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On April 1, 2024, Director Hope Cochran executed a sale of 2,175 shares of MongoDB Inc (NASDAQ:MDB), as reported in a recent SEC Filing. The transaction was carried out at a stock price of $363.14 per share, which resulted in a total value of $789,329.50.

MongoDB Inc (NASDAQ:MDB) is a technology company that specializes in database solutions. The company’s platform is designed to support the development of applications across a range of industries by providing a scalable, flexible, and sophisticated database structure. MongoDB’s services are utilized by a variety of clients, from startups to large enterprises, to manage and process large sets of data in a more efficient and adaptable manner.

Over the past year, the insider, Hope Cochran, has sold a total of 12,698 shares of MongoDB Inc and has not made any purchases of the stock. This latest transaction continues the trend of insider sales for the company, with a total of 65 insider sells and no insider buys reported over the same period.

The market capitalization of MongoDB Inc stands at $24.749 billion, reflecting the aggregate value of the company’s outstanding shares.

According to the data provided by GuruFocus, the stock of MongoDB Inc is currently trading below its GF Value, with a price-to-GF-Value ratio of 0.75. This indicates that the stock is significantly undervalued based on its GF Value of $486.29. The GF Value is a proprietary valuation metric developed by GuruFocus, which takes into account historical trading multiples, an adjustment factor based on the company’s historical performance, and future business projections provided by Morningstar analysts.

The insider selling activity at MongoDB Inc (NASDAQ:MDB) may be of interest to investors monitoring insider behaviors as an indicator of company performance and valuation. However, it is important to consider a wide range of factors when evaluating the implications of insider transactions.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

This article first appeared on GuruFocus.

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