MongoDB, Inc. (NASDAQ:MDB) Director Sells $798,000.00 in Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $266.00, for a total value of $798,000.00. Following the transaction, the director now directly owns 1,113,006 shares of the company’s stock, valued at approximately $296,059,596. The trade was a 0.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

MongoDB Stock Down 1.4 %

NASDAQ:MDB opened at $278.10 on Friday. The business’s 50 day moving average is $268.90 and its two-hundred day moving average is $270.32. 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 $20.71 billion, a PE ratio of -101.50 and a beta of 1.28.

MongoDB (NASDAQ:MDB) last released 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. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. During the same quarter last year, the business posted $0.96 EPS. MongoDB’s quarterly revenue was up 22.3% compared to the same quarter last year. As a group, sell-side analysts expect that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on MDB shares. Cantor Fitzgerald initiated coverage on shares of MongoDB in a research note on Friday, January 17th. They issued an “overweight” rating and a $344.00 price target for the company. Tigress Financial lifted their target price on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Loop Capital upped their target price on shares of MongoDB from $315.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Mizuho raised their price target 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. Finally, Robert W. Baird lifted their price objective on MongoDB from $380.00 to $390.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Two 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and an average price target of $361.00.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in MongoDB during the 4th quarter worth approximately $90,478,000. Arizona State Retirement System raised its position in shares of MongoDB by 1.9% during the 4th quarter. Arizona State Retirement System now owns 21,421 shares of the company’s stock worth $4,987,000 after purchasing an additional 406 shares during the period. Aigen Investment Management LP raised its position in shares of MongoDB by 1.4% during the 4th quarter. Aigen Investment Management LP now owns 3,921 shares of the company’s stock worth $913,000 after purchasing an additional 55 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of MongoDB during the 4th quarter worth approximately $10,135,000. Finally, J.Safra Asset Management Corp raised its position in shares of MongoDB by 72.0% during the 4th quarter. J.Safra Asset Management Corp now owns 387 shares of the company’s stock worth $91,000 after purchasing an additional 162 shares during the period. Institutional investors own 89.29% of the company’s stock.

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.