Mongodb (NASDAQ:MDB) Shares Gap Down After Insider Selling

Mongodb Inc (NASDAQ:MDB)’s share price gapped down prior to trading on Thursday after an insider sold shares in the company. The stock had previously closed at $112.24, but opened at $121.47. Mongodb shares last traded at $120.50, with a volume of 38,276 shares trading hands.

Specifically, CRO Cedric Pech sold 1,924 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $130.17, for a total transaction of $250,447.08. Also, insider Thomas Bull sold 5,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $129.25, for a total transaction of $646,250.00. Insiders sold a total of 165,163 shares of company stock valued at $22,175,039 in the last ninety days. 40.04% of the stock is owned by corporate insiders.

A number of equities research analysts recently commented on MDB shares. Morgan Stanley lowered their price target on shares of Mongodb from $160.00 to $150.00 and set a “weight” rating for the company in a report on Wednesday. Barclays reiterated a “buy” rating on shares of Mongodb in a report on Friday, September 6th. Monness Crespi & Hardt set a $185.00 price target on shares of Mongodb and gave the company a “buy” rating in a report on Friday, August 30th. Needham & Company LLC set a $184.00 price target on shares of Mongodb and gave the company a “buy” rating in a report on Thursday, September 5th. Finally, Oppenheimer lowered their price target on shares of Mongodb from $180.00 to $155.00 and set an “outperform” rating for the company in a report on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $163.00.

The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $6.58 billion, a P/E ratio of -67.94 and a beta of 0.08. The company’s fifty day simple moving average is $132.82 and its 200 day simple moving average is $143.47.

Mongodb (NASDAQ:MDB) last issued its quarterly earnings data on Wednesday, September 4th. The company reported ($0.58) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.51) by ($0.07). Mongodb had a negative return on equity of 43.95% and a negative net margin of 36.58%. The company had revenue of $99.40 million during the quarter, compared to the consensus estimate of $91.70 million. During the same quarter last year, the company posted ($0.41) earnings per share. The firm’s revenue for the quarter was up 66.8% compared to the same quarter last year. On average, analysts predict that Mongodb Inc will post -2.24 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Valeo Financial Advisors LLC raised its holdings in Mongodb by 29.5% in the 2nd quarter. Valeo Financial Advisors LLC now owns 404 shares of the company’s stock worth $61,000 after purchasing an additional 92 shares in the last quarter. Lindbrook Capital LLC raised its holdings in Mongodb by 50.0% in the 2nd quarter. Lindbrook Capital LLC now owns 300 shares of the company’s stock worth $45,000 after purchasing an additional 100 shares in the last quarter. Captrust Financial Advisors raised its holdings in Mongodb by 100.0% in the 2nd quarter. Captrust Financial Advisors now owns 200 shares of the company’s stock worth $30,000 after purchasing an additional 100 shares in the last quarter. Rehmann Capital Advisory Group raised its holdings in Mongodb by 42.9% in the 1st quarter. Rehmann Capital Advisory Group now owns 526 shares of the company’s stock worth $77,000 after purchasing an additional 158 shares in the last quarter. Finally, Creative Planning raised its holdings in Mongodb by 9.6% in the 2nd quarter. Creative Planning now owns 1,925 shares of the company’s stock worth $293,000 after purchasing an additional 169 shares in the last quarter. Institutional investors and hedge funds own 71.69% of the company’s stock.

About Mongodb (NASDAQ:MDB)

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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