Insider Selling: MongoDB, Inc. (NASDAQ:MDB) CAO Sells $39,561.21 in Stock

MongoDB, Inc. (NASDAQ:MDB) CAO Thomas Bull sold 169 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total value of $39,561.21. Following the completion of the sale, the chief accounting officer now directly owns 14,899 shares of the company’s stock, valued at approximately $3,487,706.91. This trade represents a 1.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Thomas Bull also recently made the following trade(s):

• On Monday, December 9th, Thomas Bull sold 1,000 shares of MongoDB stock. The shares were sold at an average price of $355.92, for a total value of $355,920.00.

MongoDB Price Performance

MDB stock opened at $248.68 on Thursday. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $509.62. The firm has a market capitalization of $18.52 billion, a PE ratio of -90.76 and a beta of 1.25. The company’s 50 day simple moving average is $282.82 and its 200-day simple moving average is $269.15.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.48. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company had revenue of $529.40 million during the quarter, compared to the consensus estimate of $497.39 million. During the same quarter last year, the business posted $0.96 earnings per share. MongoDB’s revenue was up 22.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that MongoDB, Inc. will post -1.86 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MDB. The Goldman Sachs Group lifted their target price on shares of MongoDB from $340.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Macquarie started coverage on shares of MongoDB in a research note on Thursday, December 12th. They issued a “neutral” rating and a $300.00 price objective on the stock. DA Davidson upped their target price on shares of MongoDB from $340.00 to $405.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. JMP Securities reissued a “market outperform” rating and set a $380.00 price target on shares of MongoDB in a report on Wednesday, December 11th. Finally, Citigroup upped their price objective on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $367.14.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jennison Associates LLC raised its position in shares of MongoDB by 23.6% in the third quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock valued at $838,632,000 after buying an additional 592,038 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in MongoDB by 1,098.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company’s stock valued at $106,084,000 after acquiring an additional 388,979 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in MongoDB in the 2nd quarter valued at $52,131,000. Avala Global LP purchased a new position in shares of MongoDB during the 3rd quarter worth $47,960,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of MongoDB by 828.9% during the second quarter. Renaissance Technologies LLC now owns 183,000 shares of the company’s stock worth $45,743,000 after purchasing an additional 163,300 shares during the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

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.