Dev Ittycheria Sells 45,056 Shares of MongoDB, Inc. (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) CEO Dev Ittycheria sold 45,056 shares of the company’s stock in a transaction on Tuesday, January 11th. The stock was sold at an average price of $449.00, for a total transaction of $20,230,144.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Dev Ittycheria also recently made the following trade(s):

  • On Monday, January 3rd, Dev Ittycheria sold 11,646 shares of MongoDB stock. The stock was sold at an average price of $515.05, for a total transaction of $5,998,272.30.

Shares of MongoDB stock opened at $396.89 on Friday. MongoDB, Inc. has a 52-week low of $238.01 and a 52-week high of $590.00. The company has a 50 day moving average of $506.09 and a 200 day moving average of $454.83. The company has a quick ratio of 4.75, a current ratio of 4.75 and a debt-to-equity ratio of 1.71. The company has a market capitalization of $26.49 billion, a P/E ratio of -83.91 and a beta of 0.65.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Monday, December 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.27. The company had revenue of $226.89 million during the quarter, compared to the consensus estimate of $205.18 million. MongoDB had a negative net margin of 38.32% and a negative return on equity of 101.71%. The firm’s quarterly revenue was up 50.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.98) earnings per share. As a group, research analysts anticipate that MongoDB, Inc. will post -4.56 earnings per share for the current fiscal year.

Several analysts have commented on the stock. The Goldman Sachs Group raised their price objective on shares of MongoDB from $475.00 to $545.00 and gave the stock a “buy” rating in a report on Wednesday, December 8th. Needham & Company LLC raised their price target on shares of MongoDB from $534.00 to $626.00 and gave the company a “buy” rating in a research report on Tuesday, December 7th. Piper Sandler lifted their target price on shares of MongoDB from $525.00 to $585.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 7th. Barclays cut their target price on shares of MongoDB from $590.00 to $556.00 in a research report on Wednesday. Finally, Citigroup lifted their target price on shares of MongoDB from $526.00 to $660.00 and gave the company a “buy” rating in a research note on Tuesday, December 7th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $542.13.

Large investors have recently modified their holdings of the company. Winch Advisory Services LLC lifted its position in shares of MongoDB by 54.2% during the 3rd quarter. Winch Advisory Services LLC now owns 74 shares of the company’s stock worth $35,000 after buying an additional 26 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of MongoDB in the 2nd quarter valued at $29,000. BerganKDV Wealth Management LLC acquired a new position in shares of MongoDB in the 2nd quarter valued at $36,000. Bartlett & Co. LLC acquired a new position in shares of MongoDB in the 3rd quarter valued at $47,000. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of MongoDB in the 2nd quarter valued at $45,000. Institutional investors and hedge funds own 87.90% of the company’s stock.

MongoDB Company Profile

MongoDB, Inc engages in the development and provision of a general purpose database platform. The firm’s products include MongoDB Enterprise Advanced, MongoDB Atlas and Community Server. It also offers professional services including consulting and training. The company was founded by Eliot Horowitz, Dwight A.

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