Insider Selling: MongoDB, Inc. (NASDAQ:MDB) CEO Sells 25,005 Shares of Stock

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) CEO Dev Ittycheria sold 25,005 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $234.00, for a total value of $5,851,170.00. Following the transaction, the chief executive officer now owns 256,974 shares of the company's stock, valued at $60,131,916. This trade represents a 8.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, April 2nd, Dev Ittycheria sold 18,512 shares of MongoDB stock. The stock was sold at an average price of $173.26, for a total transaction of $3,207,389.12.

MongoDB Stock Up 0.0%

Shares of NASDAQ:MDB traded up $0.06 during trading on Thursday, reaching $210.66. The stock had a trading volume of 2,180,893 shares, compared to its average volume of 1,956,293. The business has a fifty day moving average price of $179.38 and a 200-day moving average price of $227.94. The stock has a market cap of $17.10 billion, a P/E ratio of -76.88 and a beta of 1.39. MongoDB, Inc. has a fifty-two week low of $140.78 and a fifty-two week high of $370.00.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.65 by $0.35. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm had revenue of $549.01 million during the quarter, compared to analyst estimates of $527.49 million. During the same quarter in the prior year, the business posted $0.51 earnings per share. MongoDB's revenue for the quarter was up 21.8% compared to the same quarter last year. As a group, equities analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. OneDigital Investment Advisors LLC increased its stake in MongoDB by 3.9% during the 4th quarter. OneDigital Investment Advisors LLC now owns 1,044 shares of the company's stock valued at $243,000 after buying an additional 39 shares during the period. Avestar Capital LLC raised its position in MongoDB by 2.0% during the fourth quarter. Avestar Capital LLC now owns 2,165 shares of the company's stock valued at $504,000 after acquiring an additional 42 shares in the last quarter. Aigen Investment Management LP raised its position in shares of MongoDB by 1.4% in the fourth quarter. Aigen Investment Management LP now owns 3,921 shares of the company's stock valued at $913,000 after purchasing an additional 55 shares during the period. Handelsbanken Fonder AB grew its stake in shares of MongoDB by 0.4% in the first quarter. Handelsbanken Fonder AB now owns 14,816 shares of the company's stock worth $2,599,000 after acquiring an additional 65 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its stake in MongoDB by 4.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,647 shares of the company's stock worth $383,000 after buying an additional 75 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MDB. Scotiabank increased their target price on shares of MongoDB from $160.00 to $230.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 5th. Mizuho reduced their price target on shares of MongoDB from $250.00 to $190.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Truist Financial reduced their price target on shares of MongoDB from $300.00 to $275.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Bank of America upped their price target on shares of MongoDB from $215.00 to $275.00 and gave the stock a "buy" rating in a research report on Thursday, June 5th. Finally, Wedbush reiterated an "outperform" rating and issued a $300.00 price objective on shares of MongoDB in a report on Thursday, June 5th. Eight equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, MongoDB has an average rating of "Moderate Buy" and an average price target of $282.47.

MongoDB Company Profile

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.