Insider Selling: MongoDB, Inc. (NASDAQ:MDB) Director Sells 1,000 Shares of Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $265.00, for a total value of $265,000.00. Following the completion of the transaction, the director now owns 1,116,006 shares of the company’s stock, valued at approximately $295,741,590. The trade was a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

MongoDB Stock Down 0.0 %

NASDAQ:MDB traded down $0.08 on Thursday, reaching $260.62. The company’s stock had a trading volume of 1,019,786 shares, compared to its average volume of 1,485,593. The firm has a market cap of $19.41 billion, a price-to-earnings ratio of -95.12 and a beta of 1.25. MongoDB, Inc. has a 12-month low of $212.74 and a 12-month high of $509.62. The stock has a 50 day moving average price of $275.99 and a 200 day moving average price of $268.99.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.48. The firm had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.96 EPS. Equities research analysts expect that MongoDB, Inc. will post -1.79 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MDB shares. Piper Sandler restated an “overweight” rating and issued a $425.00 price objective on shares of MongoDB in a research note on Tuesday, December 10th. Canaccord Genuity Group raised their price objective on MongoDB from $325.00 to $385.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Scotiabank dropped their target price on MongoDB from $350.00 to $275.00 and set a “sector perform” rating on the stock in a report on Tuesday. Wedbush raised MongoDB to a “strong-buy” rating in a report on Thursday, October 17th. Finally, Morgan Stanley raised their target price on MongoDB from $340.00 to $350.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $361.00.

Institutional Investors Weigh In On MongoDB

Several institutional investors and hedge funds have recently modified their holdings of MDB. Jennison Associates LLC boosted its position in shares of MongoDB by 23.6% during the 3rd quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock worth $838,632,000 after acquiring an additional 592,038 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of 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 acquiring an additional 34,814 shares in the last quarter. Westfield Capital Management Co. LP boosted its position in shares of MongoDB by 1.5% during the 3rd quarter. Westfield Capital Management Co. LP now owns 496,248 shares of the company’s stock worth $134,161,000 after acquiring an additional 7,526 shares in the last quarter. Holocene Advisors LP boosted its position in shares of MongoDB by 22.6% during the 3rd quarter. Holocene Advisors LP now owns 362,603 shares of the company’s stock worth $98,030,000 after acquiring an additional 66,730 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of MongoDB by 11,057.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock worth $69,119,000 after acquiring an additional 294,228 shares in 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.