Representative Josh Gottheimer (D-New Jersey) recently sold shares of MongoDB, Inc. NASDAQ: MDB. In a filing disclosed on November 06th, the Representative disclosed that they had sold between $1,001 and $15,000 in MongoDB stock on October 17th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.
Representative Josh Gottheimer also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of Texas Capital Bancshares NASDAQ: TCBI on 10/31/2024.
- Sold $1,001 - $15,000 in shares of ITT NYSE: ITT on 10/31/2024.
- Sold $1,001 - $15,000 in shares of Stifel Financial NYSE: SF on 10/31/2024.
- Sold $1,001 - $15,000 in shares of ICU Medical NASDAQ: ICUI on 10/31/2024.
- Sold $1,001 - $15,000 in shares of AppFolio NASDAQ: APPF on 10/31/2024.
- Purchased $1,001 - $15,000 in shares of Gates Industrial NYSE: GTES on 10/31/2024.
- Purchased $1,001 - $15,000 in shares of Techtronic Industries OTCMKTS: TTNDY on 10/29/2024.
- Purchased $1,001 - $15,000 in shares of Techtronic Industries OTCMKTS: TTNDY on 10/28/2024.
- Purchased $1,001 - $15,000 in shares of Disco OTCMKTS: DSCSY on 10/28/2024.
- Purchased $1,001 - $15,000 in shares of Enerpac Tool Group NYSE: EPAC on 10/25/2024.
MongoDB Stock Down 1.4 %
MongoDB stock traded down $4.08 during midday trading on Friday, hitting $290.04. 886,785 shares of the company were exchanged, compared to its average volume of 1,427,330. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $509.62. The company's fifty day moving average price is $277.73 and its 200-day moving average price is $278.07. The company has a market cap of $21.43 billion, a PE ratio of -97.39 and a beta of 1.15.
MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.70 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $478.11 million for the quarter, compared to analyst estimates of $465.03 million. During the same quarter in the previous year, the business posted ($0.63) EPS. The firm's revenue was up 12.8% compared to the same quarter last year. On average, research analysts predict that MongoDB, Inc. will post -2.39 EPS for the current fiscal year.
Institutional Trading of MongoDB
Hedge funds and other institutional investors have recently modified their holdings of the business. Sanctuary Advisors LLC purchased a new position in MongoDB during the second quarter valued at approximately $1,860,000. Sycomore Asset Management increased its stake in shares of MongoDB by 86.4% in the second quarter. Sycomore Asset Management now owns 53,568 shares of the company's stock worth $12,884,000 after acquiring an additional 24,827 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of MongoDB by 327.6% during the first quarter. Cetera Investment Advisers now owns 10,873 shares of the company's stock worth $3,899,000 after acquiring an additional 8,330 shares in the last quarter. SG Americas Securities LLC boosted its position in MongoDB by 179.7% during the first quarter. SG Americas Securities LLC now owns 7,142 shares of the company's stock valued at $2,561,000 after purchasing an additional 4,589 shares during the last quarter. Finally, Toronto Dominion Bank grew its stake in MongoDB by 147.3% in the first quarter. Toronto Dominion Bank now owns 24,047 shares of the company's stock valued at $8,624,000 after purchasing an additional 14,323 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.
Wall Street Analyst Weigh In
MDB has been the subject of a number of research reports. Oppenheimer lifted their price target on MongoDB from $300.00 to $350.00 and gave the stock an "outperform" rating in a research note on Friday, August 30th. JMP Securities reiterated a "market outperform" rating and issued a $380.00 price target on shares of MongoDB in a report on Friday, August 30th. Stifel Nicolaus upped their price target on MongoDB from $300.00 to $325.00 and gave the company a "buy" rating in a research report on Friday, August 30th. Sanford C. Bernstein lifted their price objective on shares of MongoDB from $358.00 to $360.00 and gave the stock an "outperform" rating in a report on Friday, August 30th. Finally, Piper Sandler boosted their target price on shares of MongoDB from $300.00 to $335.00 and gave the company an "overweight" rating in a research note on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $337.96.
Read Our Latest Research Report on MDB
Insider Transactions at MongoDB
In other MongoDB news, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $282.89, for a total value of $282,890.00. Following the completion of the sale, the chief accounting officer now directly owns 16,222 shares in the company, valued at $4,589,041.58. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other MongoDB news, CAO Thomas Bull sold 1,000 shares of the firm's stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $282.89, for a total transaction of $282,890.00. Following the transaction, the chief accounting officer now directly owns 16,222 shares in the company, valued at $4,589,041.58. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the company's stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $290.31, for a total value of $1,451,550.00. Following the sale, the chief financial officer now owns 80,307 shares of the company's stock, valued at approximately $23,313,925.17. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,281 shares of company stock valued at $6,657,121 in the last three months. Corporate insiders own 3.60% of the company's stock.
About Representative Gottheimer
Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2025. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2024 election. Gottheimer was first elected to the House in 2016. Prior to his election, Gottheimer worked for Microsoft, the Federal Communications Commission, and for the administration of President Bill Clinton (D). Click here for more information about Gottheimer's career. Gottheimer serves on the House Financial Services Committee, where is a member of three subcommittees. For more on Gottheimer's committee assignments, click here. Gottheimer became a co-chair of the Problem Solvers Caucus in February 2017. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.
About MongoDB
(
Get Free Report)
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.
Featured Articles
Before you consider MongoDB, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MongoDB wasn't on the list.
While MongoDB currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
