Insider Selling: MongoDB, Inc. (NASDAQ:MDB) CAO Sells $282,890.00 in Stock

MongoDB, Inc. (NASDAQ:MDB) CAO Thomas Bull sold 1,000 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $282.89, for a total value of $282,890.00. Following the transaction, the chief accounting officer now owns 16,222 shares in the company, valued at approximately $4,589,041.58. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Thomas Bull also recently made the following trade(s):

• On Tuesday, July 2nd, Thomas Bull sold 138 shares of MongoDB stock. The stock was sold at an average price of $265.29, for a total value of $36,610.02.

MongoDB Price Performance

Shares of MDB opened at $290.09 on Friday. The business has a 50-day moving average of $255.85 and a 200-day moving average of $304.22. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03. The company has a market capitalization of $21.28 billion, a price-to-earnings ratio of -103.23 and a beta of 1.15. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year high of $509.62.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.21. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The firm had revenue of $478.11 million during the quarter, compared to analyst estimates of $465.03 million. During the same quarter last year, the business earned ($0.63) EPS. The company’s revenue was up 12.8% compared to the same quarter last year. As a group, equities research analysts anticipate that MongoDB, Inc. will post -2.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. DA Davidson upped their price objective on shares of MongoDB from $265.00 to $330.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Wells Fargo & Company upped their price target on shares of MongoDB from $300.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Oppenheimer lifted their price objective on shares of MongoDB from $300.00 to $350.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Loop Capital cut their target price on MongoDB from $415.00 to $315.00 and set a “buy” rating for the company in a research note on Friday, May 31st. Finally, Canaccord Genuity Group decreased their price target on MongoDB from $435.00 to $325.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $337.56.

Institutional Trading of MongoDB

A number of institutional investors have recently bought and sold shares of MDB. Transcendent Capital Group LLC bought a new position in MongoDB during the fourth quarter worth $25,000. MFA Wealth Advisors LLC bought a new position in shares of MongoDB during the 2nd quarter worth about $25,000. J.Safra Asset Management Corp grew its stake in shares of MongoDB by 682.4% in the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock valued at $33,000 after buying an additional 116 shares during the period. Quarry LP increased its position in MongoDB by 2,580.0% in the 2nd quarter. Quarry LP now owns 134 shares of the company’s stock valued at $33,000 after buying an additional 129 shares in the last quarter. Finally, Hantz Financial Services Inc. acquired a new position in MongoDB during the 2nd quarter worth approximately $35,000. 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.