MongoDB Inc (MDB, Financial), a leading database platform provider, saw a notable insider transaction recently. Thomas Bull, the Chief Accounting Officer, sold 1,000 shares of the company on September 9, 2024. The transaction was documented in an SEC Filing. Following this sale, the insider now owns 16,222 shares of MongoDB Inc.
MongoDB Inc is known for its general purpose, document-based, distributed database built for modern application developers and for the cloud era. This technology is widely recognized for its capabilities to manage large scale databases flexibly and efficiently.
On the day of the sale, shares of MongoDB Inc were priced at $282.89, valuing the company with a market cap of approximately $21.93 billion. This valuation places the company in a significant position within the tech sector, reflecting its substantial market influence and financial stability.
The sale by Thomas Bull is part of a broader trend of insider transactions at MongoDB Inc. Over the past year, there have been 60 insider sells and no insider buys. The insider, Thomas Bull, has sold a total of 1,826 shares over the past year and has not purchased any shares.
Regarding the company's valuation metrics, MongoDB Inc currently shows a price-to-GF Value ratio of 0.63, indicating that the stock is Significantly Undervalued according to GuruFocus's GF Value calculation. The GF Value is a proprietary measure reflecting expected performance and historical trading multiples.
The GF Value of $450.20 suggests a potential for price increase if the market adjusts to the intrinsic value calculated by GuruFocus. This valuation is supported by historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with adjustments based on past performance and future business expectations.
This insider sale might draw attention from investors monitoring insider behaviors as indicators of company health and future stock performance. The ongoing sales by insiders, coupled with the company's current valuation status, could influence investor sentiment and market movements related to MongoDB Inc's shares.
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.
