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

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 1,000 shares of the firm’s 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 transaction, the director now directly owns 1,112,006 shares in the company, valued at $313,163,129.72. The trade was a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

MongoDB Trading Down 0.1 %

Shares of MDB traded down $0.24 during mid-day trading on Tuesday, reaching $286.12. 1,238,148 shares of the stock traded hands, compared to its average volume of 1,549,118. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year high of $509.62. The company has a market cap of $21.31 billion, a price-to-earnings ratio of -104.42 and a beta of 1.28. The firm has a fifty day moving average price of $266.30 and a 200 day moving average price of $271.04.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.48. The business had revenue of $529.40 million during the quarter, compared to analysts’ expectations of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.96 EPS. On average, sell-side analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on MDB shares. Stifel Nicolaus lifted their target price on shares of MongoDB from $325.00 to $360.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Canaccord Genuity Group boosted their price objective on MongoDB from $325.00 to $385.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Mizuho raised their target price on MongoDB from $275.00 to $320.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Wells Fargo & Company boosted their price target on shares of MongoDB from $350.00 to $425.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Finally, JMP Securities restated a “market outperform” rating and set a $380.00 price objective on shares of MongoDB in a report on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $361.00.

Institutional Investors Weigh In On MongoDB

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in MongoDB by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 7,328,745 shares of the company’s stock worth $1,706,205,000 after purchasing an additional 23,942 shares during the period. Jennison Associates LLC boosted its position in MongoDB by 23.6% during the 3rd quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock valued at $838,632,000 after buying an additional 592,038 shares during the period. Geode Capital Management LLC grew its holdings in MongoDB by 2.9% in 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 during the last quarter. Amundi increased its position in shares of MongoDB by 86.2% in the fourth quarter. Amundi now owns 693,740 shares of the company’s stock valued at $172,519,000 after acquiring an additional 321,186 shares during the period. Finally, Westfield Capital Management Co. LP raised its stake in shares of MongoDB by 1.5% during the third quarter. Westfield Capital Management Co. LP now owns 496,248 shares of the company’s stock valued at $134,161,000 after acquiring an additional 7,526 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

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.