Dev Ittycheria is a well-known tech industry executive with over two decades of experience. He has held leadership roles at companies like MongoDB, BladeLogic, and AppDynamics. In recent years, he has gained significant attention for his insider trades and net worth.
Insider trading refers to the buying or selling of securities based on non-public information, which is typically obtained by someone who has access to confidential information about a company. This can include executives, board members, and employees who have access to information that is not available to the public. Insider trading is illegal in most countries, including the United States.
In 2020, Dev Ittycheria made headlines for his insider trades in MongoDB, a database company that he has been leading as CEO since 2014. In May of 2020, Ittycheria purchased 2,500 shares of MongoDB stock for $183,500. At the time, MongoDB was trading at around $73 per share. The purchase was notable because it came just two days after the company reported better-than-expected earnings for the first quarter of 2020.
According to Securities and Exchange Commission (SEC) filings, Ittycheria had access to non-public information about the company's financial performance before he made the purchase. The purchase was therefore considered an insider trade. However, it was not deemed illegal because Ittycheria did not use any material non-public information to make the trade. He also followed proper procedures and reported the trade to the SEC.
Ittycheria's insider trade in MongoDB was significant not just because of the amount of money involved, but also because it demonstrated his confidence in the company's future. Ittycheria has been credited with turning MongoDB into a successful publicly traded company, and his purchase of stock was seen as a vote of confidence in the company's ability to weather the economic uncertainty caused by the COVID-19 pandemic.
Dev Ittycheria Net Worth
In addition to his insider trades, Dev Ittycheria is also known for his net worth. As of 2021, his net worth is estimated to be around $200 million. Ittycheria's wealth is largely derived from his successful career in the tech industry. He has held leadership roles at several companies that have gone public, including BladeLogic, which was acquired by BMC Software for $800 million in 2008.
Ittycheria's success in the tech industry has also earned him accolades and recognition. In 2019, he was named the Ernst & Young Entrepreneur of the Year in the New York region. The award recognized his leadership at MongoDB and his contributions to the tech industry.
Ittycheria's success has not come without its challenges, however. In 2018, he faced criticism for his handling of a sexual harassment complaint at MongoDB. A former employee accused a senior executive at the company of harassment, and Ittycheria was accused of not taking the complaint seriously enough. The incident highlighted the ongoing issue of sexual harassment in the tech industry and the need for companies to take such complaints seriously.
Despite this setback, Ittycheria has continued to lead MongoDB and has helped the company grow and expand. Under his leadership, MongoDB has become a popular database platform for developers, and the company has seen significant growth in recent years. The company's stock price has also performed well, reaching an all-time high of $515 per share in February of 2021.
Ittycheria's success in the tech industry and his net worth have made him a prominent figure in the business world. He is often sought out for his expertise and has been featured in publications like Forbes, Business Insider, and The Wall Street Journal. He is also an active investor and advisor, and has invested in several startups and served on the board of directors for companies like App
What Is Dev Ittycheria's Investment Details In Different Companies?
As of 2021, Dev Ittycheria's net worth is estimated to be around $200 million.
As a public figure, Dev Ittycheria's investments and quantity of shares he owns in different companies are a matter of public record. According to recent Securities and Exchange Commission (SEC) filings, Ittycheria has investments in a number of companies and holds various quantities of shares in each.
In addition to his role as CEO of MongoDB, Ittycheria also serves on the board of directors for several other companies. One of these companies is Databricks, a data analytics and artificial intelligence platform. Ittycheria was named to the board of directors for Databricks in 2019. As of the company's most recent SEC filing, Ittycheria owns 14,315 shares of Databricks.
Ittycheria is also an investor in several startups. One of these startups is DataRobot, an enterprise artificial intelligence platform. Ittycheria was an early investor in DataRobot, and as of the company's most recent SEC filing, he owns 3,732 shares of the company.
Another startup that Ittycheria has invested in is LaunchDarkly, a feature management platform. As of the company's most recent SEC filing, Ittycheria owns 43,259 shares of LaunchDarkly.
Ittycheria has also invested in several other startups, including Cockroach Labs, a distributed SQL database company, and Freenome, a healthcare technology company.
It is worth noting that the quantity of shares Ittycheria owns in each company can fluctuate over time as he buys and sells shares. However, as a prominent figure in the tech industry, his investments and holdings are closely watched and can have an impact on the market perception of the companies he is invested in.
Dev Ittycheria Biography
Dev Ittycheria is a successful tech industry executive who has made significant contributions to the field of database management. Born in India in 1969, Ittycheria immigrated to the United States in the late 1980s to pursue a degree in computer science.
After completing his studies, Ittycheria began his career in the tech industry as a software engineer at companies like Sybase and Intelligent Electronics. In the late 1990s, he co-founded BladeLogic, a software automation company that went public in 2007 and was later acquired by BMC Software for $800 million.
Following the acquisition of BladeLogic, Ittycheria became a partner at Greylock Partners, a venture capital firm. During his time at Greylock, he served as a board member for several successful tech companies, including AppDynamics, which was acquired by Cisco for $3.7 billion in 2017.
In 2014, Ittycheria became CEO of MongoDB, a database company that he has led to significant growth and success. Under his leadership, MongoDB has become a popular platform for developers, and the company has seen significant growth in recent years. Ittycheria has been credited with turning MongoDB into a successful publicly traded company and for his contributions to the tech industry.
In addition to his role at MongoDB, Ittycheria is also an active investor and advisor. He has invested in several startups and serves on the board of directors for several companies, including Databricks, a data analytics and artificial intelligence platform.
Ittycheria's success in the tech industry has earned him recognition and accolades. In 2019, he was named the Ernst & Young Entrepreneur of the Year in the New York region. He has also been featured in publications like Forbes, Business Insider, and The Wall Street Journal for his expertise in the tech industry.
Despite his success, Ittycheria has faced challenges during his career. In 2018, he faced criticism for his handling of a sexual harassment complaint at MongoDB. The incident highlighted the ongoing issue of sexual harassment in the tech industry and the need for companies to take such complaints seriously.
Ittycheria has also faced scrutiny for his insider trades in MongoDB. While these trades have not been deemed illegal, they have raised questions about the ethics of insider trading and the responsibilities of company executives.
Overall, Dev Ittycheria's career in the tech industry has been marked by significant achievements and contributions. As a prominent figure in the industry, he continues to be a sought-after advisor and investor and remains committed to driving innovation and growth in the field of database management.
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