Insider Selling: MongoDB, Inc. (NASDAQ:MDB) Director Sells 1,175 Shares of Stock

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) Director Hope F. Cochran sold 1,175 shares of MongoDB stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $174.69, for a total value of $205,260.75. Following the completion of the sale, the director now directly owns 19,333 shares in the company, valued at approximately $3,377,281.77. This represents a 5.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

MongoDB Price Performance

MDB traded down $1.53 on Tuesday, hitting $145.85. 2,949,037 shares of the stock were exchanged, compared to its average volume of 1,780,142. The firm has a market capitalization of $11.84 billion, a price-to-earnings ratio of -53.23 and a beta of 1.49. MongoDB, Inc. has a 12 month low of $140.78 and a 12 month high of $387.19. The business has a 50-day moving average of $228.92 and a two-hundred day moving average of $259.09.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.64 by ($0.45). The firm had revenue of $548.40 million for the quarter, compared to the consensus estimate 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 period last year, the company posted $0.86 EPS. Equities research analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

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Analysts Set New Price Targets

MDB has been the topic of several recent analyst reports. UBS Group set a $350.00 price target on MongoDB in a research report on Tuesday, March 4th. DA Davidson raised their target price on shares of MongoDB from $340.00 to $405.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. Barclays dropped their price target on shares of MongoDB from $330.00 to $280.00 and set an "overweight" rating on the stock in a research report on Thursday, March 6th. Wells Fargo & Company downgraded shares of MongoDB from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $365.00 to $225.00 in a research report on Thursday, March 6th. Finally, Cantor Fitzgerald started coverage on shares of MongoDB in a report on Wednesday, March 5th. They issued an "overweight" rating and a $344.00 target price on the stock. 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's stock. According to MarketBeat.com, the company currently 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 modified their holdings of the business. Strategic Investment Solutions Inc. IL bought a new stake in shares of MongoDB during the fourth quarter worth $29,000. Hilltop National Bank grew its position in MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company's stock worth $30,000 after acquiring an additional 42 shares during the last quarter. Continuum Advisory LLC increased its holdings in MongoDB by 621.1% in the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company's stock worth $40,000 after purchasing an additional 118 shares in the last quarter. NCP Inc. bought a new position in MongoDB in the fourth quarter valued at about $35,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of MongoDB during the third quarter valued at about $44,000. Institutional investors own 89.29% of the company's stock.

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.