MongoDB, Inc. (NASDAQ:MDB) Director Sells $377,128.48 in Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 1,319 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $285.92, for a total value of $377,128.48. Following the transaction, the director now owns 87,744 shares in the company, valued at approximately $25,087,764.48. This trade represents a 1.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

MongoDB Trading Up 1.7 %

MDB stock traded up $4.70 during midday trading on Tuesday, hitting $289.13. 1,384,949 shares of the company’s stock were exchanged, compared to its average volume of 1,429,894. The stock’s fifty day moving average price is $278.06 and its 200-day moving average price is $273.04. 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 $21.36 billion, a PE ratio of -94.26 and a beta of 1.15. MongoDB, Inc. has a one year low of $212.74 and a one year high of $509.62.

MongoDB (NASDAQ:MDB) last posted its earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.21. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The firm had revenue of $478.11 million for the quarter, compared to analyst estimates of $465.03 million. During the same period in the previous year, the company posted ($0.63) earnings per share. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. Research analysts predict that MongoDB, Inc. will post -2.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Morgan Stanley raised their price objective on shares of MongoDB from $320.00 to $340.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Sanford C. Bernstein raised their price objective on shares of MongoDB from $358.00 to $360.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Scotiabank raised their target price on MongoDB from $250.00 to $295.00 and gave the stock a “sector perform” rating in a research report on Friday, August 30th. Bank of America raised their target price on MongoDB from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Stifel Nicolaus raised their target price on MongoDB from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $336.54.

Institutional Trading of MongoDB

Several hedge funds and other institutional investors have recently modified their holdings of the company. Jennison Associates LLC raised its stake in shares of MongoDB by 23.6% in the 3rd quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock valued at $838,632,000 after purchasing an additional 592,038 shares during the period. Geode Capital Management LLC increased its position in shares of MongoDB by 2.9% in the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock valued at $331,776,000 after acquiring an additional 34,814 shares during the last quarter. Swedbank AB increased its position in shares of MongoDB by 156.3% in the second quarter. Swedbank AB now owns 656,993 shares of the company’s stock valued at $164,222,000 after acquiring an additional 400,705 shares during the last quarter. Westfield Capital Management Co. LP increased its position in shares of MongoDB by 1.5% in the third quarter. Westfield Capital Management Co. LP now owns 496,248 shares of the company’s stock valued at $134,161,000 after acquiring an additional 7,526 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its position in shares of MongoDB by 1,098.1% in the second quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company’s stock valued at $106,084,000 after acquiring an additional 388,979 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

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.