MongoDB, Inc. (NASDAQ:MDB – Get Free Report) shares hit a new 52-week low during mid-day trading on Monday after an insider sold shares in the company. The stock traded as low as $140.78 and last traded at $141.13, with a volume of 442325 shares. The stock had previously closed at $154.39.

Specifically, CFO Srdjan Tanjga sold 525 shares of MongoDB stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $90,961.50. Following the completion of the sale, the chief financial officer now directly owns 6,406 shares in the company, valued at $1,109,903.56. The trade was a 7.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Cedric Pech sold 1,690 shares of the company’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $292,809.40. Following the completion of the transaction, the insider now owns 57,634 shares of the company’s stock, valued at $9,985,666.84. This trade represents a 2.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In other MongoDB news, CAO Thomas Bull sold 301 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total value of $52,148.25. Following the completion of the sale, the chief accounting officer now owns 14,598 shares of the company’s stock, valued at $2,529,103.50. This represents a 2.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Wall Street Analysts Forecast Growth

MDB has been the topic of several recent analyst reports. Monness Crespi & Hardt upgraded shares of MongoDB from a “sell” rating to a “neutral” rating in a report on Monday, March 3rd. Oppenheimer reduced their price target on shares of MongoDB from $400.00 to $330.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. KeyCorp lowered shares of MongoDB from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Piper Sandler reduced their target price on MongoDB from $425.00 to $280.00 and set an “overweight” rating on the stock in a report on Thursday, March 6th. Finally, Bank of America lowered their target price on MongoDB from $420.00 to $286.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Seven investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $312.84.

Get Our Latest Stock Analysis on MongoDB

MongoDB Trading Down 2.0 %

The company has a market capitalization of $12.28 billion, a price-to-earnings ratio of -56.01 and a beta of 1.49. The company has a 50-day moving average of $236.68 and a 200-day moving average of $261.78.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). The firm had revenue of $548.40 million during the quarter, compared to analysts’ expectations of $519.65 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. During the same quarter in the prior year, the company earned $0.86 EPS. On average, research analysts expect that MongoDB, Inc. will post -1.78 EPS for the current year.

Institutional Investors Weigh In On MongoDB

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in MongoDB by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 7,328,745 shares of the company’s stock valued at $1,706,205,000 after purchasing an additional 23,942 shares in the last quarter. Franklin Resources Inc. lifted its stake in MongoDB by 9.7% in the 4th quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company’s stock valued at $478,398,000 after buying an additional 181,962 shares in the last quarter. Geode Capital Management LLC boosted its holdings in MongoDB by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 1,252,142 shares of the company’s stock worth $290,987,000 after buying an additional 22,106 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of MongoDB by 12.6% during the fourth quarter. First Trust Advisors LP now owns 854,906 shares of the company’s stock valued at $199,031,000 after acquiring an additional 95,893 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of MongoDB during the fourth quarter worth approximately $189,584,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Company Profile

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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.

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