Dwight A. Merriman Sells 2,000 Shares of MongoDB, Inc. (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 2,000 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $349.17, for a total transaction of $698,340.00. Following the transaction, the director now owns 1,124,006 shares in the company, valued at $392,469,175.02. This represents a 0.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

MongoDB Stock Down 3.2 %

Shares of MDB stock opened at $324.60 on Thursday. MongoDB, Inc. has a one year low of $212.74 and a one year high of $509.62. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03. The stock has a fifty day moving average price of $281.84 and a 200 day moving average price of $271.65. The stock has a market cap of $23.98 billion, a P/E ratio of -107.48 and a beta of 1.15.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates 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 firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period last year, the firm earned ($0.63) EPS. Analysts predict that MongoDB, Inc. will post -2.39 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. MFA Wealth Advisors LLC bought a new stake in shares of MongoDB in the 2nd quarter valued at approximately $25,000. J.Safra Asset Management Corp grew its position in MongoDB by 682.4% in the second quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock valued at $33,000 after acquiring an additional 116 shares during the period. Quarry LP raised its stake in MongoDB by 2,580.0% during the second quarter. Quarry LP now owns 134 shares of the company’s stock worth $33,000 after acquiring an additional 129 shares in the last quarter. Hantz Financial Services Inc. acquired a new position in MongoDB during the second quarter worth $35,000. Finally, Brooklyn Investment Group bought a new position in shares of MongoDB during the third quarter valued at $36,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wedbush raised shares of MongoDB to a “strong-buy” rating in a research report on Thursday, October 17th. Morgan Stanley increased their price objective on MongoDB from $320.00 to $340.00 and gave the company an “overweight” rating in a report on Friday, August 30th. Bank of America boosted their target price on MongoDB from $300.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Royal Bank of Canada reiterated an “outperform” rating and set a $350.00 price target on shares of MongoDB in a report on Friday, August 30th. Finally, Truist Financial boosted their price objective on shares of MongoDB from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus price target of $340.29.

MongoDB Company Profile

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.