Mongodb Inc (NASDAQ:MDB) CRO Cedric Pech Sells 2,201 Shares

Mongodb Inc (NASDAQ:MDB) CRO Cedric Pech sold 2,201 shares of Mongodb stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $206.50, for a total transaction of $454,506.50. Following the completion of the transaction, the executive now directly owns 43,310 shares in the company, valued at approximately $8,943,515. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

  • On Thursday, July 2nd, Cedric Pech sold 221 shares of Mongodb stock. The stock was sold at an average price of $222.88, for a total transaction of $49,256.48.
  • On Monday, July 6th, Cedric Pech sold 2,149 shares of Mongodb stock. The stock was sold at an average price of $227.29, for a total transaction of $488,446.21.

MDB stock opened at $209.64 on Friday. The company has a debt-to-equity ratio of 15.11, a quick ratio of 4.57 and a current ratio of 4.57. The firm has a 50 day simple moving average of $213.92 and a 200 day simple moving average of $186.43. Mongodb Inc has a 52 week low of $93.81 and a 52 week high of $258.05.

Mongodb (NASDAQ:MDB) last posted its quarterly earnings results on Wednesday, September 2nd. The company reported ($0.22) EPS for the quarter, topping the consensus estimate of ($0.40) by $0.18. The business had revenue of $138.30 million during the quarter, compared to analysts’ expectations of $126.83 million. Mongodb had a negative net margin of 44.55% and a negative return on equity of 132.70%. The firm’s quarterly revenue was up 39.1% compared to the same quarter last year. During the same period last year, the company posted ($0.26) earnings per share. On average, sell-side analysts forecast that Mongodb Inc will post -3.58 earnings per share for the current year.

MDB has been the topic of several recent research reports. Zacks Investment Research cut shares of Mongodb from a “hold” rating to a “sell” rating in a research note on Thursday. DA Davidson raised their target price on shares of Mongodb from $215.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, September 3rd. They noted that the move was a valuation call. Citigroup raised their target price on shares of Mongodb from $275.00 to $305.00 and gave the stock a “buy” rating in a report on Thursday, September 3rd. Barclays raised their target price on shares of Mongodb from $280.00 to $287.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. Finally, Monness Crespi & Hardt cut shares of Mongodb from a “buy” rating to a “neutral” rating in a report on Friday, June 5th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $248.31.

Several hedge funds have recently bought and sold shares of MDB. Morgan Stanley boosted its holdings in shares of Mongodb by 31.7% during the first quarter. Morgan Stanley now owns 5,302,766 shares of the company’s stock worth $724,040,000 after purchasing an additional 1,276,429 shares during the period. William Blair Investment Management LLC acquired a new stake in Mongodb in the first quarter valued at approximately $78,005,000. Vanguard Group Inc. lifted its stake in Mongodb by 5.1% in the second quarter. Vanguard Group Inc. now owns 4,444,358 shares of the company’s stock valued at $1,005,936,000 after acquiring an additional 216,179 shares during the last quarter. Capital International Investors lifted its stake in Mongodb by 26.0% in the first quarter. Capital International Investors now owns 957,973 shares of the company’s stock valued at $130,802,000 after acquiring an additional 197,754 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in Mongodb by 23.2% in the second quarter. First Trust Advisors LP now owns 872,185 shares of the company’s stock valued at $197,410,000 after acquiring an additional 164,123 shares during the last quarter. Institutional investors and hedge funds own 87.09% 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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