Srdjan Tanjga Sells 525 Shares of MongoDB, Inc. (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) CFO Srdjan Tanjga sold 525 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $90,961.50. Following the completion of the sale, the chief financial officer now directly owns 6,406 shares of the company’s stock, valued at $1,109,903.56. The trade was a 7.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

MongoDB Stock Performance

Shares of NASDAQ MDB opened at $154.39 on Friday. The business has a fifty day moving average of $236.68 and a two-hundred day moving average of $261.91. MongoDB, Inc. has a 52-week low of $151.52 and a 52-week high of $387.19. The stock has a market cap of $12.53 billion, a PE ratio of -56.35 and a beta of 1.49.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). The firm had revenue of $548.40 million during the quarter, compared to analyst estimates of $519.65 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. During the same quarter last year, the firm earned $0.86 earnings per share. Analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Guggenheim raised MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price objective for the company in a research note on Monday, January 6th. Wedbush lowered their price objective on shares of MongoDB from $360.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Mizuho raised their price target on MongoDB from $275.00 to $320.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Truist Financial cut their price target on shares of MongoDB from $300.00 to $275.00 and set a “buy” rating on the stock in a report on Monday, March 31st. Finally, DA Davidson raised their target price on MongoDB from $340.00 to $405.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Seven research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $312.84.

Institutional Investors Weigh In On MongoDB

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company increased its stake in shares of MongoDB by 3.8% in the third quarter. The Manufacturers Life Insurance Company now owns 28,101 shares of the company’s stock valued at $7,596,000 after buying an additional 1,022 shares in the last quarter. MetLife Investment Management LLC increased its position in MongoDB by 1.6% in the 3rd quarter. MetLife Investment Management LLC now owns 4,450 shares of the company’s stock valued at $1,203,000 after acquiring an additional 72 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of MongoDB by 19.0% in the third quarter. Captrust Financial Advisors now owns 1,445 shares of the company’s stock worth $391,000 after acquiring an additional 231 shares during the last quarter. Benjamin Edwards Inc. acquired a new position in shares of MongoDB during the third quarter worth approximately $1,055,000. Finally, Hilltop Holdings Inc. bought a new stake in shares of MongoDB during the third quarter valued at approximately $292,000. 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.