MongoDB, Inc. (NASDAQ:MDB) Director Sells $698,340.00 in Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $349.17, for a total value of $698,340.00. Following the transaction, the director now directly owns 1,124,006 shares in the company, valued at approximately $392,469,175.02. This represents a 0.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

MongoDB Stock Performance

MongoDB stock traded down $10.80 during trading hours on Wednesday, hitting $324.60. 1,213,581 shares of the stock traded hands, compared to its average volume of 1,453,981. The firm’s 50 day moving average price is $280.95 and its 200-day moving average price is $271.28. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03. The stock has a market capitalization of $23.98 billion, a price-to-earnings ratio of -106.46 and a beta of 1.15. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year high of $509.62.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.21. The company had revenue of $478.11 million for the quarter, compared to the consensus estimate of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. MongoDB’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.63) EPS. As a group, equities analysts expect that MongoDB, Inc. will post -2.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MDB has been the topic of several research analyst reports. Morgan Stanley upped their price objective on MongoDB from $320.00 to $340.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Oppenheimer raised their price target on shares of MongoDB from $300.00 to $350.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Citigroup upped their target price on shares of MongoDB from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Scotiabank lifted their price target on shares of MongoDB from $250.00 to $295.00 and gave the company a “sector perform” rating in a research note on Friday, August 30th. Finally, Barclays increased their price objective on MongoDB from $290.00 to $345.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus price target of $340.29.

Hedge Funds Weigh In On MongoDB

A number of institutional investors have recently modified their holdings of the stock. MFA Wealth Advisors LLC purchased a new stake in MongoDB during the second quarter worth $25,000. J.Safra Asset Management Corp grew its position in shares of MongoDB by 682.4% during the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock valued at $33,000 after acquiring an additional 116 shares during the period. Quarry LP increased its stake in shares of MongoDB by 2,580.0% in the 2nd quarter. Quarry LP now owns 134 shares of the company’s stock valued at $33,000 after purchasing an additional 129 shares in the last quarter. Hantz Financial Services Inc. acquired a new position in MongoDB in the 2nd quarter worth about $35,000. Finally, Brooklyn Investment Group acquired a new stake in MongoDB in the third quarter valued at approximately $36,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

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.