Dwight A. Merriman Sells 922 Shares of MongoDB, Inc. (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 922 shares of the business’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $279.09, for a total transaction of $257,320.98. Following the completion of the transaction, the director now owns 84,730 shares in the company, valued at $23,647,295.70. This represents a 1.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

MongoDB Stock Performance

Shares of MDB stock opened at $292.46 on Thursday. The business’s fifty day moving average is $265.54 and its 200-day moving average is $271.27. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year high of $488.00. The stock has a market cap of $21.78 billion, a PE ratio of -106.74 and a beta of 1.28.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share 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 company had revenue of $529.40 million during the quarter, compared to the consensus estimate of $497.39 million. During the same period in the prior year, the company earned $0.96 EPS. MongoDB’s revenue was up 22.3% on a year-over-year basis. Equities research analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its position in shares of MongoDB by 178.8% in the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock valued at $39,000 after purchasing an additional 93 shares during the period. CWM LLC increased its holdings in shares of MongoDB by 5.0% in the 3rd quarter. CWM LLC now owns 3,269 shares of the company’s stock valued at $884,000 after purchasing an additional 156 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of MongoDB by 253.2% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 558 shares of the company’s stock worth $151,000 after purchasing an additional 400 shares in the last quarter. CHICAGO TRUST Co NA purchased a new stake in MongoDB in the 3rd quarter worth approximately $255,000. Finally, Sapient Capital LLC purchased a new position in shares of MongoDB during the 3rd quarter valued at $736,000. Institutional investors own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Mizuho lifted their price objective on MongoDB from $275.00 to $320.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. KeyCorp upped their price objective on MongoDB from $330.00 to $375.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Oppenheimer lifted their price objective on shares of MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Citigroup increased their price objective on shares of MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Finally, Macquarie began coverage on MongoDB in a research note on Thursday, December 12th. They issued a “neutral” rating and a $300.00 target price for the company. 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $361.00.

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.