MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman Sells 1,045 Shares

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 1,045 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $242.67, for a total value of $253,590.15. Following the completion of the transaction, the director now owns 85,652 shares in the company, valued at $20,785,170.84. This represents a 1.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

MongoDB Trading Up 0.2 %

Shares of NASDAQ:MDB traded up $0.50 during trading on Wednesday, reaching $242.91. 1,057,983 shares of the stock were exchanged, compared to its average volume of 1,524,993. The firm has a market cap of $18.09 billion, a PE ratio of -88.65 and a beta of 1.25. The stock has a 50-day moving average price of $280.67 and a 200-day moving average price of $269.51. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $509.62.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.48. The business 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 firm’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.96 earnings per share. On average, sell-side analysts expect that MongoDB, Inc. will post -1.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. JMP Securities restated a “market outperform” rating and issued a $380.00 price target on shares of MongoDB in a research report on Wednesday, December 11th. DA Davidson raised their price target on MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. KeyCorp raised their price target on MongoDB from $330.00 to $375.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Truist Financial reiterated a “buy” rating and set a $400.00 target price (up from $320.00) on shares of MongoDB in a report on Tuesday, December 10th. Finally, Loop Capital lifted their target price on MongoDB from $315.00 to $400.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $364.64.

Institutional Investors Weigh In On MongoDB

Several hedge funds have recently modified their holdings of MDB. Sanders Morris Harris LLC bought a new position in shares of MongoDB in the 4th quarter worth about $2,794,000. Covea Finance acquired a new stake in shares of MongoDB in the 4th quarter valued at about $3,841,000. Park Avenue Securities LLC grew its stake in shares of MongoDB by 24.3% in the 4th quarter. Park Avenue Securities LLC now owns 1,723 shares of the company’s stock valued at $401,000 after buying an additional 337 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of MongoDB by 11,057.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock valued at $69,119,000 after buying an additional 294,228 shares during the period. Finally, Tealwood Asset Management Inc. acquired a new position in MongoDB during the 4th quarter valued at about $243,000. Institutional investors and hedge funds 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.