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

MongoDB, Inc. (NASDAQ:MDB) CFO Michael Lawrence Gordon sold 1,245 shares of MongoDB stock in a transaction dated 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 sale, the chief financial officer now directly owns 79,062 shares in the company, valued at $18,507,623.58. This trade represents a 1.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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 shares were sold at an average price of $267.85, for a total value of $1,339,250.00.
• 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 value of $1,451,550.00.

MongoDB Stock Up 2.6 %

MDB opened at $252.86 on Tuesday. The stock’s fifty day moving average is $284.11 and its two-hundred day moving average is $269.17. The company has a market capitalization of $18.83 billion, a P/E ratio of -92.28 and a beta of 1.25. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62.

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MDB. Mizuho upped their price target on shares of MongoDB from $275.00 to $320.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Truist Financial reaffirmed a “buy” rating and issued a $400.00 price target (up previously from $320.00) on shares of MongoDB in a report on Tuesday, December 10th. Stifel Nicolaus boosted their price objective on MongoDB from $325.00 to $360.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. KeyCorp upped their price objective on MongoDB from $330.00 to $375.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. Finally, Wells Fargo & Company lifted their target price on MongoDB from $350.00 to $425.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $367.14.

Institutional Investors Weigh In On MongoDB

Several hedge funds have recently modified their holdings of MDB. Quarry LP boosted its position in MongoDB by 2,580.0% during the second quarter. Quarry LP now owns 134 shares of the company’s stock valued at $33,000 after purchasing an additional 129 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of MongoDB in the 3rd quarter valued at about $36,000. GAMMA Investing LLC grew its position in shares of MongoDB by 178.8% in the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock worth $39,000 after buying an additional 93 shares during the last quarter. Continuum Advisory LLC raised its stake in shares of MongoDB by 621.1% during the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after acquiring an additional 118 shares in the last quarter. Finally, Asset Dedication LLC purchased a new stake in MongoDB during the second quarter valued at approximately $41,000. Hedge funds and other institutional investors 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.