MongoDB Inc (NASDAQ:MDB), a leading modern, general-purpose database platform, has reported an insider sell according to a recent SEC filing. Chief Revenue Officer Cedric Pech sold 1,248 shares of the company on January 16, 2024. The transaction was executed at an average price of $400 per share, resulting in a total sale amount of $499,200.
Cedric Pech has a history of selling shares in the company; over the past year, the insider has sold a total of 56,706 shares and has not made any purchases of MongoDB Inc stock.
The insider transaction history for MongoDB Inc shows a pattern of insider sales over the past year, with 61 insider sells and no insider buys recorded.
MongoDB Inc's business involves providing a database platform that enables developers to build and modernize applications across a broad range of use cases in the cloud, on-premise, or in a hybrid environment. The company's technology is designed to provide developers with the tools to work with data in a highly flexible and scalable way, catering to the demands of modern applications.
On the valuation front, MongoDB Inc's shares were trading at $400 on the day of the insider's recent sale, giving the company a market capitalization of $28.31 billion.
With the stock price at $400 and a GuruFocus Value (GF Value) of $482.92, MongoDB Inc has a price-to-GF-Value ratio of 0.83, indicating that the stock is modestly undervalued according to GuruFocus's intrinsic value estimate. The GF Value is determined by considering historical trading multiples, a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
