MongoDB, Inc. (NASDAQ:MDB) Director Sells $265,000.00 in Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $265.00, for a total transaction of $265,000.00. Following the completion of the sale, the director now directly owns 1,116,006 shares of the company’s stock, valued at approximately $295,741,590. The trade was a 0.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

MongoDB Stock Up 0.5 %

MDB stock opened at $261.86 on Friday. The firm has a market capitalization of $19.50 billion, a PE ratio of -95.57 and a beta of 1.25. MongoDB, Inc. has a twelve month low of $212.74 and a twelve month high of $509.62. The stock has a 50-day simple moving average of $275.02 and a two-hundred day simple moving average of $269.07.

MongoDB (NASDAQ:MDB) last posted its earnings results 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. The business had revenue of $529.40 million during the quarter, compared to analyst estimates of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.96 EPS. On average, equities research analysts anticipate that MongoDB, Inc. will post -1.79 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of MDB. Jennison Associates LLC grew its holdings in shares of MongoDB by 23.6% during the third quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock worth $838,632,000 after purchasing an additional 592,038 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings 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 purchasing an additional 294,228 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of MongoDB during the second quarter worth about $52,131,000. Avala Global LP purchased a new position in shares of MongoDB during the third quarter worth about $47,960,000. Finally, Eagle Asset Management Inc. purchased a new position in shares of MongoDB during the third quarter worth about $44,380,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MDB. Truist Financial reissued a “buy” rating and issued a $400.00 price target (up previously from $320.00) on shares of MongoDB in a research report on Tuesday, December 10th. Wedbush raised shares of MongoDB to a “strong-buy” rating in a report on Thursday, October 17th. JMP Securities reaffirmed a “market outperform” rating and set a $380.00 price objective on shares of MongoDB in a report on Wednesday, December 11th. Monness Crespi & Hardt downgraded shares of MongoDB from a “neutral” rating to a “sell” rating and set a $220.00 price objective on the stock. in a report on Monday, December 16th. Finally, Rosenblatt Securities started coverage on shares of MongoDB in a report on Tuesday, December 17th. They set a “buy” rating and a $350.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus target price of $361.00.

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.