, January 9th. The stock was sold at an average price of $150.04, for a total transaction of $3,000,800.00. Following the transaction, the chief financial officer now owns 117,467 shares of the company’s stock, valued at approximately $17,624,748.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Thursday, January 2nd, Michael Lawrence Gordon sold 2,306 shares of Mongodb stock. The stock was sold at an average price of $130.18, for a total transaction of $300,195.08.
  • On Thursday, December 26th, Michael Lawrence Gordon sold 10,000 shares of Mongodb stock. The stock was sold at an average price of $134.19, for a total transaction of $1,341,900.00.
  • On Thursday, December 12th, Michael Lawrence Gordon sold 10,000 shares of Mongodb stock. The stock was sold at an average price of $125.90, for a total transaction of $1,259,000.00.

Shares of MDB stock traded down $0.73 during trading hours on Friday, reaching $149.23. The stock had a trading volume of 2,764,294 shares, compared to its average volume of 1,652,914. The stock’s fifty day simple moving average is $136.40 and its 200 day simple moving average is $139.06. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 1.08. Mongodb Inc has a 12 month low of $70.66 and a 12 month high of $184.78. The firm has a market capitalization of $7.96 billion, a PE ratio of -86.76 and a beta of 0.04.

Mongodb (NASDAQ:MDB) last released its quarterly earnings data on Monday, December 9th. The company reported ($0.26) EPS for the quarter, beating analysts’ consensus estimates of ($0.58) by $0.32. Mongodb had a negative net margin of 35.22% and a negative return on equity of 46.17%. The company had revenue of $109.40 million during the quarter, compared to analyst estimates of $97.47 million. During the same period last year, the business earned ($0.30) earnings per share. Mongodb’s revenue was up 52.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Mongodb Inc will post -2.32 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the business. Cubist Systematic Strategies LLC lifted its position in Mongodb by 91.8% during the second quarter. Cubist Systematic Strategies LLC now owns 68,840 shares of the company’s stock valued at $10,470,000 after purchasing an additional 32,940 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Mongodb by 7,729.2% during the second quarter. Price T Rowe Associates Inc. MD now owns 261,182 shares of the company’s stock valued at $39,723,000 after purchasing an additional 257,846 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Mongodb by 41.5% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 168,791 shares of the company’s stock valued at $20,336,000 after purchasing an additional 49,506 shares during the last quarter. Janus Henderson Group PLC bought a new stake in Mongodb during the second quarter valued at approximately $358,000. Finally, Daiwa Securities Group Inc. lifted its position in Mongodb by 27.1% during the third quarter. Daiwa Securities Group Inc. now owns 1,640 shares of the company’s stock valued at $198,000 after purchasing an additional 350 shares during the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

MDB has been the subject of a number of research reports. Argus initiated coverage on shares of Mongodb in a research report on Monday. They set a “hold” rating for the company. Nomura raised their price objective on shares of Mongodb from $76.00 to $78.00 and gave the company a “reduce” rating in a research report on Tuesday, December 10th. Zacks Investment Research upgraded shares of Mongodb from a “sell” rating to a “hold” rating in a research report on Tuesday, December 31st. Morgan Stanley raised their price objective on shares of Mongodb from $150.00 to $160.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 10th. Finally, Oppenheimer cut their price objective on shares of Mongodb from $180.00 to $155.00 and set an “outperform” rating for the company in a research report on Friday, October 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. Mongodb presently has an average rating of “Buy” and an average price target of $160.86.

Mongodb Company Profile

MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted database-as-a-service solution; 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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