Hope F. Cochran Sells 1,174 Shares of MongoDB, Inc. (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) Director Hope F. Cochran sold 1,174 shares of the firm’s stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total transaction of $236,067.92. Following the completion of the sale, the director now directly owns 21,096 shares of the company’s stock, valued at approximately $4,241,983.68. This represents a 5.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

MongoDB Trading Down 1.3%

MDB stock opened at $201.50 on Monday. The stock has a 50-day moving average price of $185.96 and a two-hundred day moving average price of $220.36. The stock has a market cap of $16.46 billion, a PE ratio of -176.75 and a beta of 1.40. MongoDB, Inc. has a 1 year low of $140.78 and a 1 year high of $370.00.

MongoDB (NASDAQ:MDB) last released its earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.35. The firm had revenue of $549.01 million during the quarter, compared to analysts’ expectations of $527.49 million. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%. The company’s revenue was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS. On average, analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Institutional Investors Weigh In On MongoDB

Institutional investors have recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL bought a new stake in MongoDB in the 4th quarter valued at approximately $29,000. Cloud Capital Management LLC acquired a new position in shares of MongoDB during the 1st quarter worth about $25,000. NCP Inc. acquired a new position in shares of MongoDB during the 4th quarter worth about $35,000. Hollencrest Capital Management acquired a new position in shares of MongoDB during the 1st quarter worth about $26,000. Finally, Cullen Frost Bankers Inc. boosted its stake in shares of MongoDB by 315.8% during the 1st quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company’s stock worth $28,000 after buying an additional 120 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

MDB has been the subject of a number of research reports. Canaccord Genuity Group lowered their price target on shares of MongoDB from $385.00 to $320.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Truist Financial lowered their price target on shares of MongoDB from $300.00 to $275.00 and set a “buy” rating for the company in a report on Monday, March 31st. Robert W. Baird lowered their price target on shares of MongoDB from $390.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Guggenheim lifted their target price on shares of MongoDB from $235.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, June 5th. Finally, Piper Sandler lifted their target price on shares of MongoDB from $200.00 to $275.00 and gave the stock an “overweight” rating in a report on Thursday, June 5th. Eight research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and a consensus target price of $282.47.

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.