Mongodb Inc (NASDAQ:MDB) CEO Dev Ittycheria Sells 23,000 Shares of Stock

Mongodb Inc (NASDAQ:MDB) CEO Dev Ittycheria sold 23,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $150.50, for a total transaction of $3,461,500.00. Following the completion of the sale, the chief executive officer now owns 212,590 shares of the company’s stock, valued at $31,994,795. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Dev Ittycheria also recently made the following trade(s):

  • On Thursday, August 1st, Dev Ittycheria sold 23,000 shares of Mongodb stock. The shares were sold at an average price of $140.97, for a total transaction of $3,242,310.00.
  • On Tuesday, July 2nd, Dev Ittycheria sold 128,805 shares of Mongodb stock. The shares were sold at an average price of $147.04, for a total transaction of $18,939,487.20.

Shares of NASDAQ MDB traded down $9.81 during midday trading on Friday, reaching $140.63. The company had a trading volume of 1,875,738 shares, compared to its average volume of 1,318,234. The business’s 50-day simple moving average is $148.31 and its 200 day simple moving average is $141.60. The stock has a market cap of $8.32 billion, a P/E ratio of -81.76 and a beta of 0.15. Mongodb Inc has a 1 year low of $62.30 and a 1 year high of $184.78. The company has a current ratio of 3.18, a quick ratio of 3.18 and a debt-to-equity ratio of 0.93.

Mongodb (NASDAQ:MDB) last posted its quarterly earnings results on Wednesday, September 4th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.51) by ($0.07). The company had revenue of $99.40 million during the quarter, compared to analysts’ expectations of $91.70 million. Mongodb had a negative return on equity of 44.08% and a negative net margin of 36.58%. The company’s quarterly revenue was up 66.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.41) EPS. Analysts predict that Mongodb Inc will post -2.07 earnings per share for the current year.

Several institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its position in shares of Mongodb by 18.2% during the fourth quarter. Geode Capital Management LLC now owns 209,107 shares of the company’s stock valued at $17,510,000 after acquiring an additional 32,248 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Mongodb by 30.5% during the first quarter. BNP Paribas Arbitrage SA now owns 728 shares of the company’s stock valued at $107,000 after acquiring an additional 170 shares during the last quarter. Moors & Cabot Inc. purchased a new stake in shares of Mongodb during the first quarter valued at approximately $618,000. Telemus Capital LLC bought a new position in Mongodb during the first quarter valued at $294,000. Finally, Signition LP bought a new position in Mongodb during the first quarter valued at $247,000. 69.51% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have weighed in on MDB shares. Morgan Stanley raised their target price on shares of Mongodb from $156.00 to $160.00 and gave the company an “equal weight” rating in a research note on Thursday. Compass Point started coverage on shares of Mongodb in a research note on Tuesday, August 13th. They issued a “neutral” rating and a $155.00 target price for the company. KeyCorp set a $188.00 target price on shares of Mongodb and gave the company a “buy” rating in a research note on Wednesday. ValuEngine downgraded shares of Mongodb from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Oppenheimer raised their price target on shares of Mongodb from $160.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, June 19th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $159.79.

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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