MongoDB, Inc. (NASDAQ:MDB) CRO Cedric Pech Sells 1,430 Shares of Stock

MongoDB, Inc. (NASDAQ:MDBGet Free Report) CRO Cedric Pech sold 1,430 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $348.11, for a total transaction of $497,797.30. Following the completion of the sale, the executive now owns 45,444 shares in the company, valued at $15,819,510.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

  • On Tuesday, January 16th, Cedric Pech sold 1,248 shares of MongoDB stock. The shares were sold at an average price of $400.00, for a total transaction of $499,200.00.

MongoDB Price Performance

NASDAQ:MDB opened at $339.82 on Thursday. MongoDB, Inc. has a 1-year low of $198.72 and a 1-year high of $509.62. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40. The firm has a fifty day simple moving average of $410.76 and a 200 day simple moving average of $389.60.

MongoDB (NASDAQ:MDBGet Free Report) last released its earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing the consensus estimate of ($0.71) by ($0.32). MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. The firm had revenue of $458.00 million during the quarter, compared to the consensus estimate of $431.99 million. On average, sell-side analysts expect that MongoDB, Inc. will post -2.53 EPS for the current fiscal year.

Hedge Funds Weigh In On MongoDB

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James & Associates boosted its position in MongoDB by 32.0% during the first quarter. Raymond James & Associates now owns 4,922 shares of the company’s stock worth $2,183,000 after purchasing an additional 1,192 shares during the period. PNC Financial Services Group Inc. boosted its position in MongoDB by 19.1% during the first quarter. PNC Financial Services Group Inc. now owns 1,282 shares of the company’s stock worth $569,000 after purchasing an additional 206 shares during the period. MetLife Investment Management LLC bought a new position in MongoDB during the first quarter worth $1,823,000. Panagora Asset Management Inc. boosted its position in MongoDB by 9.8% during the first quarter. Panagora Asset Management Inc. now owns 1,977 shares of the company’s stock worth $877,000 after purchasing an additional 176 shares during the period. Finally, Vontobel Holding Ltd. boosted its position in MongoDB by 100.3% during the first quarter. Vontobel Holding Ltd. now owns 2,873 shares of the company’s stock worth $1,236,000 after purchasing an additional 1,439 shares during the period. 89.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. DA Davidson upgraded shares of MongoDB from a “neutral” rating to a “buy” rating and increased their price target for the company from $405.00 to $430.00 in a research report on Friday, March 8th. Redburn Atlantic reiterated a “sell” rating and issued a $295.00 price target (down from $410.00) on shares of MongoDB in a research report on Tuesday, March 19th. Barclays raised their target price on shares of MongoDB from $470.00 to $478.00 and gave the stock an “overweight” rating in a report on Wednesday, December 6th. JMP Securities restated a “market outperform” rating and set a $440.00 target price on shares of MongoDB in a report on Monday, January 22nd. Finally, Piper Sandler raised their target price on shares of MongoDB from $425.00 to $500.00 and gave the stock an “overweight” rating in a report on Wednesday, December 6th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus price target of $449.85.

Check Out Our Latest Research Report on MDB

About MongoDB

(Get Free Report)

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.

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