Eliot Horowitz Sells 7,100 Shares of Mongodb Inc (MDB) Stock

Mongodb Inc (NASDAQ:MDB) insider Eliot Horowitz sold 7,100 shares of the business’s stock in a transaction dated Friday, June 15th. The shares were sold at an average price of $57.48, for a total transaction of $408,108.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of NASDAQ:MDB opened at $58.42 on Thursday. The stock has a market cap of $2.98 billion and a price-to-earnings ratio of -33.57. Mongodb Inc has a 1 year low of $24.62 and a 1 year high of $59.54.

Mongodb (NASDAQ:MDB) last issued its quarterly earnings results on Wednesday, June 6th. The company reported ($0.43) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.43). The business had revenue of $48.20 million for the quarter, compared to analysts’ expectations of $46.46 million. The company’s revenue was up 48.8% compared to the same quarter last year. sell-side analysts anticipate that Mongodb Inc will post -2.22 EPS for the current fiscal year.



A number of large investors have recently modified their holdings of the business. Allianz Asset Management GmbH acquired a new position in shares of Mongodb during the first quarter worth about $15,931,000. Alkeon Capital Management LLC acquired a new position in shares of Mongodb during the first quarter worth about $1,845,000. Sandler Capital Management acquired a new position in shares of Mongodb during the first quarter worth about $5,483,000. Whale Rock Capital Management LLC acquired a new position in shares of Mongodb during the first quarter worth about $24,168,000. Finally, LPL Financial LLC acquired a new position in shares of Mongodb during the first quarter worth about $542,000. Institutional investors own 26.79% of the company’s stock.

Several analysts recently issued reports on MDB shares. Monness Crespi & Hardt started coverage on shares of Mongodb in a report on Wednesday, April 11th. They issued a “buy” rating and a $51.00 price objective on the stock. Barclays boosted their price objective on shares of Mongodb from $45.00 to $47.00 and gave the company an “overweight” rating in a report on Thursday, April 5th. ValuEngine upgraded shares of Mongodb from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Zacks Investment Research upgraded shares of Mongodb from a “sell” rating to a “hold” rating in a report on Saturday, March 17th. Finally, Nomura boosted their price objective on shares of Mongodb and gave the company a “neutral” rating in a report on Tuesday, June 5th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $46.18.

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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