MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman Sells 3,000 Shares

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 3,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $237.73, for a total transaction of $713,190.00. Following the transaction, the director now directly owns 1,117,006 shares in the company, valued at approximately $265,545,836.38. The trade was a 0.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

MongoDB Price Performance

Shares of MongoDB stock opened at $252.86 on Tuesday. The stock has a 50-day simple moving average of $284.11 and a 200-day simple moving average of $269.17. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $509.62. The firm has a market cap of $18.83 billion, a price-to-earnings ratio of -92.28 and a beta of 1.25.

MongoDB (NASDAQ:MDB) last posted its 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 company had revenue of $529.40 million during the quarter, compared to the consensus estimate of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The company’s revenue for the quarter was up 22.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.96 earnings per share. As a group, equities research analysts predict that MongoDB, Inc. will post -1.86 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Wedbush upgraded shares of MongoDB to a “strong-buy” rating in a research note on Thursday, October 17th. Royal Bank of Canada lifted their price target on MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Rosenblatt Securities initiated coverage on MongoDB in a report on Tuesday, December 17th. They issued a “buy” rating and a $350.00 price objective for the company. Robert W. Baird lifted their target price on MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Finally, Canaccord Genuity Group boosted their price target 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. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-two have given a buy rating and one has 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 price target of $367.14.

Institutional Investors Weigh In On MongoDB

Several institutional investors and hedge funds have recently added to or reduced their stakes in MDB. Jennison Associates LLC grew its position in shares of MongoDB by 23.6% in the third quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock valued at $838,632,000 after purchasing an additional 592,038 shares during the last quarter. 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 valued at $331,776,000 after buying an additional 34,814 shares during the last quarter. Westfield Capital Management Co. LP increased its position in MongoDB by 1.5% in the 3rd quarter. Westfield Capital Management Co. LP now owns 496,248 shares of the company’s stock worth $134,161,000 after buying an additional 7,526 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of MongoDB by 1,098.1% in the second quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company’s stock valued at $106,084,000 after acquiring an additional 388,979 shares during the period. Finally, Holocene Advisors LP boosted its position in shares of MongoDB by 22.6% in the third quarter. Holocene Advisors LP now owns 362,603 shares of the company’s stock valued at $98,030,000 after acquiring an additional 66,730 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

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.