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

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 922 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $279.09, for a total transaction of $257,320.98. Following the transaction, the director now owns 84,730 shares in the company, valued at $23,647,295.70. This represents a 1.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

MongoDB Trading Up 2.2 %

Shares of MongoDB stock opened at $292.46 on Thursday. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $488.00. The firm’s 50-day moving average price is $265.54 and its two-hundred day moving average price is $271.27. The stock has a market capitalization of $21.78 billion, a price-to-earnings ratio of -106.74 and a beta of 1.28.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share 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 firm had revenue of $529.40 million during the quarter, compared to analysts’ expectations of $497.39 million. During the same period last year, the firm posted $0.96 EPS. The business’s revenue was up 22.3% on a year-over-year basis. As a group, equities research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in MongoDB by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 7,328,745 shares of the company’s stock worth $1,706,205,000 after acquiring an additional 23,942 shares during the last quarter. Jennison Associates LLC lifted its position in shares of MongoDB by 23.6% during the third quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock worth $838,632,000 after purchasing an additional 592,038 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of MongoDB by 9.7% during the fourth quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company’s stock valued at $478,398,000 after purchasing an additional 181,962 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of MongoDB by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 1,252,142 shares of the company’s stock valued at $290,987,000 after purchasing an additional 22,106 shares in the last quarter. Finally, Norges Bank bought a new position in MongoDB in the 4th quarter worth approximately $189,584,000. 89.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Royal Bank of Canada boosted their price target on MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Wells Fargo & Company raised their target price on shares of MongoDB from $350.00 to $425.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. JMP Securities restated a “market outperform” rating and set a $380.00 price target on shares of MongoDB in a report on Wednesday, December 11th. Scotiabank decreased their target price on MongoDB from $350.00 to $275.00 and set a “sector perform” rating for the company in a research note on Tuesday, January 21st. Finally, Loop Capital increased their price objective on MongoDB from $315.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, 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.