Mongodb Inc (NASDAQ:MDB) CEO Sells $3,225,980.00 in Stock

Mongodb Inc (NASDAQ:MDB) CEO Dev Ittycheria sold 23,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $140.26, for a total value of $3,225,980.00. Following the completion of the transaction, the chief executive officer now directly owns 206,845 shares in the company, valued at approximately $29,012,079.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Friday, November 1st, Dev Ittycheria sold 23,000 shares of Mongodb stock. The stock was sold at an average price of $125.06, for a total value of $2,876,380.00.
  • On Wednesday, October 2nd, Dev Ittycheria sold 28,745 shares of Mongodb stock. The stock was sold at an average price of $118.90, for a total value of $3,417,780.50.

NASDAQ:MDB opened at $142.68 on Wednesday. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.97. Mongodb Inc has a fifty-two week low of $70.10 and a fifty-two week high of $184.78. The stock has a market cap of $8.01 billion, a PE ratio of -82.95 and a beta of 0.13. The firm’s fifty day simple moving average is $132.64 and its 200-day simple moving average is $142.70.

Mongodb (NASDAQ:MDB) last announced 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). The company had revenue of $99.40 million during the quarter, compared to analyst estimates of $91.70 million. Mongodb had a negative net margin of 36.58% and a negative return on equity of 43.95%. The firm’s revenue for the quarter was up 66.8% on a year-over-year basis. During the same quarter last year, the business earned ($0.41) EPS. Equities analysts anticipate that Mongodb Inc will post -2.26 earnings per share for the current year.

Several equities analysts have issued reports on the stock. ValuEngine cut shares of Mongodb from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Citigroup raised their target price on shares of Mongodb from $184.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Needham & Company LLC set a $184.00 target price on shares of Mongodb and gave the company a “buy” rating in a report on Thursday, September 5th. Piper Jaffray Companies started coverage on shares of Mongodb in a research note on Monday, October 28th. They set an “overweight” rating and a $158.00 price target on the stock. Finally, KeyCorp set a $188.00 price target on shares of Mongodb and gave the stock a “buy” rating in a report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. Mongodb presently has an average rating of “Buy” and a consensus price target of $162.64.

A number of institutional investors and hedge funds have recently modified their holdings of MDB. Captrust Financial Advisors lifted its position in shares of Mongodb by 100.0% during the 2nd quarter. Captrust Financial Advisors now owns 200 shares of the company’s stock valued at $30,000 after acquiring an additional 100 shares during the period. CENTRAL TRUST Co grew its holdings in Mongodb by 79.4% in the third quarter. CENTRAL TRUST Co now owns 226 shares of the company’s stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Kovack Advisors Inc. grew its holdings in Mongodb by 5.8% in the third quarter. Kovack Advisors Inc. now owns 1,930 shares of the company’s stock valued at $233,000 after purchasing an additional 105 shares during the last quarter. Concorde Asset Management LLC increased its position in shares of Mongodb by 1.6% in the third quarter. Concorde Asset Management LLC now owns 6,804 shares of the company’s stock valued at $820,000 after buying an additional 109 shares in the last quarter. Finally, Creative Planning increased its position in shares of Mongodb by 9.6% in the second quarter. Creative Planning now owns 1,925 shares of the company’s stock valued at $293,000 after buying an additional 169 shares in the last quarter. Institutional investors own 78.11% of the company’s stock.

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.

Featured Article: How mutual funds make money

Insider Buying and Selling by Quarter for Mongodb (NASDAQ:MDB)

Receive News & Ratings for Mongodb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mongodb and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit