Insider Selling: MongoDB, Inc. (NASDAQ:MDB) Director Sells $4,396,925.40 in Stock

MongoDB, Inc. (NASDAQ:MDBGet Rating) Director Dwight A. Merriman sold 14,090 shares of MongoDB stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $312.06, for a total value of $4,396,925.40. Following the sale, the director now directly owns 1,322,954 shares in the company, valued at $412,841,025.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

MongoDB Stock Performance

MDB opened at $356.84 on Friday. MongoDB, Inc. has a 1-year low of $213.39 and a 1-year high of $590.00. The business has a 50 day moving average price of $285.74 and a two-hundred day moving average price of $336.52. The company has a market capitalization of $24.31 billion, a price-to-earnings ratio of -73.73 and a beta of 0.96. The company has a debt-to-equity ratio of 1.69, a current ratio of 4.16 and a quick ratio of 4.16.

MongoDB (NASDAQ:MDBGet Rating) last announced its quarterly earnings data on Wednesday, June 1st. The company reported ($1.15) EPS for the quarter, beating analysts’ consensus estimates of ($1.34) by $0.19. MongoDB had a negative return on equity of 45.56% and a negative net margin of 32.75%. The company had revenue of $285.45 million during the quarter, compared to the consensus estimate of $267.10 million. During the same quarter in the prior year, the firm earned ($0.98) EPS. The company’s quarterly revenue was up 57.1% compared to the same quarter last year. Research analysts predict that MongoDB, Inc. will post -5.08 EPS for the current fiscal year.

Institutional Investors Weigh In On MongoDB

Institutional investors and hedge funds have recently modified their holdings of the stock. Confluence Wealth Services Inc. acquired a new stake in shares of MongoDB during the 4th quarter valued at $25,000. Bank of New Hampshire acquired a new stake in MongoDB during the 1st quarter valued at $25,000. Covestor Ltd acquired a new stake in MongoDB during the 4th quarter valued at $43,000. Cullen Frost Bankers Inc. acquired a new stake in MongoDB during the 1st quarter valued at $44,000. Finally, John W. Brooker & Co. CPAs acquired a new stake in MongoDB during the 2nd quarter valued at $26,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

Analyst Ratings Changes

MDB has been the topic of a number of analyst reports. Morgan Stanley dropped their target price on MongoDB from $378.00 to $368.00 and set an “overweight” rating on the stock in a research report on Thursday, June 2nd. Barclays lifted their target price on MongoDB from $330.00 to $338.00 and gave the stock an “overweight” rating in a research report on Thursday, June 2nd. William Blair reaffirmed an “outperform” rating on shares of MongoDB in a research report on Tuesday, May 24th. Redburn Partners initiated coverage on MongoDB in a research report on Wednesday, June 29th. They set a “sell” rating and a $190.00 target price on the stock. Finally, UBS Group lifted their target price on MongoDB from $315.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, June 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and a consensus price target of $401.17.

MongoDB Company Profile

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MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

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