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

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $272.97, for a total value of $272,970.00. Following the transaction, the director now owns 1,130,006 shares in the company, valued at $308,457,737.82. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

MongoDB Stock Performance

Shares of MongoDB stock opened at $284.66 on Wednesday. The firm has a fifty day moving average of $267.72 and a two-hundred day moving average of $286.14. The stock has a market capitalization of $20.88 billion, a price-to-earnings ratio of -101.30 and a beta of 1.15. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03.

MongoDB (NASDAQ:MDB) last issued its earnings results on Thursday, August 29th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.49 by $0.21. The company had revenue of $478.11 million during the quarter, compared to analysts’ expectations of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.63) EPS. As a group, equities research analysts predict that MongoDB, Inc. will post -2.44 EPS for the current year.

Institutional Trading of MongoDB

Several institutional investors and hedge funds have recently made changes to their positions in the business. Creative Planning raised its position in shares of MongoDB by 16.2% during the 3rd quarter. Creative Planning now owns 17,418 shares of the company’s stock valued at $4,709,000 after acquiring an additional 2,427 shares during the last quarter. Sapient Capital LLC bought a new stake in shares of MongoDB in the 3rd quarter valued at $736,000. CHICAGO TRUST Co NA bought a new stake in shares of MongoDB in the 3rd quarter valued at $255,000. Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of MongoDB by 253.2% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 558 shares of the company’s stock valued at $151,000 after buying an additional 400 shares in the last quarter. Finally, CWM LLC increased its position 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 buying an additional 156 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus upped their price objective on MongoDB from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Mizuho upped their price objective on MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Scotiabank upped their price objective on MongoDB from $250.00 to $295.00 and gave the company a “sector perform” rating in a research note on Friday, August 30th. Truist Financial upped their price objective on MongoDB from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Sanford C. Bernstein upped their price objective on MongoDB from $358.00 to $360.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $337.96.

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.