MongoDB Inc (NASDAQ:MDB), a leading modern, general purpose database platform, has reported an insider sale according to a recent SEC filing. Chief Revenue Officer Cedric Pech sold 1,248 shares of the company on January 16, 2024. The transaction was executed at an average price of $400 per share, resulting in a total sale amount of $499,200. Cedric Pech has a history of selling shares in the company. , In the last year, insiders have sold a total of 56,706 shares and made no purchases of MongoDB Inc stock.

MongoDB Inc Chief Revenue Officer Cedric Pech sold 1,248 shares

The history of insider transactions for MongoDB Inc shows a pattern of insider sales over the last year, with 61 insider sales and no insider purchases recorded. MongoDB Inc’s business involves providing a database platform that enables developers to build and modernize applications across a wide range of uses. Whether in the cloud, on-premises, or in a hybrid environment. The company’s technology is designed to provide developers with the tools to work with data in a highly flexible and scalable manner, meeting the demands of modern applications. On the valuation front, shares of MongoDB Inc were trading at $400 on Insider’s most recent day. The sale, which gave the company a market capitalization of $28.31 billion.

MongoDB Inc Chief Revenue Officer Cedric Pech sold 1,248 shares

With the stock price at $400 and GuruFocus Value (GF Value) of $482.92, MongoDB Inc.’s price-to-GF-Value ratio is 0.83, indicating that the stock is marginally undervalued according to GuruFocus’ intrinsic value estimate. GF Value is determined by considering historical trading multiples, a GuruFocus adjustment factor based on the company’s past returns and growth, and Morningstar analysts’ future business performance estimates.

This article prepared by GuruFocus is designed to provide general information and does not constitute financial advice. Our commentary is rooted in historical data and analyst estimates using unbiased methodology, and is not intended to serve as specific investment guidance. It does not constitute a recommendation to buy or sell any stock and does not take into account individual investment objectives or financial circumstances. Our objective is to provide long-term, fundamental data-driven analysis. Be aware that our analysis may not include the latest, price-sensitive company announcements or qualitative information. GuruFocus has no position in the stocks mentioned here.

This article first appeared on GuruFocus.

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