Insider Selling: MongoDB, Inc. (NASDAQ:MDB) Director Sells 1,000 Shares of Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $265.00, for a total value of $265,000.00. Following the transaction, the director now directly owns 1,116,006 shares in the company, valued at approximately $295,741,590. This represents a 0.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

MongoDB Price Performance

Shares of NASDAQ:MDB traded down $0.08 during mid-day trading on Thursday, hitting $260.62. The company had a trading volume of 1,019,786 shares, compared to its average volume of 1,485,593. The firm has a fifty day moving average price of $275.99 and a 200 day moving average price of $268.99. The company has a market capitalization of $19.41 billion, a PE ratio of -95.12 and a beta of 1.25. 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 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. The firm had revenue of $529.40 million during the quarter, compared to analyst estimates of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business’s revenue was up 22.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.96 EPS. Research analysts expect that MongoDB, Inc. will post -1.79 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Scotiabank decreased their price target on MongoDB from $350.00 to $275.00 and set a “sector perform” rating on the stock in a research note on Tuesday. Canaccord Genuity Group boosted their price objective on shares of MongoDB from $325.00 to $385.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Loop Capital boosted their price objective on shares of MongoDB from $315.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. JMP Securities reaffirmed a “market outperform” rating and set a $380.00 price target on shares of MongoDB in a research report on Wednesday, December 11th. Finally, Mizuho upped their price objective on shares of MongoDB from $275.00 to $320.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $361.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Hilltop National Bank lifted its stake in shares of MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after purchasing an additional 42 shares during the period. Quarry LP increased its holdings 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 purchasing an additional 129 shares in the last quarter. Brooklyn Investment Group bought a new position in MongoDB during the 3rd quarter valued at about $36,000. GAMMA Investing LLC grew its position in MongoDB by 178.8% in the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock worth $39,000 after purchasing an additional 93 shares during the period. Finally, Continuum Advisory LLC increased its position in MongoDB by 621.1% during the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after acquiring an additional 118 shares during the last quarter. 89.29% of the stock is currently owned by 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.