Dwight A. Merriman Sells 1,045 Shares of MongoDB, Inc. (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 1,045 shares of MongoDB stock in a transaction on Monday, January 13th. The shares were sold at an average price of $242.67, for a total transaction of $253,590.15. Following the completion of the sale, the director now directly owns 85,652 shares in the company, valued at $20,785,170.84. This represents a 1.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

MongoDB Trading Up 0.2 %

MongoDB stock opened at $242.91 on Thursday. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $509.62. The firm has a 50 day moving average price of $279.90 and a 200 day moving average price of $269.32.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data 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 business had revenue of $529.40 million during the quarter, compared to analysts’ expectations of $497.39 million. During the same period in the previous year, the firm posted $0.96 earnings per share. The company’s revenue was up 22.3% on a year-over-year basis. As a group, equities research analysts anticipate that MongoDB, Inc. will post -1.79 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on MDB shares. Barclays cut their price objective on MongoDB from $400.00 to $330.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. Guggenheim upgraded MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price objective on the stock in a report on Monday, January 6th. DA Davidson raised their price target on shares of MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Rosenblatt Securities assumed coverage on shares of MongoDB in a research note on Tuesday, December 17th. They set a “buy” rating and a $350.00 price objective for the company. Finally, Morgan Stanley increased their price objective on shares of MongoDB from $340.00 to $350.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and a consensus price target of $364.64.

Institutional Trading of MongoDB

Institutional investors and hedge funds have recently bought and sold shares of the business. Sanders Morris Harris LLC acquired a new position in shares of MongoDB in the fourth quarter valued at approximately $2,794,000. Covea Finance purchased a new position in MongoDB in the 4th quarter valued at approximately $3,841,000. Park Avenue Securities LLC grew its stake in shares of MongoDB by 24.3% in the fourth quarter. Park Avenue Securities LLC now owns 1,723 shares of the company’s stock worth $401,000 after acquiring an additional 337 shares in the last quarter. Assenagon Asset Management S.A. increased 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 period. Finally, Tealwood Asset Management Inc. acquired a new stake in shares of MongoDB in the fourth quarter valued at $243,000. 89.29% of the stock is currently 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.