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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) CRO Cedric Pech sold 16,143 shares of the firm’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $378.86, for a total value of $6,115,936.98. Following the transaction, the executive now owns 34,418 shares in the company, valued at approximately $13,039,603.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Cedric Pech also recently made the following trade(s):
- On Wednesday, July 5th, Cedric Pech sold 2,738 shares of MongoDB stock. The shares were sold at an average price of $406.18, for a total value of $1,112,120.84.
- On Monday, July 3rd, Cedric Pech sold 360 shares of MongoDB stock. The shares were sold at an average price of $406.79, for a total value of $146,444.40.
MongoDB Trading Up 4.5 %
Shares of NASDAQ:MDB opened at $394.28 on Tuesday. The company has a current ratio of 4.48, a quick ratio of 4.19 and a debt-to-equity ratio of 1.29. MongoDB, Inc. has a 12-month low of $135.15 and a 12-month high of $439.00. The company has a market capitalization of $27.83 billion, a PE ratio of -113.95 and a beta of 1.11. The business has a 50 day moving average of $388.52 and a two-hundred day moving average of $312.41.
Analysts Set New Price Targets
MDB has been the topic of several analyst reports. Truist Financial lifted their target price on MongoDB from $420.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, September 1st. Tigress Financial lifted their target price on MongoDB from $365.00 to $490.00 in a research note on Wednesday, June 28th. KeyCorp boosted their price target on MongoDB from $372.00 to $462.00 and gave the stock an “overweight” rating in a research note on Friday, July 21st. William Blair restated an “outperform” rating on shares of MongoDB in a research note on Friday, June 2nd. Finally, UBS Group boosted their price target on MongoDB from $425.00 to $465.00 and gave the stock a “buy” rating in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $418.08.
Institutional Trading of MongoDB
Several large investors have recently made changes to their positions in the company. Jennison Associates LLC grew its holdings in MongoDB by 101,056.3% in the 2nd quarter. Jennison Associates LLC now owns 1,988,733 shares of the company’s stock valued at $817,350,000 after buying an additional 1,986,767 shares in the last quarter. 1832 Asset Management L.P. grew its holdings in MongoDB by 3,283,771.0% in the 4th quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock valued at $200,383,000 after buying an additional 1,017,969 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in MongoDB by 13.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,593,996 shares of the company’s stock valued at $1,770,313,000 after buying an additional 897,911 shares in the last quarter. Renaissance Technologies LLC grew its holdings in MongoDB by 493.2% in the 4th quarter. Renaissance Technologies LLC now owns 918,200 shares of the company’s stock valued at $180,738,000 after buying an additional 763,400 shares in the last quarter. Finally, Norges Bank purchased a new stake in MongoDB in the 4th quarter valued at $147,735,000. 88.89% of the stock is currently owned by hedge funds and other institutional investors.
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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