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 company’s 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 sale, the director now owns 1,116,006 shares of the company’s stock, valued at $295,741,590. This represents a 0.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

MongoDB Stock Performance

Shares of NASDAQ MDB opened at $261.86 on Friday. The firm’s 50 day moving average price is $275.02 and its 200-day moving average price is $268.94. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $509.62. The company has a market cap of $19.50 billion, a PE ratio of -95.57 and a beta of 1.25.

MongoDB (NASDAQ:MDB) last posted its earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping 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 last year, the company earned $0.96 EPS. On average, analysts forecast that MongoDB, Inc. will post -1.79 earnings per share for the current fiscal year.

Hedge Funds Weigh In On MongoDB

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Hilltop National Bank lifted its position in MongoDB by 47.2% during the fourth 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 lifted its holdings in shares of MongoDB by 2,580.0% during the 2nd quarter. Quarry LP now owns 134 shares of the company’s stock valued at $33,000 after buying an additional 129 shares during the period. Brooklyn Investment Group purchased a new position in shares of MongoDB in the 3rd quarter worth $36,000. Continuum Advisory LLC grew its holdings in shares of MongoDB by 621.1% in the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after acquiring an additional 118 shares during the period. Finally, GAMMA Investing LLC increased its position in MongoDB by 178.8% during the third quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock valued at $39,000 after acquiring an additional 93 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MDB. Wedbush raised shares of MongoDB to a “strong-buy” rating in a research note on Thursday, October 17th. Canaccord Genuity Group increased their price objective on MongoDB from $325.00 to $385.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Needham & Company LLC lifted their price objective on MongoDB from $335.00 to $415.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. The Goldman Sachs Group raised their price target on MongoDB from $340.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, Scotiabank reduced 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. 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.