Mongodb Inc (NASDAQ:MDB) CTO Sells $3,641,350.00 in Stock

Mongodb Inc (NASDAQ:MDB) CTO Eliot Horowitz sold 19,000 shares of Mongodb stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $191.65, for a total transaction of $3,641,350.00. Following the sale, the chief technology officer now owns 1,335,285 shares of the company’s stock, valued at approximately $255,907,370.25. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Eliot Horowitz also recently made the following trade(s):

  • On Thursday, April 9th, Eliot Horowitz sold 3,000 shares of Mongodb stock. The shares were sold at an average price of $140.00, for a total transaction of $420,000.00.
  • On Wednesday, April 1st, Eliot Horowitz sold 21,103 shares of Mongodb stock. The shares were sold at an average price of $128.31, for a total transaction of $2,707,725.93.

NASDAQ:MDB opened at $205.94 on Friday. The company has a fifty day moving average of $198.98 and a 200-day moving average of $157.82. The firm has a market capitalization of $12.11 billion, a P/E ratio of -59.52 and a beta of 0.77. The company has a quick ratio of 4.57, a current ratio of 4.57 and a debt-to-equity ratio of 15.11. Mongodb Inc has a twelve month low of $93.81 and a twelve month high of $243.92.

Mongodb (NASDAQ:MDB) last posted its quarterly earnings results on Thursday, June 4th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.12. The business had revenue of $130.33 million during the quarter, compared to the consensus estimate of $119.72 million. Mongodb had a negative net margin of 42.42% and a negative return on equity of 94.98%. Mongodb’s revenue was up 45.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.22) EPS. On average, analysts anticipate that Mongodb Inc will post -3.3 EPS for the current fiscal year.

Several equities analysts have recently weighed in on the stock. DA Davidson increased their price objective on shares of Mongodb from $105.00 to $215.00 and gave the company a “neutral” rating in a research report on Friday, June 5th. Barclays raised their price target on shares of Mongodb from $130.00 to $275.00 and gave the company an “overweight” rating in a research note on Tuesday, June 2nd. They noted that the move was a valuation call. ValuEngine downgraded shares of Mongodb from a “buy” rating to a “hold” rating in a research note on Friday, May 1st. Citigroup raised their price objective on shares of Mongodb from $175.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Finally, Zacks Investment Research lowered shares of Mongodb from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $206.29.

A number of institutional investors and hedge funds have recently bought and sold shares of MDB. Morgan Stanley boosted its holdings in Mongodb by 31.7% during the 1st quarter. Morgan Stanley now owns 5,302,766 shares of the company’s stock worth $724,040,000 after acquiring an additional 1,276,429 shares during the last quarter. William Blair Investment Management LLC purchased a new position in Mongodb during the 1st quarter worth $78,005,000. Frontier Capital Management Co. LLC boosted its holdings in Mongodb by 3,889.3% during the 1st quarter. Frontier Capital Management Co. LLC now owns 467,383 shares of the company’s stock worth $63,816,000 after acquiring an additional 455,667 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Mongodb during the 4th quarter worth $56,852,000. Finally, Norges Bank purchased a new position in Mongodb during the 4th quarter worth $47,882,000. 85.60% of the stock is currently owned by hedge funds and other institutional investors.

About Mongodb

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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