An Insider Sold 35,000 Shares Of MongoDB Inc. (MDB)

As of Thursday close, MongoDB Inc.’s (NASDAQ:MDB) stock was up $3.38, moving up 1.40 percent to $245.63. The average number of shares traded per day over the past five days has been 2,558,060 shares. 1 time new highs have been achieved over the past 5 days, with a -$70.30 fall in that time frame. In the last twenty days, the average volume was 1,369,775, while in the previous 50 days, it was 1,493,788.

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Since last month, MDB stock retreated -40.68%. Shares of the company fell to $227.60 on 05/12/22, the lowest level in the past month. A 52-week high of $590.00 was reached on 01/03/22 after having rallying from a 52-week low of $238.01. Since the beginning of this year, MDB’s stock price has dropped by -53.60% or -$283.72, and marked a new high 1 time. However, the stock has declined by -58.37% since its 52-week high.

MongoDB Inc. (MDB) last reported insider trading activity 8 days ago on May 05. Ittycheria Dev, the President & CEO of the company, disposed of 35,000 shares for $321.10 on May 05. It resulted in a $11,238,520 divestment by the insider. Hazard Charles M Jr sold 1,666 shares at an average price of $350.30 on May 02. The insider now owns 50,683 shares following the transaction. On May 02, Director Hazard Charles M Jr sold 350 shares at $350.30 apiece. The transaction was valued at $122,605.

Valuation Metrics

The stock’s beta is 0.98. Besides these, the trailing price-to-sales (P/S) ratio of 20.02, the price-to-book (PB) ratio of 24.69.

Financial Health

In the three months ended October 30, MongoDB Inc.’s quick ratio stood at 4.00, while its current ratio was 4.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending October 30 was 1.78, and the total debt-to-equity ratio was 1.79. On the profitability front, the trailing twelve-month gross margin is 70.30% percent. In the year ended October 30, operating margins totaled -33.10%. Based on annual data, MDB earned $614.29 million in gross profit and brought in $873.78 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -15.80%. Return on equity (ROE) for the past 12 months was -70.70%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. MDB’s revenue fell -979.24% to $226.89 million during the quarter, while net income inched up to $13.97 million. While analysts expected MongoDB Inc. to report -$0.38 quarterly earnings, the actual figure was -$0.11 per share, beating the consensus estimate by 71.10%. During the quarter, the company generated -$71.3 million in EBITDA. The liabilities of MongoDB Inc. were 1.78 billion at the end of its most recent quarter ended October 30, and its total debt was $1.24 billion. The value of shareholders’ equity is $67.57 million.

Technical Picture

This quick technical analysis looks at MongoDB Inc.’s (MDB) price momentum. With a historical volatility rate of 100.61%, the RSI 9-day stood at 21.63% on 12 May.

With respect to its five-day moving average, the current MongoDB Inc. price is down by -22.25% percent or -$70.30. At present, MDB shares trade -43.56% below its 20-day simple moving average and -50.66% percent below its 100-day simple moving average. However, the stock is currently trading approximately -35.64% below its SMA50 and -32.48% below its SMA200.

Stochastic coefficient K was 6.52% and Stochastic coefficient D was 6.06%, while ATR was 33.27. Given the Stochastic reading of 11.24% for the 14-day period, the RSI (14) reading has been calculated as 27.26%. As of today, the MACD Oscillator reading stands at -50.61, while the 14-day reading stands at -75.14.

Analyst Ratings

UBS upgraded its rating on MongoDB Inc. (NASDAQ: MDB) to a Buy in a note to investors on March 18, 2022. The analysts firm previously had a Neutral rating on the stock.MongoDB Inc. (MDB) has been rated Buy by analysts. According to 0 brokerage firms, MDB is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate MongoDB Inc. stock as buy, with 15 recommending it as overweight.

With a median target price of $461.00, the current consensus forecast for the stock is $325.00 – $650.00. Based on these forecasts, analysts predict MongoDB Inc. (MDB) will achieve an average price target of $463.20.


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