MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman Sells 1,000 Shares of Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $281.62, for a total transaction of $281,620.00. Following the completion of the transaction, the director now directly owns 1,112,006 shares of the company’s stock, valued at approximately $313,163,129.72. This trade represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

MongoDB Stock Down 0.1 %

Shares of MDB opened at $286.12 on Wednesday. The firm has a market cap of $21.31 billion, a PE ratio of -104.42 and a beta of 1.28. The company’s fifty day moving average is $266.30 and its two-hundred day moving average is $271.04. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $509.62.

MongoDB (NASDAQ:MDB) last issued its earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. During the same quarter last year, the firm posted $0.96 EPS. The business’s revenue for the quarter was up 22.3% compared to the same quarter last year. As a group, equities research analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on MDB shares. Morgan Stanley increased their target price on shares of MongoDB from $340.00 to $350.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Cantor Fitzgerald started coverage on shares of MongoDB in a research report on Friday, January 17th. They issued an “overweight” rating and a $344.00 price target on the stock. Citigroup increased their price target on shares of MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Rosenblatt Securities started coverage on shares of MongoDB in a research report on Tuesday, December 17th. They issued a “buy” rating and a $350.00 price target on the stock. Finally, Loop Capital increased their price target on shares of MongoDB from $315.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $361.00.

Hedge Funds Weigh In On MongoDB

A number of hedge funds have recently made changes to their positions in MDB. B.O.S.S. Retirement Advisors LLC purchased a new stake in MongoDB during the 4th quarter worth $606,000. Aigen Investment Management LP purchased a new stake in MongoDB during the 3rd quarter worth $1,045,000. Geode Capital Management LLC increased its stake in MongoDB by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock worth $331,776,000 after buying an additional 34,814 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in MongoDB during the 3rd quarter worth $4,366,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of MongoDB by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock worth $75,271,000 after purchasing an additional 7,575 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

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.