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.
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.
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