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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) CFO Michael Lawrence Gordon sold 5,000 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $370.82, for a total value of $1,854,100.00. Following the completion of the transaction, the chief financial officer now directly owns 101,509 shares in the company, valued at $37,641,567.38. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Michael Lawrence Gordon also recently made the following trade(s):
- On Monday, July 3rd, Michael Lawrence Gordon sold 2,197 shares of MongoDB stock. The stock was sold at an average price of $406.79, for a total transaction of $893,717.63.
MongoDB Stock Down 1.5 %
NASDAQ MDB opened at $356.54 on Tuesday. The business has a fifty day moving average price of $385.06 and a 200 day moving average price of $317.99. MongoDB, Inc. has a one year low of $135.15 and a one year high of $439.00. The company has a debt-to-equity ratio of 1.29, a quick ratio of 4.48 and a current ratio of 4.48. The company has a market cap of $25.44 billion, a P/E ratio of -103.05 and a beta of 1.11.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on MDB. KeyCorp boosted their price objective on MongoDB from $372.00 to $462.00 and gave the company an “overweight” rating in a report on Friday, July 21st. 22nd Century Group reissued a “maintains” rating on shares of MongoDB in a report on Monday, June 26th. Argus boosted their price objective on MongoDB from $435.00 to $484.00 and gave the company a “buy” rating in a report on Tuesday, September 5th. JMP Securities increased their price target on shares of MongoDB from $425.00 to $440.00 and gave the stock a “market outperform” rating in a report on Friday, September 1st. Finally, Tigress Financial increased their price target on shares of MongoDB from $365.00 to $490.00 in a report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-one have given a buy rating to the company’s stock. According to MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and an average target price of $418.08.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in MDB. GPS Wealth Strategies Group LLC purchased a new position in MongoDB in the 2nd quarter worth approximately $26,000. KB Financial Partners LLC purchased a new position in MongoDB in the 2nd quarter worth approximately $27,000. Capital Advisors Ltd. LLC lifted its stake in MongoDB by 131.0% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 67 shares of the company’s stock worth $28,000 after purchasing an additional 38 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in MongoDB by 176.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 94 shares of the company’s stock worth $39,000 after purchasing an additional 60 shares in the last quarter. Finally, Coppell Advisory Solutions LLC purchased a new position in MongoDB in the 2nd quarter worth approximately $43,000. 88.89% of the stock is owned by institutional investors and hedge funds.
MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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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