MongoDB, Inc. (NASDAQ:MDB) CRO Cedric Pech Sells 4,726 Shares

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) CRO Cedric Pech sold 4,726 shares of the firm's stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $350.00, for a total value of $1,654,100.00. Following the completion of the transaction, the executive now owns 35,992 shares of the company's stock, valued at approximately $12,597,200. The sale was disclosed in a document filed with the SEC, which is available through this link.

Cedric Pech also recently made the following trade(s):

• On Tuesday, April 2nd, Cedric Pech sold 1,430 shares of MongoDB stock. The shares were sold at an average price of $348.11, for a total transaction of $497,797.30.
• On Tuesday, January 16th, Cedric Pech sold 1,248 shares of MongoDB stock. The stock was sold at an average price of $400.00, for a total transaction of $499,200.00.

MongoDB Stock Performance

Shares of NASDAQ:MDB traded up $0.50 during trading on Monday, hitting $363.32. 901,384 shares of the stock were exchanged, compared to its average volume of 1,422,509. The company's fifty day simple moving average is $407.84 and its 200-day simple moving average is $390.04. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.40 and a current ratio of 4.40. The company has a market capitalization of $26.46 billion, a price-to-earnings ratio of -146.50 and a beta of 1.20. MongoDB, Inc. has a 1-year low of $198.72 and a 1-year high of $509.62.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing analysts' consensus estimates of ($0.71) by ($0.32). MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. The company had revenue of $458.00 million during the quarter, compared to the consensus estimate of $431.99 million. Sell-side analysts expect that MongoDB, Inc. will post -2.53 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MDB shares. KeyCorp upped their price objective on shares of MongoDB from $500.00 to $543.00 and gave the company an "overweight" rating in a report on Wednesday, February 14th. Tigress Financial increased their target price on shares of MongoDB from $495.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, March 28th. Stifel Nicolaus restated a "buy" rating and set a $435.00 price objective on shares of MongoDB in a research report on Thursday, March 14th. JMP Securities reissued a "market outperform" rating and issued a $440.00 price target on shares of MongoDB in a report on Monday, January 22nd. Finally, Truist Financial lifted their target price on shares of MongoDB from $440.00 to $500.00 and gave the company a "buy" rating in a research note on Tuesday, February 20th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $449.85.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MDB. Raymond James & Associates lifted its stake in MongoDB by 32.0% during the 1st quarter. Raymond James & Associates now owns 4,922 shares of the company's stock valued at $2,183,000 after acquiring an additional 1,192 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of MongoDB by 19.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,282 shares of the company's stock valued at $569,000 after acquiring an additional 206 shares during the last quarter. MetLife Investment Management LLC bought a new stake in MongoDB in the 1st quarter worth approximately $1,823,000. Panagora Asset Management Inc. lifted its position in MongoDB by 9.8% in the 1st quarter. Panagora Asset Management Inc. now owns 1,977 shares of the company's stock worth $877,000 after buying an additional 176 shares during the last quarter. Finally, Vontobel Holding Ltd. lifted its position in MongoDB by 100.3% in the 1st quarter. Vontobel Holding Ltd. now owns 2,873 shares of the company's stock worth $1,236,000 after buying an additional 1,439 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company's stock.

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.