MongoDB, Inc. (NASDAQ:MDB) Insider Cedric Pech Sells 1,690 Shares

MongoDB, Inc. (NASDAQ:MDB) insider Cedric Pech sold 1,690 shares of MongoDB stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $292,809.40. Following the transaction, the insider now owns 57,634 shares of the company’s stock, valued at $9,985,666.84. This represents a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

MongoDB Trading Down 5.5 %

Shares of MongoDB stock opened at $154.39 on Friday. The company’s 50-day moving average price is $236.68 and its 200-day moving average price is $262.08. MongoDB, Inc. has a 12-month low of $151.52 and a 12-month high of $387.19. The company has a market cap of $12.53 billion, a price-to-earnings ratio of -56.35 and a beta of 1.49.

MongoDB (NASDAQ:MDB) last posted its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.45). The firm had revenue of $548.40 million during the quarter, compared to analysts’ expectations of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same quarter in the prior year, the company earned $0.86 earnings per share. On average, sell-side analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Barclays cut their price target on MongoDB from $330.00 to $280.00 and set an “overweight” rating for the company in a research note on Thursday, March 6th. Daiwa America raised MongoDB to a “strong-buy” rating in a research report on Tuesday. Macquarie lowered their price target on MongoDB from $300.00 to $215.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Canaccord Genuity Group cut their price objective on shares of MongoDB from $385.00 to $320.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $380.00 target price on shares of MongoDB in a report on Wednesday, December 11th. Seven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $312.84.

Hedge Funds Weigh In On MongoDB

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Moody National Bank Trust Division boosted its position in shares of MongoDB by 5.6% during the 1st quarter. Moody National Bank Trust Division now owns 1,751 shares of the company’s stock valued at $307,000 after acquiring an additional 93 shares during the last quarter. Versant Capital Management Inc lifted its position in MongoDB by 237.2% during the first quarter. Versant Capital Management Inc now owns 607 shares of the company’s stock valued at $106,000 after purchasing an additional 427 shares during the last quarter. 111 Capital purchased a new position in MongoDB in the 4th quarter worth approximately $390,000. Lansforsakringar Fondforvaltning AB publ purchased a new position in MongoDB in the 4th quarter worth approximately $5,769,000. Finally, Centaurus Financial Inc. increased its holdings in shares of MongoDB by 19.0% in the 4th quarter. Centaurus Financial Inc. now owns 2,499 shares of the company’s stock worth $582,000 after buying an additional 399 shares during the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

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.