MongoDB, Inc. (NASDAQ:MDB) CRO Sells $1,654,100.00 in Stock

MongoDB, Inc. (NASDAQ:MDB) CRO Cedric Pech sold 4,726 shares of MongoDB stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $350.00, for a total transaction of $1,654,100.00. Following the completion of the transaction, the executive now directly owns 35,992 shares of the company’s stock, valued at approximately $12,597,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Cedric Pech also recently made the following trade(s):

• On Tuesday, April 2nd, Cedric Pech sold 1,430 shares of MongoDB stock. The shares were sold at an average price of $348.11, for a total value of $497,797.30.
• On Tuesday, January 16th, Cedric Pech sold 1,248 shares of MongoDB stock. The stock was sold at an average price of $400.00, for a total value of $499,200.00.

MongoDB Stock Down 2.7 %

Shares of NASDAQ MDB opened at $351.28 on Thursday. MongoDB, Inc. has a 1 year low of $198.72 and a 1 year high of $509.62. The company has a market capitalization of $25.58 billion, a price-to-earnings ratio of -141.65 and a beta of 1.19. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40. The business has a 50-day moving average of $405.77 and a two-hundred day moving average of $389.94.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by ($0.32). The company had revenue of $458.00 million during the quarter, compared to analyst estimates of $431.99 million. MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. On average, analysts forecast that MongoDB, Inc. will post -2.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MDB has been the subject of several research analyst reports. KeyCorp upped their price target on shares of MongoDB from $500.00 to $543.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $465.00 target price on shares of MongoDB in a report on Tuesday. UBS Group reaffirmed a “neutral” rating and issued a $410.00 price target (down previously from $475.00) on shares of MongoDB in a report on Thursday, January 4th. Stifel Nicolaus reaffirmed a “buy” rating and set a $435.00 target price on shares of MongoDB in a research note on Thursday, March 14th. Finally, Citigroup lifted their target price on MongoDB from $515.00 to $550.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus price target of $448.74.

Hedge Funds Weigh In On MongoDB

A number of institutional investors have recently modified their holdings of the business. Transcendent Capital Group LLC acquired a new stake in MongoDB during the 4th quarter worth $25,000. KB Financial Partners LLC purchased a new stake in shares of MongoDB in the second quarter valued at about $27,000. Bessemer Group Inc. acquired a new stake in shares of MongoDB during the fourth quarter worth about $29,000. BluePath Capital Management LLC purchased a new position in shares of MongoDB during the third quarter worth about $30,000. Finally, Blue Trust Inc. grew its holdings in shares of MongoDB by 937.5% during the fourth quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after buying an additional 75 shares during the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

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.