MongoDB Inc (MDB, Financial) Chief Revenue Officer Cedric Pech sold 965 shares of the company on November 13, 2024, according to a recent SEC Filing. Following this transaction, the insider now owns 31,482 shares of MongoDB Inc.
MongoDB Inc is a general-purpose database platform that enables developers to build applications. The company's technology, known as MongoDB, allows developers to work with both structured and unstructured data, including JSON-like documents. This flexibility makes it particularly useful for applications that require a scalable, agile, and performance-oriented database solution.
Over the past year, Cedric Pech has sold a total of 16,640 shares and has not purchased any shares. This recent transaction is part of a broader trend seen within the company, where there have been 58 insider sells and no insider buys over the past year.
Shares of MongoDB Inc were trading at $300 on the day of the transaction, giving the company a market cap of approximately $20.67 billion. The stock is currently considered significantly undervalued with a price-to-GF Value ratio of 0.66, based on a GF Value of $456.20.
The GF Value is a proprietary measure used to determine the fair value of a stock, taking into account historical trading multiples, an adjustment factor based on the company's past performance, and expected future business outcomes.
This insider sale comes at a time when MongoDB Inc's stock is deemed significantly undervalued according to the GF Value, suggesting a potential discrepancy between the insider's actions and the estimated intrinsic value of the stock.
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