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

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) 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 value of $292,809.40. Following the completion of the transaction, the insider now directly owns 57,634 shares of the company's stock, valued at approximately $9,985,666.84. This represents a 2.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

MongoDB Price Performance

Shares of MDB stock traded up $3.14 during midday trading on Wednesday, hitting $148.99. The company had a trading volume of 655,210 shares, compared to its average volume of 2,179,992. The stock has a market cap of $12.10 billion, a price-to-earnings ratio of -54.38 and a beta of 1.49. The company's 50 day simple moving average is $228.92 and its 200 day simple moving average is $259.09. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $387.19.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $519.65 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. During the same quarter last year, the business earned $0.86 earnings per share. Analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current year.

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Analysts Set New Price Targets

MDB has been the topic of a number of recent research reports. Oppenheimer cut their price objective on MongoDB from $400.00 to $330.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Bank of America cut their price target on MongoDB from $420.00 to $286.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. Morgan Stanley decreased their price objective on MongoDB from $350.00 to $315.00 and set an "overweight" rating for the company in a research note on Thursday, March 6th. Guggenheim upgraded shares of MongoDB from a "neutral" rating to a "buy" rating and set a $300.00 target price on the stock in a research note on Monday, January 6th. Finally, Scotiabank reaffirmed a "sector perform" rating and issued a $240.00 target price (down previously from $275.00) on shares of MongoDB in a report on Wednesday, March 5th. Seven investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, MongoDB presently has an average rating of "Moderate Buy" and an average price target of $312.84.

Institutional Investors Weigh In On MongoDB

A number of hedge funds have recently added to or reduced their stakes in the company. B.O.S.S. Retirement Advisors LLC acquired a new stake in shares of MongoDB in the 4th quarter valued at approximately $606,000. Geode Capital Management LLC lifted its holdings in MongoDB by 2.9% in the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company's stock valued at $331,776,000 after acquiring an additional 34,814 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in shares of MongoDB during the 4th quarter worth $3,515,000. Nisa Investment Advisors LLC grew its stake in shares of MongoDB by 428.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,755 shares of the company's stock worth $1,340,000 after purchasing an additional 4,665 shares during the period. Finally, HighTower Advisors LLC increased its holdings in shares of MongoDB by 2.0% in the 4th quarter. HighTower Advisors LLC now owns 18,773 shares of the company's stock valued at $4,371,000 after purchasing an additional 372 shares in the last quarter. Institutional investors and hedge funds 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.