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 stock in a transaction on Monday, February 10th. The shares were sold at an average price of $281.62, for a total value of $281,620.00. Following the transaction, the director now directly owns 1,112,006 shares of the company’s stock, valued at approximately $313,163,129.72. This trade represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

MongoDB Stock Performance

MongoDB stock opened at $292.46 on Thursday. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $488.00. The stock has a market cap of $21.78 billion, a P/E ratio of -106.74 and a beta of 1.28. The firm’s fifty day moving average price is $265.54 and its 200-day moving average price is $271.27.

MongoDB (NASDAQ:MDB) last released 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 return on equity of 12.22% and a negative net margin of 10.46%. The business had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. During the same quarter last year, the business posted $0.96 earnings per share. The company’s revenue for the quarter was up 22.3% on a year-over-year basis. On average, analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on MDB shares. Wedbush upgraded MongoDB to a “strong-buy” rating in a research note on Thursday, October 17th. Canaccord Genuity Group increased their target price on shares of MongoDB from $325.00 to $385.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Piper Sandler reiterated an “overweight” rating and issued a $425.00 target price on shares of MongoDB in a research note on Tuesday, December 10th. Tigress Financial upped their price target on shares of MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, Mizuho raised their price objective on shares of MongoDB from $275.00 to $320.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $361.00.

Institutional Trading of MongoDB

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Hilltop National Bank raised its stake in shares of MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after acquiring an additional 42 shares in the last quarter. NCP Inc. bought a new position in shares of MongoDB during the 4th quarter valued at $35,000. Brooklyn Investment Group purchased a new position in MongoDB in the 3rd quarter worth $36,000. GAMMA Investing LLC lifted its stake in MongoDB by 178.8% in the third quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock worth $39,000 after purchasing an additional 93 shares during the last quarter. Finally, Continuum Advisory LLC grew its stake in shares of MongoDB by 621.1% during the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after buying an additional 118 shares during 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.