MongoDB, Inc. (NASDAQ:MDB – Get Free Report) insider Cedric Pech sold 1,690 shares of MongoDB stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $292,809.40. Following the transaction, the insider now directly owns 57,634 shares of the company’s stock, valued at approximately $9,985,666.84. This trade represents a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

MongoDB Stock Down 4.5 %

NASDAQ:MDB traded down $7.01 during trading hours on Monday, hitting $147.38. 5,169,359 shares of the stock traded hands, compared to its average volume of 1,771,869. The stock has a 50 day moving average price of $236.68 and a 200 day moving average price of $261.78. The company has a market cap of $11.97 billion, a price-to-earnings ratio of -53.79 and a beta of 1.49. MongoDB, Inc. has a 1 year low of $140.96 and a 1 year high of $387.19.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.45). The firm had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same period in the prior year, the company posted $0.86 EPS. Equities analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Institutional Trading of MongoDB

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in MongoDB by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 7,328,745 shares of the company’s stock valued at $1,706,205,000 after buying an additional 23,942 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of MongoDB by 9.7% during the fourth quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company’s stock worth $478,398,000 after acquiring an additional 181,962 shares during the last quarter. Geode Capital Management LLC grew its stake in MongoDB by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 1,252,142 shares of the company’s stock valued at $290,987,000 after acquiring an additional 22,106 shares in the last quarter. First Trust Advisors LP increased its holdings in MongoDB by 12.6% in the 4th quarter. First Trust Advisors LP now owns 854,906 shares of the company’s stock valued at $199,031,000 after acquiring an additional 95,893 shares during the last quarter. Finally, Norges Bank purchased a new stake in MongoDB in the 4th quarter worth $189,584,000. Institutional investors own 89.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on MDB shares. KeyCorp cut MongoDB from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Mizuho lifted their price target on MongoDB from $275.00 to $320.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Loop Capital cut their price objective on shares of MongoDB from $400.00 to $350.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Stifel Nicolaus decreased their target price on shares of MongoDB from $425.00 to $340.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Finally, Tigress Financial raised their price target on shares of MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and an average price target of $312.84.

Check Out Our Latest Analysis on MongoDB

About MongoDB

(Get Free Report)

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides 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-premises, 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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