Michael Lawrence Gordon Sells 5,000 Shares of MongoDB, Inc. (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) CFO Michael Lawrence Gordon sold 5,000 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $267.85, for a total value of $1,339,250.00. Following the sale, the chief financial officer now owns 80,307 shares in the company, valued at $21,510,229.95. The trade was a 5.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Michael Lawrence Gordon also recently made the following trade(s):

• On Monday, October 14th, Michael Lawrence Gordon sold 5,000 shares of MongoDB stock. The shares were sold at an average price of $290.31, for a total transaction of $1,451,550.00.
• On Wednesday, October 2nd, Michael Lawrence Gordon sold 1,884 shares of MongoDB stock. The stock was sold at an average price of $256.25, for a total transaction of $482,775.00.

MongoDB Stock Performance

MDB stock opened at $245.00 on Friday. MongoDB, Inc. has a one year low of $212.74 and a one year high of $509.62. The firm has a market cap of $18.10 billion, a price-to-earnings ratio of -89.42 and a beta of 1.17. The firm has a 50-day simple moving average of $291.99 and a two-hundred day simple moving average of $267.25.

MongoDB (NASDAQ:MDB) last posted its earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The company had revenue of $529.40 million during the quarter, compared to analysts’ expectations of $497.39 million. During the same quarter in the prior year, the company posted $0.96 earnings per share. MongoDB’s revenue for the quarter was up 22.3% compared to the same quarter last year. As a group, equities analysts predict that MongoDB, Inc. will post -2.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. DA Davidson increased their price objective on shares of MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Morgan Stanley increased their price target on MongoDB from $340.00 to $350.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Piper Sandler restated an “overweight” rating and set a $425.00 price objective on shares of MongoDB in a report on Tuesday, December 10th. Wells Fargo & Company increased their target price on MongoDB from $350.00 to $425.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Finally, Rosenblatt Securities began coverage on shares of MongoDB in a research note on Tuesday. They set a “buy” rating and a $350.00 target price for the company. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and a consensus price target of $366.14.

Institutional Trading of MongoDB

A number of institutional investors have recently made changes to their positions in the business. Quarry LP raised its stake in MongoDB by 2,580.0% in the second quarter. Quarry LP now owns 134 shares of the company’s stock valued at $33,000 after buying an additional 129 shares during the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of MongoDB during the second quarter worth about $35,000. Brooklyn Investment Group acquired a new position in shares of MongoDB during the third quarter valued at about $36,000. GAMMA Investing LLC raised its position in shares of MongoDB by 178.8% in the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock valued at $39,000 after purchasing an additional 93 shares during the last quarter. Finally, Continuum Advisory LLC boosted its stake in MongoDB by 621.1% in the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after purchasing an additional 118 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

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.