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

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 922 shares of MongoDB 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 transaction, the director now directly owns 84,730 shares of the company’s stock, valued at $23,647,295.70. This represents a 1.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

MongoDB Price Performance

NASDAQ:MDB opened at $292.97 on Friday. The firm has a 50-day moving average of $264.56 and a 200-day moving average of $271.42. The company has a market cap of $21.82 billion, a PE ratio of -106.92 and a beta of 1.28. MongoDB, Inc. has a one year low of $212.74 and a one year high of $488.00.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $529.40 million for the quarter, compared to analysts’ expectations of $497.39 million. During the same period in the previous year, the company earned $0.96 earnings per share. The firm’s revenue for the quarter was up 22.3% compared to the same quarter last year. On average, equities research analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MDB. GAMMA Investing LLC boosted its holdings in MongoDB by 178.8% during 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. CWM LLC boosted its holdings in MongoDB by 5.0% during the third quarter. CWM LLC now owns 3,269 shares of the company’s stock worth $884,000 after purchasing an additional 156 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in MongoDB by 253.2% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 558 shares of the company’s stock worth $151,000 after purchasing an additional 400 shares during the last quarter. CHICAGO TRUST Co NA purchased a new position in MongoDB during the third quarter worth about $255,000. Finally, Sapient Capital LLC purchased a new position in MongoDB during the third quarter worth about $736,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MDB. Royal Bank of Canada lifted their target price on shares of MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Rosenblatt Securities began coverage on shares of MongoDB in a research note on Tuesday, December 17th. They set a “buy” rating and a $350.00 target price for the company. Tigress Financial lifted their target price on shares of MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Wells Fargo & Company lifted their target price on shares of MongoDB from $350.00 to $425.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Finally, China Renaissance began coverage on shares of MongoDB in a research note on Tuesday, January 21st. They set a “buy” rating and a $351.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, MongoDB 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.