Cedric Pech Sells 1,924 Shares of Mongodb Inc (NASDAQ:MDB) Stock

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Mongodb Inc (NASDAQ:MDB) CRO Cedric Pech sold 1,924 shares of Mongodb stock in a transaction on Monday, September 16th. The stock was sold at an average price of $130.17, for a total transaction of $250,447.08.

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

  • On Wednesday, July 3rd, Cedric Pech sold 134 shares of Mongodb stock. The stock was sold at an average price of $152.95, for a total transaction of $20,495.30.

Shares of MDB stock traded down $2.93 on Thursday, hitting $131.35. 26,543 shares of the stock traded hands, compared to its average volume of 1,864,833. The firm’s 50-day moving average price is $142.22 and its two-hundred day moving average price is $143.14. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.82 and a current ratio of 2.82. The stock has a market capitalization of $7.43 billion, a PE ratio of -76.48 and a beta of 0.15. Mongodb Inc has a twelve month low of $62.30 and a twelve month high of $184.78.

Mongodb (NASDAQ:MDB) last announced its quarterly earnings results on Wednesday, September 4th. The company reported ($0.58) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($0.07). The firm had revenue of $99.40 million for 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 company’s revenue was up 66.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.41) EPS. On average, equities research analysts anticipate that Mongodb Inc will post -2.22 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. Morgan Stanley boosted its position in shares of Mongodb by 9.1% during the 2nd quarter. Morgan Stanley now owns 5,731,123 shares of the company’s stock valued at $871,646,000 after acquiring an additional 479,368 shares during the last quarter. Vanguard Group Inc. lifted its position in Mongodb by 24.4% in the second quarter. Vanguard Group Inc. now owns 3,125,593 shares of the company’s stock valued at $475,372,000 after buying an additional 612,848 shares during the last quarter. BlackRock Inc. lifted its position in Mongodb by 138.7% in the second quarter. BlackRock Inc. now owns 1,820,059 shares of the company’s stock valued at $276,812,000 after buying an additional 1,057,430 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Mongodb by 146.9% in the first quarter. JPMorgan Chase & Co. now owns 794,387 shares of the company’s stock valued at $116,790,000 after buying an additional 472,602 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in Mongodb by 690.1% in the second quarter. First Trust Advisors LP now owns 746,150 shares of the company’s stock valued at $113,482,000 after buying an additional 651,708 shares during the last quarter. 72.94% of the stock is currently owned by hedge funds and other institutional investors.

MDB has been the topic of several recent research reports. Compass Point initiated coverage on shares of Mongodb in a research note on Tuesday, August 13th. They set a “neutral” rating and a $155.00 target price on the stock. Canaccord Genuity lifted their target price on shares of Mongodb from $160.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, June 19th. Oppenheimer lifted their target price on shares of Mongodb from $160.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 19th. Nomura set a $76.00 target price on shares of Mongodb and gave the stock a “sell” rating in a research note on Wednesday, June 19th. Finally, Stifel Nicolaus lifted their target price on shares of Mongodb from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $159.57.

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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