MongoDB, Inc. (NASDAQ:MDB) CRO Sells $57,507.87 in Stock

MongoDB, Inc. (NASDAQ:MDB) CRO Cedric Pech sold 203 shares of the business’s stock in a transaction that occurred on Monday, April 5th. The shares were sold at an average price of $283.29, for a total transaction of $57,507.87. Following the completion of the transaction, the executive now directly owns 55,294 shares of the company’s stock, valued at approximately $15,664,237.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of NASDAQ:MDB opened at $284.79 on Thursday. The stock has a market capitalization of $17.43 billion, a price-to-earnings ratio of -65.32 and a beta of 0.84. MongoDB, Inc. has a 1-year low of $131.83 and a 1-year high of $428.96. The company’s fifty day moving average is $328.30 and its two-hundred day moving average is $312.50. The company has a debt-to-equity ratio of 43.46, a quick ratio of 4.06 and a current ratio of 4.06.

MongoDB (NASDAQ:MDB) last issued its earnings results on Monday, March 8th. The company reported ($0.33) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.39) by $0.06. MongoDB had a negative net margin of 46.73% and a negative return on equity of 343.82%. The company had revenue of $171.00 million for the quarter, compared to analysts’ expectations of $157.05 million. During the same period in the prior year, the company earned ($0.25) earnings per share. The firm’s revenue was up 38.4% compared to the same quarter last year. Sell-side analysts expect that MongoDB, Inc. will post -3.57 EPS for the current fiscal year.

A number of research firms have recently weighed in on MDB. Citigroup boosted their price objective on shares of MongoDB from $465.00 to $500.00 and gave the company a “buy” rating in a research report on Monday, March 1st. Barclays upped their price target on shares of MongoDB from $331.00 to $435.00 and gave the stock an “overweight” rating in a research report on Monday, January 11th. UBS Group began coverage on shares of MongoDB in a research report on Monday, March 29th. They set a “neutral” rating and a $325.00 price target for the company. Macquarie began coverage on shares of MongoDB in a research report on Wednesday, January 6th. They set an “outperform” rating for the company. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their price target on shares of MongoDB from $354.00 to $465.00 in a research report on Wednesday, January 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $383.00.

Hedge funds have recently added to or reduced their stakes in the stock. HBC Financial Services PLLC acquired a new stake in shares of MongoDB in the 4th quarter worth about $25,000. ForthRight Wealth Management LLC acquired a new stake in shares of MongoDB in the 4th quarter worth about $27,000. McCarthy Asset Management Inc. acquired a new stake in shares of MongoDB in the 4th quarter worth about $30,000. Navis Wealth Advisors LLC acquired a new stake in shares of MongoDB in the 4th quarter worth about $36,000. Finally, CWM LLC increased its holdings in shares of MongoDB by 84.7% in the 4th quarter. CWM LLC now owns 109 shares of the company’s stock worth $39,000 after acquiring an additional 50 shares during the period. 87.36% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Company Profile

MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud 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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