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Mongodb Inc (NASDAQ:MDB) CFO Michael Lawrence Gordon sold 721 shares of the firm’s stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $49.40, for a total value of $35,617.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of NASDAQ MDB traded up $0.95 during mid-day trading on Thursday, reaching $51.18. 512,700 shares of the company traded hands, compared to its average volume of 673,737. The firm has a market cap of $2.54 billion and a price-to-earnings ratio of -29.41. Mongodb Inc has a fifty-two week low of $24.62 and a fifty-two week high of $59.54.

Mongodb (NASDAQ:MDB) last issued its quarterly earnings data on Wednesday, June 6th. The company reported ($0.43) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.43). The company had revenue of $48.20 million for the quarter, compared to analyst estimates of $46.46 million. Mongodb’s revenue for the quarter was up 48.8% on a year-over-year basis. analysts predict that Mongodb Inc will post -2.22 earnings per share for the current year.

A number of equities research analysts have recently weighed in on the company. Citigroup assumed coverage on Mongodb in a research note on Thursday, June 28th. They set a “neutral” rating and a $56.00 price target for the company. Needham & Company LLC raised their price target on Mongodb from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, June 12th. Stifel Nicolaus raised their price target on Mongodb from $47.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, June 7th. KeyCorp increased their price objective on Mongodb from $50.00 to $62.00 and gave the company an “overweight” rating in a report on Thursday, June 7th. Finally, Canaccord Genuity reissued a “buy” rating and set a $54.00 price objective (up previously from $45.00) on shares of Mongodb in a report on Thursday, June 7th. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $47.00.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Brighton Jones LLC grew its holdings in Mongodb by 43.3% in the 1st quarter. Brighton Jones LLC now owns 10,313 shares of the company’s stock valued at $448,000 after buying an additional 3,116 shares during the last quarter. UBS Group AG grew its holdings in Mongodb by 267.4% in the 1st quarter. UBS Group AG now owns 5,052 shares of the company’s stock valued at $219,000 after buying an additional 3,677 shares during the last quarter. Northern Trust Corp grew its holdings in Mongodb by 26.0% in the 1st quarter. Northern Trust Corp now owns 19,672 shares of the company’s stock valued at $854,000 after buying an additional 4,060 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new stake in Mongodb in the 1st quarter valued at approximately $177,000. Finally, Schwab Charles Investment Management Inc. acquired a new stake in Mongodb in the 1st quarter valued at approximately $217,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

About Mongodb

MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted database-as-a-service solution; 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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