MongoDB, Inc. (NASDAQ:MDB - Get Free Report) CFO Michael Lawrence Gordon sold 1,245 shares of MongoDB stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $291,442.05. Following the sale, the chief financial officer now directly owns 79,062 shares in the company, valued at approximately $18,507,623.58. This trade represents a 1.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
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 Price Performance
NASDAQ MDB traded up $6.47 on Monday, hitting $252.86. 1,941,689 shares of the stock were exchanged, compared to its average volume of 2,023,850. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $509.62. The company has a market capitalization of $18.83 billion, a price-to-earnings ratio of -92.28 and a beta of 1.25. The company's 50-day moving average price is $284.11 and its two-hundred day moving average price is $269.17.
MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm had revenue of $529.40 million for the quarter, compared to analysts' expectations of $497.39 million. During the same period in the previous year, the company posted $0.96 EPS. The company's quarterly revenue was up 22.3% compared to the same quarter last year. Equities analysts predict that MongoDB, Inc. will post -1.86 EPS for the current fiscal year.
Hedge Funds Weigh In On MongoDB
Several institutional investors and hedge funds have recently modified their holdings of MDB. TD Asset Management Inc grew its holdings in shares of MongoDB by 13.1% during the 2nd quarter. TD Asset Management Inc now owns 108,206 shares of the company's stock valued at $27,047,000 after acquiring an additional 12,554 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of MongoDB by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 19,981 shares of the company's stock valued at $4,994,000 after purchasing an additional 129 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of MongoDB by 167.4% in the 2nd quarter. Private Advisor Group LLC now owns 6,324 shares of the company's stock valued at $1,581,000 after purchasing an additional 3,959 shares during the last quarter. Asset Dedication LLC acquired a new stake in shares of MongoDB in the 2nd quarter valued at $41,000. Finally, Acadian Asset Management LLC lifted its stake in shares of MongoDB by 1,677.3% in the 2nd quarter. Acadian Asset Management LLC now owns 3,679 shares of the company's stock valued at $916,000 after purchasing an additional 3,472 shares during the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on MDB shares. Wells Fargo & Company lifted their price target on MongoDB from $350.00 to $425.00 and gave the company an "overweight" rating in a report on Tuesday, December 10th. Loop Capital boosted their target price on MongoDB from $315.00 to $400.00 and gave the stock a "buy" rating in a report on Monday, December 2nd. DA Davidson boosted their target price on MongoDB from $340.00 to $405.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Oppenheimer boosted their target price on MongoDB from $350.00 to $400.00 and gave the stock an "outperform" rating in a report on Tuesday, December 10th. Finally, Mizuho boosted their target price on MongoDB from $275.00 to $320.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, four have given a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $367.14.
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About MongoDB
(
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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.
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