MongoDB, Inc. (NASDAQ:MDB) Director Sells $281,620.00 in Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $281.62, for a total transaction of $281,620.00. Following the sale, the director now directly owns 1,112,006 shares in the company, valued at approximately $313,163,129.72. The trade was a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

MongoDB Stock Performance

Shares of MongoDB stock opened at $292.97 on Friday. The company has a market cap of $21.82 billion, a P/E ratio of -106.92 and a beta of 1.28. MongoDB, Inc. has a one year low of $212.74 and a one year high of $488.00. The firm has a fifty day moving average of $264.56 and a two-hundred day moving average of $271.42.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.48. The company had revenue of $529.40 million during the quarter, compared to the consensus estimate of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. MongoDB’s quarterly revenue was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.96 EPS. As a group, equities analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on MDB. Citigroup increased their price objective on shares of MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Scotiabank dropped their price objective on shares of MongoDB from $350.00 to $275.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 21st. Oppenheimer increased their price objective on shares of MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Barclays dropped their price objective on shares of MongoDB from $400.00 to $330.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Finally, Truist Financial reissued a “buy” rating and issued a $400.00 price objective (up from $320.00) on shares of MongoDB in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $361.00.

Hedge Funds Weigh In On MongoDB

Large investors have recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL purchased a new position in MongoDB during the 4th quarter worth $29,000. Hilltop National Bank increased its holdings 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 in the last quarter. Brooklyn Investment Group purchased a new position in shares of MongoDB in the 3rd quarter valued at about $36,000. Continuum Advisory LLC increased its holdings in shares of MongoDB by 621.1% in the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after purchasing an additional 118 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of MongoDB by 178.8% in the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock valued at $39,000 after purchasing an additional 93 shares in the last quarter. Hedge funds and other institutional investors 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.