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We wouldn’t blame MongoDB, Inc. (NASDAQ:MDB) shareholders if they were a little worried about the fact that Dev Ittycheria, the President recently netted about US$3.2m selling shares at an average price of US$173. However, that sale only accounted for 8.8% of their holding, so arguably it doesn’t say much about their conviction.

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MongoDB Insider Transactions Over The Last Year

Notably, that recent sale by Dev Ittycheria is the biggest insider sale of MongoDB shares that we’ve seen in the last year. So what is clear is that an insider saw fit to sell at around the current price of US$171. While we don’t usually like to see insider selling, it’s more concerning if the sales take place at a lower price. In this case, the big sale took place at around the current price, so it’s not too bad (but it’s still not a positive).

In the last year MongoDB insiders didn’t buy any company stock. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

Check out our latest analysis for MongoDB

I will like MongoDB better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it’s a good sign if insiders own a significant number of shares in the company. MongoDB insiders own 2.9% of the company, currently worth about US$344m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Does This Data Suggest About MongoDB Insiders?

Insiders sold MongoDB shares recently, but they didn’t buy any. And even if we look at the last year, we didn’t see any purchases. The company boasts high insider ownership, but we’re a little hesitant, given the history of share sales. While it’s good to be aware of what’s going on with the insider’s ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For example – MongoDB has 3 warning signs we think you should be aware of.

If you would prefer to check out another company — one with potentially superior financials — then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Article originally posted on mongodb google news. Visit mongodb google news