Michael Lawrence Gordon Sells 1,884 Shares of MongoDB, Inc. (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) CFO Michael Lawrence Gordon sold 1,884 shares of MongoDB stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $482,775.00. Following the completion of the transaction, the chief financial officer now owns 80,307 shares of the company’s stock, valued at approximately $20,578,668.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, July 9th, Michael Lawrence Gordon sold 5,000 shares of MongoDB stock. The stock was sold at an average price of $252.23, for a total value of $1,261,150.00.

MongoDB Trading Up 4.9 %

MDB opened at $265.36 on Friday. MongoDB, Inc. has a one year low of $212.74 and a one year high of $509.62. The stock has a market capitalization of $19.46 billion, a PE ratio of -94.43 and a beta of 1.15. The business’s 50 day moving average price is $261.97 and its 200 day moving average price is $290.47. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.21. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The firm had revenue of $478.11 million for the quarter, compared to analysts’ expectations of $465.03 million. During the same period in the prior year, the firm posted ($0.63) earnings per share. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. As a group, equities research analysts expect that MongoDB, Inc. will post -2.44 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MDB. Transcendent Capital Group LLC acquired a new position in MongoDB during the fourth quarter worth $25,000. MFA Wealth Advisors LLC purchased a new stake in shares of MongoDB during the second quarter worth $25,000. J.Safra Asset Management Corp increased its position in shares of MongoDB by 682.4% during the second quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock worth $33,000 after acquiring an additional 116 shares during the period. Quarry LP increased its position in shares of MongoDB by 2,580.0% during the second quarter. Quarry LP now owns 134 shares of the company’s stock worth $33,000 after acquiring an additional 129 shares during the period. Finally, Hantz Financial Services Inc. purchased a new stake in shares of MongoDB during the second quarter worth $35,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Sanford C. Bernstein boosted their price objective on MongoDB from $358.00 to $360.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Stifel Nicolaus boosted their price objective on MongoDB from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. DA Davidson boosted their price objective on MongoDB from $265.00 to $330.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Needham & Company LLC boosted their price objective on MongoDB from $290.00 to $335.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Finally, JMP Securities restated a “market outperform” rating and issued a $380.00 price target on shares of MongoDB in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and an average price target of $337.56.

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.