Michael Lawrence Gordon Sells 5,000 Shares of MongoDB, Inc. (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) CFO Michael Lawrence Gordon sold 5,000 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $267.85, for a total value of $1,339,250.00. Following the sale, the chief financial officer now directly owns 80,307 shares of the company’s stock, valued at approximately $21,510,229.95. This represents a 5.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, October 14th, Michael Lawrence Gordon sold 5,000 shares of MongoDB stock. The shares were sold at an average price of $290.31, for a total transaction of $1,451,550.00.
• On Wednesday, October 2nd, Michael Lawrence Gordon sold 1,884 shares of MongoDB stock. The stock was sold at an average price of $256.25, for a total transaction of $482,775.00.

MongoDB Price Performance

MDB stock opened at $252.67 on Thursday. The stock has a market capitalization of $18.66 billion, a price-to-earnings ratio of -92.21 and a beta of 1.17. The business has a fifty day moving average price of $292.95 and a 200 day moving average price of $267.40. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $509.62.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.48. The business had revenue of $529.40 million during the quarter, compared to analysts’ expectations of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The firm’s revenue for the quarter was up 22.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.96 earnings per share. On average, equities analysts expect that MongoDB, Inc. will post -2.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MDB. Macquarie started coverage on MongoDB in a research report on Thursday, December 12th. They issued a “neutral” rating and a $300.00 price target on the stock. Citigroup increased their price objective on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Monday. Piper Sandler reaffirmed an “overweight” rating and set a $425.00 target price on shares of MongoDB in a research report on Tuesday, December 10th. Loop Capital increased their price target on shares of MongoDB from $315.00 to $400.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Finally, Monness Crespi & Hardt downgraded shares of MongoDB from a “neutral” rating to a “sell” rating and set a $220.00 price objective on the stock. in a report on Monday. Two 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $366.14.

Institutional Trading of MongoDB

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Aigen Investment Management LP bought a new position in MongoDB in the 3rd quarter valued at $1,045,000. Geode Capital Management LLC boosted its holdings in MongoDB by 2.9% in the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock valued at $331,776,000 after acquiring an additional 34,814 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in MongoDB in the third quarter worth about $4,366,000. Charles Schwab Investment Management Inc. raised its holdings in MongoDB by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock worth $75,271,000 after purchasing an additional 7,575 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in MongoDB during the 2nd quarter valued at about $1,860,000. Institutional investors and hedge funds 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.