MongoDB, Inc. (NASDAQ:MDB) Director Sells $713,190.00 in Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 3,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $237.73, for a total transaction of $713,190.00. Following the completion of the transaction, the director now directly owns 1,117,006 shares in the company, valued at $265,545,836.38. The trade was a 0.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

MongoDB Stock Up 2.6 %

MDB traded up $6.47 during trading on Monday, hitting $252.86. 1,932,889 shares of the stock were exchanged, compared to its average volume of 2,013,383. The firm has a market capitalization of $18.83 billion, a P/E ratio of -92.28 and a beta of 1.25. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62. The stock has a fifty day moving average price of $284.50 and a two-hundred day moving average price of $268.59.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share (EPS) 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 company had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. During the same period last year, the firm posted $0.96 EPS. MongoDB’s revenue for the quarter was up 22.3% on a year-over-year basis. Analysts predict that MongoDB, Inc. will post -1.86 EPS for the current year.

Hedge Funds Weigh In On MongoDB

A number of hedge funds and other institutional investors have recently bought and sold shares of MDB. Nisa Investment Advisors LLC raised its holdings in MongoDB by 3.8% during the third quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company’s stock worth $295,000 after purchasing an additional 40 shares in the last quarter. Tanager Wealth Management LLP boosted its stake in shares of MongoDB by 4.7% in the third quarter. Tanager Wealth Management LLP now owns 957 shares of the company’s stock valued at $259,000 after buying an additional 43 shares in the last quarter. Rakuten Securities Inc. raised its position in MongoDB by 16.5% in the third quarter. Rakuten Securities Inc. now owns 332 shares of the company’s stock worth $90,000 after acquiring an additional 47 shares in the last quarter. Prime Capital Investment Advisors LLC boosted its position in shares of MongoDB by 5.2% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,190 shares of the company’s stock worth $322,000 after purchasing an additional 59 shares in the last quarter. Finally, Fulton Bank N.A. grew its stake in shares of MongoDB by 5.6% during the 3rd quarter. Fulton Bank N.A. now owns 1,199 shares of the company’s stock worth $324,000 after purchasing an additional 64 shares during the period. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on MDB shares. Wells Fargo & Company increased their price objective on shares of MongoDB from $350.00 to $425.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. KeyCorp lifted their price objective on MongoDB from $330.00 to $375.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. JMP Securities reissued a “market outperform” rating and set a $380.00 target price on shares of MongoDB in a research note on Wednesday, December 11th. Needham & Company LLC lifted their target price on MongoDB from $335.00 to $415.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Finally, Robert W. Baird increased their price target on shares of MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $367.14.

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.