MongoDB (NASDAQ:MDB) Director Sells $6,437,400.00 in Stock

MongoDB, Inc. (NASDAQ:MDB) Director Peter Thomas Killalea sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $321.87, for a total value of $6,437,400.00. Following the transaction, the director owned 32,293 shares of the company’s stock, valued at approximately $10,394,147.91. This represents a 38.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

MongoDB Stock Up 0.0%

NASDAQ:MDB opened at $315.32 on Friday. The firm’s fifty day simple moving average is $266.28 and its 200 day simple moving average is $215.22. The stock has a market cap of $25.65 billion, a P/E ratio of -321.76 and a beta of 1.49. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $370.00.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MDB. Citigroup reiterated an “outperform” rating on shares of MongoDB in a research report on Friday, September 19th. Wolfe Research lifted their price objective on MongoDB from $280.00 to $350.00 and gave the company an “outperform” rating in a research report on Wednesday, August 27th. Royal Bank Of Canada reissued an “outperform” rating and issued a $350.00 target price on shares of MongoDB in a research report on Thursday, September 18th. Rosenblatt Securities restated a “buy” rating and issued a $290.00 target price on shares of MongoDB in a research note on Friday, August 22nd. Finally, Barclays lifted their price target on MongoDB from $305.00 to $345.00 and gave the company an “overweight” rating in a research report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and an average price target of $336.83.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its stake in shares of MongoDB by 20.0% in the second quarter. Parallel Advisors LLC now owns 1,494 shares of the company’s stock worth $314,000 after acquiring an additional 249 shares during the last quarter. 111 Capital bought a new position in MongoDB in the 4th quarter worth about $390,000. Park Avenue Securities LLC grew its position in MongoDB by 52.6% during the 1st quarter. Park Avenue Securities LLC now owns 2,630 shares of the company’s stock valued at $461,000 after purchasing an additional 907 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in MongoDB by 4.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,748 shares of the company’s stock valued at $1,359,000 after purchasing an additional 298 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in MongoDB by 181.8% during the 1st quarter. Acadian Asset Management LLC now owns 562,190 shares of the company’s stock valued at $98,586,000 after purchasing an additional 362,705 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

MongoDB Company Profile

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.