Dwight A. Merriman Sells 2,000 Shares of MongoDB, Inc. (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDBGet Free Report) Director Dwight A. Merriman sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $365.00, for a total transaction of $730,000.00. Following the completion of the sale, the director now directly owns 1,154,784 shares in the company, valued at approximately $421,496,160. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

MongoDB Trading Up 1.4 %

NASDAQ MDB opened at $356.04 on Friday. MongoDB, Inc. has a 12 month low of $212.52 and a 12 month high of $509.62. The company’s 50 day simple moving average is $404.71 and its 200 day simple moving average is $389.71. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 1.07.

MongoDB (NASDAQ:MDBGet Free Report) last issued its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by ($0.32). The firm had revenue of $458.00 million for the quarter, compared to analyst estimates of $431.99 million. MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. On average, analysts anticipate that MongoDB, Inc. will post -2.53 EPS for the current year.

Institutional Investors Weigh In On MongoDB

Institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James & Associates increased its holdings in shares of MongoDB by 14.2% in the fourth quarter. Raymond James & Associates now owns 60,557 shares of the company’s stock valued at $24,759,000 after buying an additional 7,510 shares in the last quarter. Nordea Investment Management AB raised its holdings in MongoDB by 298.2% during the 4th quarter. Nordea Investment Management AB now owns 18,657 shares of the company’s stock worth $7,735,000 after buying an additional 13,972 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its stake in MongoDB by 9.7% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,903 shares of the company’s stock valued at $658,000 after buying an additional 168 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of MongoDB by 1,196.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 29,215 shares of the company’s stock worth $11,945,000 after buying an additional 26,961 shares during the period. Finally, Blueshift Asset Management LLC purchased a new position in shares of MongoDB in the third quarter worth approximately $902,000. 89.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on MDB shares. KeyCorp lifted their price target on MongoDB from $500.00 to $543.00 and gave the stock an “overweight” rating in a report on Wednesday, February 14th. Citigroup lifted their price target on shares of MongoDB from $515.00 to $550.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. UBS Group restated a “neutral” rating and issued a $410.00 price objective (down previously from $475.00) on shares of MongoDB in a research note on Thursday, January 4th. Tigress Financial boosted their target price on MongoDB from $495.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Finally, Needham & Company LLC restated a “buy” rating and set a $465.00 price target on shares of MongoDB in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $448.74.

Get Our Latest Stock Analysis on MDB

About MongoDB

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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.

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