MongoDB, Inc. (NASDAQ:MDB) CAO Thomas Bull Sells 169 Shares

MongoDB, Inc. (NASDAQ:MDB) CAO Thomas Bull sold 169 shares of the 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 transaction, the chief accounting officer now directly owns 14,899 shares of the company’s stock, valued at $3,487,706.91. This represents a 1.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

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

MongoDB Stock Performance

MongoDB stock opened at $252.86 on Tuesday. The firm’s 50 day moving average price is $284.11 and its two-hundred day moving average price is $269.17. The firm has a market cap of $18.83 billion, a PE ratio of -92.28 and a beta of 1.25. MongoDB, Inc. has a twelve month low of $212.74 and a twelve month high of $509.62.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. During the same quarter in the prior year, the company posted $0.96 earnings per share. The firm’s revenue was up 22.3% on a year-over-year basis. Equities analysts anticipate that MongoDB, Inc. will post -1.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on MDB. Royal Bank of Canada lifted their target price on MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. KeyCorp upped their price target on shares of MongoDB from $330.00 to $375.00 and gave the stock an “overweight” rating in a research note on Thursday, December 5th. Barclays upped their price objective on MongoDB from $375.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Monness Crespi & Hardt lowered MongoDB from a “neutral” rating to a “sell” rating and set a $220.00 target price on the stock. in a report on Monday, December 16th. Finally, JMP Securities reissued a “market outperform” rating and issued a $380.00 price target on shares of MongoDB in a report on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, four have given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $367.14.

Institutional Trading of MongoDB

Institutional investors and hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC lifted its stake in shares of MongoDB by 3.8% in the third quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company’s stock worth $295,000 after buying an additional 40 shares during the last quarter. Tanager Wealth Management LLP increased its stake in shares of MongoDB by 4.7% in the third quarter. Tanager Wealth Management LLP now owns 957 shares of the company’s stock worth $259,000 after purchasing an additional 43 shares during the period. Rakuten Securities Inc. lifted its position in shares of MongoDB by 16.5% during the 3rd quarter. Rakuten Securities Inc. now owns 332 shares of the company’s stock worth $90,000 after purchasing an additional 47 shares during the last quarter. Prime Capital Investment Advisors LLC boosted its stake in MongoDB by 5.2% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,190 shares of the company’s stock valued at $322,000 after purchasing an additional 59 shares during the period. Finally, Fulton Bank N.A. boosted its position in shares of MongoDB by 5.6% in the third quarter. Fulton Bank N.A. now owns 1,199 shares of the company’s stock valued at $324,000 after acquiring an additional 64 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

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.