MongoDB, Inc. (NASDAQ:MDB) Director Sells $272,970.00 in Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $272.97, for a total transaction of $272,970.00. Following the completion of the sale, the director now owns 1,130,006 shares in the company, valued at $308,457,737.82. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

MongoDB Stock Performance

Shares of NASDAQ MDB opened at $271.87 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03. The company has a market cap of $19.94 billion, a P/E ratio of -96.75 and a beta of 1.15. The firm’s fifty day moving average is $269.54 and its two-hundred day moving average is $285.99. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $509.62.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.63) EPS. As a group, analysts anticipate that MongoDB, Inc. will post -2.44 EPS for the current fiscal year.

Institutional Trading of MongoDB

A number of institutional investors and hedge funds have recently bought and sold shares of MDB. MFA Wealth Advisors LLC purchased a new position in shares of MongoDB in the 2nd quarter worth $25,000. J.Safra Asset Management Corp grew its stake in shares of MongoDB by 682.4% in the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock worth $33,000 after buying an additional 116 shares in the last quarter. Quarry LP grew 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 worth $33,000 after buying an additional 129 shares in the last quarter. Hantz Financial Services Inc. purchased a new position in shares of MongoDB in the 2nd quarter worth $35,000. Finally, GAMMA Investing LLC grew its stake in shares of MongoDB by 178.8% in the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock worth $39,000 after buying an additional 93 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MDB shares. Oppenheimer raised their target price on shares of MongoDB from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Needham & Company LLC raised their target price on shares of MongoDB from $290.00 to $335.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Royal Bank of Canada restated an “outperform” rating and issued a $350.00 target price on shares of MongoDB in a report on Friday, August 30th. Truist Financial raised their target price on shares of MongoDB from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, Tigress Financial dropped their target price on shares of MongoDB from $500.00 to $400.00 and set a “buy” rating on the stock in a report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and an average price target of $337.96.

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.