Mongodb Inc (NASDAQ:MDB) CEO Sells $2,876,380.00 in Stock

Mongodb Inc (NASDAQ:MDB) CEO Dev Ittycheria sold 23,000 shares of Mongodb stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $125.06, for a total transaction of $2,876,380.00.

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

  • On Wednesday, October 2nd, Dev Ittycheria sold 28,745 shares of Mongodb stock. The stock was sold at an average price of $118.90, for a total transaction of $3,417,780.50.
  • On Tuesday, September 3rd, Dev Ittycheria sold 23,000 shares of Mongodb stock. The stock was sold at an average price of $150.50, for a total transaction of $3,461,500.00.

Shares of NASDAQ MDB opened at $127.03 on Thursday. The stock has a market cap of $7.22 billion, a P/E ratio of -73.85 and a beta of 0.07. The firm has a 50 day moving average price of $126.67 and a 200 day moving average price of $141.98. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.82 and a current ratio of 2.82. Mongodb Inc has a 52-week low of $65.62 and a 52-week high of $184.78.

Mongodb (NASDAQ:MDB) last issued its quarterly earnings data on Wednesday, September 4th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.51) by ($0.07). The firm had revenue of $99.40 million for the quarter, compared to analyst estimates of $91.70 million. Mongodb had a negative net margin of 36.58% and a negative return on equity of 43.95%. The firm’s revenue for the quarter was up 66.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.41) EPS. Analysts predict that Mongodb Inc will post -2.26 earnings per share for the current fiscal year.

Several brokerages have recently commented on MDB. Oppenheimer lowered their price target on shares of Mongodb from $180.00 to $155.00 and set an “outperform” rating for the company in a research report on Friday, October 11th. Piper Jaffray Companies began coverage on shares of Mongodb in a research report on Monday, October 28th. They set an “overweight” rating and a $158.00 price target for the company. Zacks Investment Research cut shares of Mongodb from a “hold” rating to a “sell” rating in a research report on Friday, September 20th. Morgan Stanley lowered their price target on shares of Mongodb from $160.00 to $150.00 and set a “weight” rating for the company in a research report on Wednesday, October 16th. Finally, Needham & Company LLC set a $184.00 price target on shares of Mongodb and gave the stock a “buy” rating in a research report on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $162.64.

Hedge funds and other institutional investors have recently modified their holdings of the stock. FNY Investment Advisers LLC grew its holdings in Mongodb by 1,638.5% during the second quarter. FNY Investment Advisers LLC now owns 200 shares of the company’s stock valued at $30,000 after purchasing an additional 213 shares during the period. Captrust Financial Advisors grew its holdings in Mongodb by 100.0% during the second quarter. Captrust Financial Advisors now owns 200 shares of the company’s stock valued at $30,000 after purchasing an additional 100 shares during the period. Advisory Services Network LLC acquired a new position in Mongodb during the second quarter valued at approximately $33,000. CENTRAL TRUST Co grew its holdings in Mongodb by 79.4% during the third quarter. CENTRAL TRUST Co now owns 226 shares of the company’s stock valued at $27,000 after purchasing an additional 100 shares during the period. Finally, Lindbrook Capital LLC grew its holdings in Mongodb by 50.0% during the second quarter. Lindbrook Capital LLC now owns 300 shares of the company’s stock valued at $45,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 71.66% of the company’s stock.

Mongodb Company Profile

MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted 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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Insider Buying and Selling by Quarter for Mongodb (NASDAQ:MDB)

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