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 stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $281.62, for a total transaction of $281,620.00. Following the completion of the transaction, the director now directly owns 1,112,006 shares of the company’s stock, valued at approximately $313,163,129.72. The trade was a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

MongoDB Stock Performance

Shares of MDB stock traded down $0.24 on Tuesday, reaching $286.12. The stock had a trading volume of 1,238,148 shares, compared to its average volume of 1,549,118. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year high of $509.62. The stock has a market cap of $21.31 billion, a P/E ratio of -104.42 and a beta of 1.28. The company has a 50 day simple moving average of $266.30 and a 200 day simple moving average of $271.04.

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

Analyst Ratings Changes

A number of research firms have weighed in on MDB. Scotiabank reduced their target price on MongoDB from $350.00 to $275.00 and set a “sector perform” rating on the stock in a report on Tuesday, January 21st. Wells Fargo & Company increased their price objective on MongoDB from $350.00 to $425.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Piper Sandler restated an “overweight” rating and set a $425.00 target price on shares of MongoDB in a report on Tuesday, December 10th. Rosenblatt Securities initiated coverage on shares of MongoDB in a research note on Tuesday, December 17th. They issued a “buy” rating and a $350.00 price target for the company. Finally, Loop Capital lifted their price target on shares of MongoDB from $315.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Two 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 given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $361.00.

Institutional Trading of MongoDB

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jennison Associates LLC raised its holdings in MongoDB by 23.6% during the third quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock valued at $838,632,000 after acquiring an additional 592,038 shares during the period. Raymond James Financial Inc. purchased a new stake in MongoDB during the 4th quarter valued at approximately $90,478,000. Amundi lifted its holdings in shares of MongoDB by 86.2% in the fourth quarter. Amundi now owns 693,740 shares of the company’s stock worth $172,519,000 after buying an additional 321,186 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of MongoDB by 11,057.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock worth $69,119,000 after acquiring an additional 294,228 shares during the last quarter. Finally, Avala Global LP bought a new stake in MongoDB in the 3rd quarter valued at $47,960,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

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.