MongoDB, Inc. (NASDAQ:MDB) CEO Sells $11,238,500.00 in Stock

MongoDB, Inc. (NASDAQ:MDBGet Rating) CEO Dev Ittycheria sold 35,000 shares of the stock in a transaction on Thursday, May 5th. The shares were sold at an average price of $321.10, for a total value of $11,238,500.00. Following the completion of the sale, the chief executive officer now owns 204,744 shares in the company, valued at $65,743,298.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Dev Ittycheria also recently made the following trade(s):

  • On Wednesday, April 6th, Dev Ittycheria sold 35,000 shares of MongoDB stock. The shares were sold at an average price of $412.38, for a total value of $14,433,300.00.
  • On Friday, March 4th, Dev Ittycheria sold 35,000 shares of MongoDB stock. The shares were sold at an average price of $309.78, for a total value of $10,842,300.00.
  • On Thursday, February 10th, Dev Ittycheria sold 33,692 shares of MongoDB stock. The shares were sold at an average price of $449.01, for a total value of $15,128,044.92.

Shares of NASDAQ MDB traded down $46.99 during midday trading on Monday, reaching $252.72. 2,706,132 shares of the company were exchanged, compared to its average volume of 1,311,034. The company has a current ratio of 4.02, a quick ratio of 4.02 and a debt-to-equity ratio of 1.70. MongoDB, Inc. has a 1 year low of $238.01 and a 1 year high of $590.00. The stock has a fifty day simple moving average of $379.88 and a 200 day simple moving average of $438.92. The stock has a market cap of $17.08 billion, a P/E ratio of -53.32 and a beta of 0.98.

MongoDB (NASDAQ:MDBGet Rating) last released its quarterly earnings results on Tuesday, March 8th. The company reported ($1.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.25) by $0.05. The firm had revenue of $266.50 million for the quarter, compared to analyst estimates of $243.42 million. MongoDB had a negative return on equity of 66.70% and a negative net margin of 35.12%. The business’s revenue was up 55.8% on a year-over-year basis. During the same quarter last year, the company posted ($1.01) earnings per share. As a group, analysts forecast that MongoDB, Inc. will post -5.48 earnings per share for the current year.

A number of large investors have recently made changes to their positions in MDB. Raymond James & Associates lifted its position in MongoDB by 51.9% in the third quarter. Raymond James & Associates now owns 3,066 shares of the company’s stock valued at $1,446,000 after purchasing an additional 1,048 shares during the period. Advisor Group Holdings Inc. lifted its position in shares of MongoDB by 9.0% during the 3rd quarter. Advisor Group Holdings Inc. now owns 4,225 shares of the company’s stock valued at $1,992,000 after acquiring an additional 349 shares during the period. Truist Financial Corp lifted its position in shares of MongoDB by 22.4% during the 3rd quarter. Truist Financial Corp now owns 3,026 shares of the company’s stock valued at $1,427,000 after acquiring an additional 553 shares during the period. Meeder Asset Management Inc. lifted its position in shares of MongoDB by 3,100.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 736 shares of the company’s stock valued at $347,000 after acquiring an additional 713 shares during the period. Finally, Ieq Capital LLC lifted its position in shares of MongoDB by 7.8% during the 3rd quarter. Ieq Capital LLC now owns 1,256 shares of the company’s stock valued at $592,000 after acquiring an additional 91 shares during the period. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Several equities analysts recently commented on the company. Morgan Stanley dropped their target price on MongoDB from $633.00 to $475.00 and set an “overweight” rating on the stock in a report on Wednesday, March 16th. Stifel Nicolaus dropped their target price on MongoDB from $550.00 to $425.00 in a report on Wednesday, March 9th. Tigress Financial started coverage on MongoDB in a report on Friday, February 11th. They issued a “buy” rating and a $630.00 target price on the stock. Zacks Investment Research lowered MongoDB from a “hold” rating to a “sell” rating in a report on Thursday, February 3rd. Finally, Mizuho dropped their price objective on MongoDB from $400.00 to $325.00 and set a “neutral” rating on the stock in a report on Wednesday, March 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $496.72.

MongoDB Company Profile (Get Rating)

MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud 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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