MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman Sells 1,319 Shares

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 1,319 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $285.92, for a total value of $377,128.48. Following the transaction, the director now directly owns 87,744 shares in the company, valued at approximately $25,087,764.48. This trade represents a 1.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

MongoDB Price Performance

Shares of NASDAQ:MDB traded up $4.70 during trading on Tuesday, hitting $289.13. 1,384,949 shares of the company were exchanged, compared to its average volume of 1,429,894. The business’s 50 day moving average is $278.06 and its 200-day moving average is $273.04. The company has a market capitalization of $21.36 billion, a P/E ratio of -94.26 and a beta of 1.15. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.21. The company had revenue of $478.11 million during the quarter, compared to the consensus estimate of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.63) earnings per share. Equities analysts forecast that MongoDB, Inc. will post -2.39 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Stifel Nicolaus boosted their price target on MongoDB from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. UBS Group boosted their price objective on MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Morgan Stanley boosted their price objective on MongoDB from $320.00 to $340.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Sanford C. Bernstein boosted their price objective on MongoDB from $358.00 to $360.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Finally, DA Davidson boosted their price objective on MongoDB from $330.00 to $340.00 and gave the stock a “buy” rating in a report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $336.54.

Institutional Trading of MongoDB

Institutional investors and hedge funds have recently bought and sold shares of the stock. Aigen Investment Management LP acquired a new stake in MongoDB in the third quarter valued at $1,045,000. Sanctuary Advisors LLC acquired a new stake in MongoDB in the second quarter valued at $1,860,000. Sycomore Asset Management increased its holdings in MongoDB by 86.4% in the second quarter. Sycomore Asset Management now owns 53,568 shares of the company’s stock valued at $12,884,000 after purchasing an additional 24,827 shares during the period. Cetera Investment Advisers increased its holdings in MongoDB by 327.6% in the first quarter. Cetera Investment Advisers now owns 10,873 shares of the company’s stock valued at $3,899,000 after purchasing an additional 8,330 shares during the period. Finally, Toronto Dominion Bank increased its holdings in MongoDB by 147.3% in the first quarter. Toronto Dominion Bank now owns 24,047 shares of the company’s stock valued at $8,624,000 after purchasing an additional 14,323 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

About MongoDB

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