Hope F. Cochran Sells 1,175 Shares of MongoDB, Inc. (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) Director Hope F. Cochran sold 1,175 shares of the firm’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $174.69, for a total value of $205,260.75. Following the transaction, the director now owns 19,333 shares of the company’s stock, valued at approximately $3,377,281.77. This represents a 5.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

MongoDB Stock Down 5.5 %

NASDAQ:MDB opened at $154.39 on Friday. The firm’s fifty day simple moving average is $236.68 and its 200-day simple moving average is $262.08. The stock has a market cap of $12.53 billion, a PE ratio of -56.35 and a beta of 1.49. MongoDB, Inc. has a fifty-two week low of $151.52 and a fifty-two week high of $387.19.

MongoDB (NASDAQ:MDB) last issued its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). The company had revenue of $548.40 million during the quarter, compared to analysts’ expectations of $519.65 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. During the same period last year, the business posted $0.86 earnings per share. Equities analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Daiwa America upgraded MongoDB to a “strong-buy” rating in a report on Tuesday. Oppenheimer lowered their price objective on shares of MongoDB from $400.00 to $330.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Citigroup cut their target price on shares of MongoDB from $430.00 to $330.00 and set a “buy” rating on the stock in a research note on Tuesday. KeyCorp cut shares of MongoDB from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Finally, Cantor Fitzgerald initiated coverage on MongoDB in a research report on Wednesday, March 5th. They set an “overweight” rating and a $344.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and a consensus price target of $312.84.

Hedge Funds Weigh In On MongoDB

Several hedge funds have recently added to or reduced their stakes in MDB. The Manufacturers Life Insurance Company increased its stake in shares of MongoDB by 3.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 28,101 shares of the company’s stock worth $7,596,000 after purchasing an additional 1,022 shares in the last quarter. MetLife Investment Management LLC increased its position in MongoDB by 1.6% during the third quarter. MetLife Investment Management LLC now owns 4,450 shares of the company’s stock worth $1,203,000 after buying an additional 72 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of MongoDB by 19.0% in the third quarter. Captrust Financial Advisors now owns 1,445 shares of the company’s stock worth $391,000 after acquiring an additional 231 shares during the last quarter. Benjamin Edwards Inc. purchased a new stake in shares of MongoDB in the third quarter valued at $1,055,000. Finally, Hilltop Holdings Inc. acquired a new stake in shares of MongoDB during the third quarter valued at $292,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

About MongoDB

MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.