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

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) CFO Michael Lawrence Gordon sold 5,000 shares of the company's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $267.85, for a total transaction of $1,339,250.00. Following the completion of the transaction, the chief financial officer now directly owns 80,307 shares in the company, valued at $21,510,229.95. This trade represents a 5.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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 value 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 value of $482,775.00.

MongoDB Price Performance

Shares of MDB traded down $12.43 during mid-day trading on Wednesday, reaching $252.67. The company had a trading volume of 2,562,866 shares, compared to its average volume of 1,545,696. The company's 50-day moving average is $293.40 and its 200-day moving average is $267.50. The company has a market capitalization of $18.66 billion, a P/E ratio of -92.21 and a beta of 1.17. MongoDB, Inc. has a twelve month low of $212.74 and a twelve month high of $509.62.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings data 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. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company had revenue of $529.40 million during the quarter, compared to analysts' expectations of $497.39 million. During the same period last year, the business earned $0.96 earnings per share. The business's revenue was up 22.3% on a year-over-year basis. As a group, equities analysts expect that MongoDB, Inc. will post -2.29 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Truist Financial restated a "buy" rating and issued a $400.00 price objective (up previously from $320.00) on shares of MongoDB in a report on Tuesday, December 10th. JMP Securities restated a "market outperform" rating and set a $380.00 price target on shares of MongoDB in a report on Wednesday, December 11th. Sanford C. Bernstein lifted their price objective on shares of MongoDB from $358.00 to $360.00 and gave the company an "outperform" rating in a research note on Friday, August 30th. Barclays increased their target price on shares of MongoDB from $375.00 to $400.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 10th. Finally, Mizuho upped their price target on MongoDB from $275.00 to $320.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $366.14.

Institutional Trading of MongoDB

Several large investors have recently added to or reduced their stakes in MDB. Tidal Investments LLC grew its holdings in shares of MongoDB by 76.8% during the third quarter. Tidal Investments LLC now owns 7,859 shares of the company's stock worth $2,125,000 after purchasing an additional 3,415 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in MongoDB in the 3rd quarter valued at about $44,000. Virtu Financial LLC raised its stake in shares of MongoDB by 351.2% in the third quarter. Virtu Financial LLC now owns 10,016 shares of the company's stock worth $2,708,000 after acquiring an additional 7,796 shares during the last quarter. Teachers Retirement System of The State of Kentucky acquired a new position in shares of MongoDB during the third quarter worth approximately $5,840,000. Finally, Toronto Dominion Bank grew its stake in shares of MongoDB by 21.9% during the third quarter. Toronto Dominion Bank now owns 9,462 shares of the company's stock valued at $2,558,000 after purchasing an additional 1,699 shares during the last quarter. 89.29% of the stock is owned by institutional investors.

About MongoDB

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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