Significant Insider Sales in Shares of MongoDB (MDB) Extends the Selling Trend of Last Quarter
10:19 PM EST, 02/04/2021 (MT Newswires) -- MongoDB, today, saw two insiders -- Dwight A Merriman, Director, and Charles M Hazard Jr, Director -- dispose 19,016 shares having a market value of approximately $7,049,782, as revealed in form 4 documents filed with the SEC. There have been 8 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 66,807 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 85,823 shares and have averaged 8,582 shares per transaction over this time period.
Today's Insider Activity
MongoDB insider trading represents a higher number of buy/sell transactions than for the 3 peer company average over the last 90-day period. The Server & Database Software peer group saw 11 buy/sell trades during this period for an average of 3.7 transactions per company. The number of shares per buy/sell trade for MongoDB insiders was also higher. Within the peer group there were 0 shares purchased and 66,807 shares sold with company insiders disposing of 6,073 shares on average.
In order to focus on significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated from data used to evaluate and write this story.
This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.