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

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

MongoDB Stock Performance

MongoDB stock opened at $286.12 on Wednesday. The stock’s 50 day moving average price is $266.30 and its 200 day moving average price is $271.04. The firm has a market capitalization of $21.31 billion, a PE ratio of -104.42 and a beta of 1.28. MongoDB, Inc. has a one year low of $212.74 and a one year high of $509.62.

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

Institutional Investors Weigh In On MongoDB

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in MongoDB by 0.3% during 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 last quarter. Jennison Associates LLC increased its holdings in 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 purchasing an additional 592,038 shares during the last quarter. Geode Capital Management LLC increased its holdings 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 purchasing an additional 34,814 shares during the last quarter. Amundi increased its holdings in MongoDB by 86.2% during the 4th quarter. Amundi now owns 693,740 shares of the company’s stock worth $172,519,000 after purchasing an additional 321,186 shares during the last quarter. Finally, Westfield Capital Management Co. LP increased its holdings in 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 purchasing an additional 7,526 shares during the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MDB has been the subject of a number of recent research reports. Piper Sandler reiterated an “overweight” rating and set a $425.00 price objective on shares of MongoDB in a research report on Tuesday, December 10th. JMP Securities restated a “market outperform” rating and issued a $380.00 price target on shares of MongoDB in a report on Wednesday, December 11th. Mizuho lifted their price target on MongoDB from $275.00 to $320.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Macquarie assumed coverage on MongoDB in a report on Thursday, December 12th. They issued a “neutral” rating and a $300.00 price target for the company. Finally, Cantor Fitzgerald assumed coverage on MongoDB in a report on Friday, January 17th. They issued an “overweight” rating and a $344.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $361.00.

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.