MongoDB, Inc. (NASDAQ:MDB) CFO Sells $1,451,550.00 in Stock

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) CFO Michael Lawrence Gordon sold 5,000 shares of the stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $290.31, for a total transaction of $1,451,550.00. Following the transaction, the chief financial officer now owns 80,307 shares in the company, valued at approximately $23,313,925.17. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Michael Lawrence Gordon also recently made the following trade(s):

• On Wednesday, October 2nd, Michael Lawrence Gordon sold 1,884 shares of MongoDB stock. The shares were sold at an average price of $256.25, for a total value of $482,775.00.

MongoDB Price Performance

NASDAQ MDB traded down $6.27 on Wednesday, reaching $278.39. The company had a trading volume of 675,476 shares, compared to its average volume of 1,444,229. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $509.62. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84. The firm's 50 day moving average price is $267.72 and its 200 day moving average price is $286.14. The stock has a market capitalization of $20.42 billion, a PE ratio of -101.30 and a beta of 1.15.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.21. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The company had revenue of $478.11 million for the quarter, compared to analysts' expectations of $465.03 million. During the same quarter in the previous year, the business posted ($0.63) earnings per share. MongoDB's quarterly revenue was up 12.8% on a year-over-year basis. As a group, equities analysts predict that MongoDB, Inc. will post -2.44 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MDB. MFA Wealth Advisors LLC bought a new position in MongoDB during the second quarter valued at $25,000. Sunbelt Securities Inc. grew its holdings in MongoDB by 155.1% during the 1st quarter. Sunbelt Securities Inc. now owns 125 shares of the company's stock valued at $45,000 after purchasing an additional 76 shares during the last quarter. J.Safra Asset Management Corp grew its holdings in MongoDB by 682.4% during the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company's stock valued at $33,000 after purchasing an additional 116 shares during the last quarter. Quarry LP raised its position in MongoDB by 2,580.0% in the 2nd quarter. Quarry LP now owns 134 shares of the company's stock worth $33,000 after purchasing an additional 129 shares during the period. Finally, Hantz Financial Services Inc. bought a new stake in MongoDB in the second quarter worth about $35,000. Hedge funds and other institutional investors own 89.29% of the company's stock.

Wall Street Analysts Forecast Growth

MDB has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their target price on MongoDB from $300.00 to $325.00 and gave the company a "buy" rating in a research report on Friday, August 30th. Citigroup raised their target price on shares of MongoDB from $350.00 to $400.00 and gave the company a "buy" rating in a report on Tuesday, September 3rd. Mizuho increased their price target on shares of MongoDB from $250.00 to $275.00 and gave the stock a "neutral" rating in a research report on Friday, August 30th. UBS Group boosted their price objective on shares of MongoDB from $250.00 to $275.00 and gave the company a "neutral" rating in a research report on Friday, August 30th. Finally, Bank of America lifted their price target on MongoDB from $300.00 to $350.00 and gave the company a "buy" rating in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, MongoDB presently has a consensus rating of "Moderate Buy" and an average price target of $337.96.

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.

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