MongoDB CFO/COO Lawrence sells 5,000 shares for $1.3M at avg $267.85; stock now $252.67, down 49.6% from 52-week high
Gordon Michael Lawrence, serving as both COO and CFO, executed 11 separate sales totaling 5,000 shares for $1,339,253.27 on 2024-12-16 at prices ranging from $261.90 to $274.10 (blended average $267.85). The sale represents a 5.9% reduction in his post-transaction holdings of 80,307 shares. Stock performance in the 30 and 90 days prior to this transaction shows a 30-day decline of -11.2% and 90-day decline of -11.0%, while year-to-date the stock is down 49.6% from its 52-week high of $500.90. His five prior trades at MDB (all in November 2024) showed 30-day returns ranging from -8.9% to -11.2%, though the 90-day outcomes remain unmeasurable. The company generated $529.4M in quarterly revenue with 31.1% annual growth but reported a net loss of $-9.8M in the quarter and was unprofitable over its most recent full fiscal year. The timing of this sale, following a sustained price decline and while the company operates at a loss, provides context for the insider's action, though without a 10b5-1 FLAG or explicit company guidance, the transaction's specific motivation cannot be determined from the filing alone.