The Insider Activity Of MongoDB Inc. (MDB) Is Worth Monitoring

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MongoDB Inc. (NASDAQ:MDB) finished Wednesday with a subtraction of -$8.44 to close at $209.46, a downside of -3.87 percent. An average of 2,251,320 shares of common stock have been traded in the last five days. There was a fall of -$37.76 in the past week, and it reached a new high 9 times over the past 12 months. The last 20 days have seen an average of 2,316,585 shares traded, while the 50-day average volume stands at 1,629,728.

MDB stock has decreased by -36.48% in the last month. The company shares reached their 1-month lowest point of $209.45 on 09/21/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $213.39 and a high of $590.00 in 52 weeks. It has reached a new high 1 time so far this year and lost -60.43% or -$319.89 in price. In spite of this, the price is down -64.50% from the 52-week high.


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Insider Transactions

13 days have passed since MongoDB Inc. (MDB) last reported insider trading activity. Ittycheria Dev, who is President & CEO, most recently acquired $16,991 shares at $250.66 per share on Sep 09. In this transaction, the insider spent $4,259,002. President & CEO, Ittycheria Dev, disposed of 68,009 shares at a price of $250.00 on Sep 08. The insider now owns more than $17,002,250 worth of shares. Prior to that, Chief Revenue Officer Pech Cedric went on to Sale 11,340 shares at $250.00 each on Sep 08. An amount of $2,835,000 was transacted.

Valuation Metrics

MongoDB Inc. (MDB) stock’s beta is 0.98. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 14.07, the price-to-book (PB) ratio at 21.42.

Financial Health

The quick ratio of MongoDB Inc. for the three months ended July 30 was 4.00, and the current ratio was 4.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.77 and a total debt to equity ratio of 1.78 for the quarter ending July 30. Its gross profit as reported stood at $614.29 million compared to revenue of $873.78 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, MongoDB Inc.’s return on assets was -14.90%.

Earnings Surprise

For the three-month period that ended July 30, MongoDB Inc. had $1.14 billion in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$118.87 million in the quarter, while revenues of -$77.29 million were grew 35.11%. The analyst consensus anticipated MongoDB Inc.’s latest quarter earnings to come in at -$0.28 per share, but it turned out to be -$0.23, a 17.90% surprise. For the quarter, EBITDA amounted to -$106.61 million. Shareholders own equity worth $68.71 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at MongoDB Inc. (MDB) price momentum. RSI 9-day as of the close on 21 September was 24.42%, suggesting the stock is oversold, with historical volatility in this time frame at 79.96%.

As of today, MDB’s price is $220.56 -15.27% or -$37.76 from its 5-day moving average. MDB is currently trading -35.80% lower than its 20-day SMA and -44.54% lower than its 100-day SMA. However, the stock’s current price level is -28.08% below the SMA50 and -53.47% below the SMA200.

The stochastic %K and %D were 2.99% and 3.24%, respectively, and the average true range (ATR) was 16.67. With the 14-day stochastic at 0.01% and the average true range at 17.99, the RSI (14) stands at 29.60%. The stock has reached -22.55 on the 9-day MACD Oscillator while the 14-day reading was at -24.29.

Analyst Ratings

Robert W. Baird launched coverage on MongoDB Inc. (NASDAQ: MDB) in its analyst report released on July 13, 2022. The firm assigned the stock an Outperform rating.

What is MDB’s price target for the next 12 months?

Analysts predict a range of price targets between $300.00 and $445.00, with a median target of $355.00. Taking a look at these predictions, the average price target given by analysts for MongoDB Inc. (MDB) stock is $360.01.

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