MongoDB Inc (NASDAQ:MDB), a leading provider of modern, universal database platforms, recently witnessed a notable insider transaction. Cedric Pech, the Chief Revenue Officer, sold 1,003 shares of the company’s stock on August 15, 2024. The transaction was filed with the SEC and can be viewed in detail here.
Following this transaction, the insider now owns 34,716 shares of MongoDB Inc. This sale is part of a broader trend observed over the past year in which Cedric Pech sold a total of 34,512 shares and made no purchases.
MongoDB Inc.’s broader insider transaction history shows a pattern of selling rather than buying, with 60 insider sales and no insider purchases in the past year.
In terms of valuation, MongoDB Inc. shares were trading at $250 on the day of the deal, giving the company a market capitalization of approximately $18.85 billion. According to GF Value, the stock is significantly undervalued, with a price-to-value ratio of 0.53, suggesting a significant margin of safety.
The GF value of $470.06 is derived from historical trading multiples such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio and price-to-free cash flow, adjusted for the company’s past performance and expected future business results.
This insider sale could attract investors’ attention, especially given the company’s current valuation and ongoing trends in insider transactions.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
