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

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 transaction of $236,067.92. Following the completion of the sale, the director now directly owns 21,096 shares in the company, valued at $4,241,983.68. This represents a 5.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

MongoDB Price Performance

MongoDB stock traded down $2.65 during trading hours on Friday, hitting $201.50. The company had a trading volume of 3,609,482 shares, compared to its average volume of 1,967,052. The firm has a market cap of $16.46 billion, a PE ratio of -176.75 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 firm has a 50-day moving average of $185.18 and a 200 day moving average of $222.83.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $549.01 million for the quarter, compared to analyst estimates of $527.49 million. During the same quarter in the prior year, the business posted $0.51 EPS. The business's revenue was up 21.8% compared to the same quarter last year. As a group, research analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MDB has been the topic of several research reports. Mizuho cut their price objective on shares of MongoDB from $250.00 to $190.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 15th. Morgan Stanley cut their price objective on shares of MongoDB from $315.00 to $235.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Citigroup cut their price objective on shares of MongoDB from $430.00 to $330.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Wedbush reissued an "outperform" rating and set a $300.00 price target on shares of MongoDB in a research report on Thursday, June 5th. Finally, Redburn Atlantic raised shares of MongoDB from a "sell" rating to a "neutral" rating and set a $170.00 price target on the stock in a research report on Thursday, April 17th. Eight analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, MongoDB presently has a consensus rating of "Moderate Buy" and an average price target of $282.47.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC boosted its position in shares of MongoDB by 181.8% during the 1st quarter. Acadian Asset Management LLC now owns 562,190 shares of the company's stock worth $98,586,000 after acquiring an additional 362,705 shares in the last quarter. IFM Investors Pty Ltd boosted its position in shares of MongoDB by 4.3% during the 1st quarter. IFM Investors Pty Ltd now owns 13,796 shares of the company's stock worth $2,420,000 after acquiring an additional 569 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of MongoDB by 11.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,271,444 shares of the company's stock worth $223,011,000 after acquiring an additional 129,451 shares in the last quarter. Woodline Partners LP boosted its position in shares of MongoDB by 30,297.0% during the 1st quarter. Woodline Partners LP now owns 322,208 shares of the company's stock worth $56,515,000 after acquiring an additional 321,148 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co boosted its position in shares of MongoDB by 36.1% during the 1st quarter. Meiji Yasuda Life Insurance Co now owns 3,997 shares of the company's stock worth $701,000 after acquiring an additional 1,060 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

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.

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