MongoDB, Inc. (NASDAQ:MDB) Director Hope F. Cochran Sells 1,174 Shares

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) Director Hope F. Cochran sold 1,174 shares of the business's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total value of $236,067.92. Following the completion of the sale, the director now directly owns 21,096 shares in the company, valued at approximately $4,241,983.68. This represents a 5.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

MongoDB Stock Performance

MDB traded up $1.74 during midday trading on Monday, reaching $203.24. 1,600,679 shares of the company were exchanged, compared to its average volume of 1,962,084. The stock has a market capitalization of $16.61 billion, a P/E ratio of -178.28 and a beta of 1.39. MongoDB, Inc. has a one year low of $140.78 and a one year high of $370.00. The stock's 50-day simple moving average is $185.96 and its 200 day simple moving average is $220.36.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.35. MongoDB had a negative net margin of 4.09% and a negative return on equity of 3.16%. The business had revenue of $549.01 million for the quarter, compared to analyst estimates of $527.49 million. During the same quarter last year, the firm earned $0.51 EPS. MongoDB's quarterly revenue was up 21.8% compared to the same quarter last year. On average, research analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group cut their price target on shares of MongoDB from $390.00 to $335.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Canaccord Genuity Group dropped their price objective on shares of MongoDB from $385.00 to $320.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Monness Crespi & Hardt raised MongoDB from a "neutral" rating to a "buy" rating and set a $295.00 target price on the stock in a report on Thursday, June 5th. Loop Capital cut MongoDB from a "buy" rating to a "hold" rating and dropped their price target for the company from $350.00 to $190.00 in a report on Tuesday, May 20th. Finally, Wedbush reiterated an "outperform" rating and issued a $300.00 price objective on shares of MongoDB in a research report on Thursday, June 5th. Eight equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, MongoDB currently has a consensus rating of "Moderate Buy" and a consensus target price of $282.47.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. HighTower Advisors LLC raised its holdings in shares of MongoDB by 2.0% during the fourth quarter. HighTower Advisors LLC now owns 18,773 shares of the company's stock worth $4,371,000 after acquiring an additional 372 shares during the period. Jones Financial Companies Lllp increased its holdings in MongoDB by 68.0% during the 4th quarter. Jones Financial Companies Lllp now owns 1,020 shares of the company's stock worth $237,000 after purchasing an additional 413 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of MongoDB by 56.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 370 shares of the company's stock valued at $87,000 after purchasing an additional 134 shares during the period. 111 Capital bought a new stake in shares of MongoDB in the fourth quarter valued at about $390,000. Finally, Park Avenue Securities LLC boosted its position in shares of MongoDB by 52.6% during the first quarter. Park Avenue Securities LLC now owns 2,630 shares of the company's stock worth $461,000 after buying an additional 907 shares during the period. 89.29% of the stock is owned by institutional investors and hedge funds.

About MongoDB

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.