Cedric Pech Sells 9,170 Shares of MongoDB, Inc. (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) CRO Cedric Pech sold 9,170 shares of the company’s stock in a transaction dated Tuesday, June 8th. The stock was sold at an average price of $318.70, for a total transaction of $2,922,479.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

  • On Monday, April 5th, Cedric Pech sold 203 shares of MongoDB stock. The stock was sold at an average price of $283.29, for a total value of $57,507.87.

Shares of NASDAQ MDB traded down $0.78 during trading hours on Thursday, hitting $329.52. The company had a trading volume of 1,027,667 shares, compared to its average volume of 839,133. The stock has a market capitalization of $20.16 billion, a PE ratio of -69.90 and a beta of 0.73. The company has a debt-to-equity ratio of 43.46, a current ratio of 3.33 and a quick ratio of 3.22. MongoDB, Inc. has a 1-year low of $186.27 and a 1-year high of $428.96. The firm’s 50 day moving average price is $291.07.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Wednesday, June 2nd. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.36) by $0.21. MongoDB had a negative return on equity of 1,062.47% and a negative net margin of 43.16%. The business had revenue of $181.60 million during the quarter, compared to the consensus estimate of $169.96 million. During the same quarter last year, the firm posted ($0.13) EPS. The company’s quarterly revenue was up 39.4% on a year-over-year basis. Equities research analysts expect that MongoDB, Inc. will post -4.48 EPS for the current year.

A number of analysts recently issued reports on MDB shares. The Goldman Sachs Group started coverage on MongoDB in a research note on Friday, May 14th. They set a “buy” rating and a $310.00 target price for the company. Needham & Company LLC increased their target price on MongoDB from $409.00 to $415.00 and gave the stock a “buy” rating in a research note on Friday, June 4th. Mizuho raised their price target on shares of MongoDB from $265.00 to $300.00 and gave the stock a “neutral” rating in a research note on Friday, June 4th. Zacks Investment Research cut shares of MongoDB from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, UBS Group decreased their price target on shares of MongoDB from $325.00 to $300.00 and set a “neutral” rating for the company in a research note on Friday, June 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $374.25.

Institutional investors have recently made changes to their positions in the business. HBC Financial Services PLLC acquired a new stake in MongoDB during the 4th quarter valued at $25,000. Navis Wealth Advisors LLC acquired a new stake in MongoDB during the 4th quarter valued at $36,000. Grandview Asset Management LLC acquired a new stake in MongoDB during the 1st quarter valued at $37,000. Quadrant Capital Group LLC lifted its holdings in MongoDB by 39.4% during the 1st quarter. Quadrant Capital Group LLC now owns 145 shares of the company’s stock valued at $39,000 after purchasing an additional 41 shares during the last quarter. Finally, Penserra Capital Management LLC acquired a new stake in MongoDB during the 4th quarter valued at $40,000. 86.21% of the stock is owned by institutional investors and hedge funds.

MongoDB Company Profile

MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud 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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