Dwight A. Merriman Sells 3,000 Shares of MongoDB, Inc. (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 3,000 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total transaction of $768,750.00. Following the completion of the sale, the director now directly owns 1,131,006 shares in the company, valued at $289,820,287.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

MongoDB Price Performance

MongoDB stock opened at $265.36 on Friday. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $509.62. The firm has a fifty day moving average of $261.97 and a 200-day moving average of $290.47. The firm has a market capitalization of $19.46 billion, a P/E ratio of -94.43 and a beta of 1.15. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.21. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The company had revenue of $478.11 million during the quarter, compared to analyst estimates of $465.03 million. During the same quarter in the prior year, the business earned ($0.63) earnings per share. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. As a group, analysts predict that MongoDB, Inc. will post -2.44 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on MDB shares. DA Davidson upped their price target on shares of MongoDB from $265.00 to $330.00 and gave the company a “buy” rating in a report on Friday, August 30th. JMP Securities reaffirmed a “market outperform” rating and issued a $380.00 price target on shares of MongoDB in a report on Friday, August 30th. Oppenheimer upped their price target on shares of MongoDB from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Citigroup upped their price objective on shares of MongoDB from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $350.00 price objective on shares of MongoDB in a research note on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $337.56.

Institutional Investors Weigh In On MongoDB

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in MongoDB by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 6,842,413 shares of the company’s stock valued at $2,797,521,000 after purchasing an additional 194,148 shares in the last quarter. Sycomore Asset Management grew its holdings in MongoDB by 86.4% during the 2nd quarter. Sycomore Asset Management now owns 53,568 shares of the company’s stock valued at $12,884,000 after purchasing an additional 24,827 shares in the last quarter. Prudential PLC grew its holdings in MongoDB by 2.4% during the 4th quarter. Prudential PLC now owns 21,169 shares of the company’s stock valued at $8,655,000 after purchasing an additional 489 shares in the last quarter. Bornite Capital Management LP acquired a new stake in MongoDB during the 4th quarter valued at $6,133,000. Finally, Pinebridge Investments L.P. grew its holdings in MongoDB by 75.1% during the 4th quarter. Pinebridge Investments L.P. now owns 20,845 shares of the company’s stock valued at $8,522,000 after purchasing an additional 8,937 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

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.