Thomas Bull Sells 301 Shares of MongoDB, Inc. (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) CAO Thomas Bull sold 301 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total transaction of $52,148.25. Following the transaction, the chief accounting officer now owns 14,598 shares of the company’s stock, valued at approximately $2,529,103.50. This represents a 2.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

MongoDB Stock Performance

MDB stock opened at $154.39 on Friday. MongoDB, Inc. has a one year low of $151.52 and a one year high of $387.19. The company’s 50 day moving average price is $236.68 and its two-hundred day moving average price is $261.91. The company has a market capitalization of $12.53 billion, a PE ratio of -56.35 and a beta of 1.49.

MongoDB (NASDAQ:MDB) last posted 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 for the quarter, compared to the consensus estimate 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 in the prior year, the company earned $0.86 earnings per share. On average, research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MDB. OneDigital Investment Advisors LLC increased its stake in shares of MongoDB by 3.9% during the fourth 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. Hilltop National Bank raised its holdings in MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after purchasing an additional 42 shares in the last quarter. Avestar Capital LLC lifted its position in shares of MongoDB by 2.0% in the 4th quarter. Avestar Capital LLC now owns 2,165 shares of the company’s stock worth $504,000 after purchasing an additional 42 shares during the period. Aigen Investment Management LP lifted its position in shares of MongoDB by 1.4% in the 4th quarter. Aigen Investment Management LP now owns 3,921 shares of the company’s stock worth $913,000 after purchasing an additional 55 shares during the period. Finally, Perigon Wealth Management LLC boosted its stake in shares of MongoDB by 2.7% during the 4th quarter. Perigon Wealth Management LLC now owns 2,528 shares of the company’s stock valued at $627,000 after purchasing an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MDB. Truist Financial decreased their target price on shares of MongoDB from $300.00 to $275.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Citigroup lowered their target price on MongoDB from $430.00 to $330.00 and set a “buy” rating for the company in a report on Tuesday, April 1st. Bank of America cut their price target on MongoDB from $420.00 to $286.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. 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. Finally, JMP Securities reiterated a “market outperform” rating and set a $380.00 target price on shares of MongoDB in a research report on Wednesday, December 11th. 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $312.84.

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.