MongoDB (NASDAQ:MDB) Stock Price Down 4.1% on Insider Selling

Shares of MongoDB, Inc. (NASDAQ:MDB) fell 4.1% during trading on Wednesday after an insider sold shares in the company. The company traded as low as $320.68 and last traded at $321.52. 323,661 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 1,449,876 shares. The stock had previously closed at $335.40.

Specifically, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction on Monday, November 25th. The shares were sold at an average price of $349.17, for a total value of $698,340.00. Following the completion of the sale, the director now owns 1,124,006 shares in the company, valued at $392,469,175.02. The trade was a 0.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on MDB shares. UBS Group lifted their price target on shares of MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Morgan Stanley boosted their target price on MongoDB from $320.00 to $340.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Stifel Nicolaus increased their price target on MongoDB from $300.00 to $325.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Sanford C. Bernstein boosted their price objective on MongoDB from $358.00 to $360.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Finally, Scotiabank increased their target price on MongoDB from $250.00 to $295.00 and gave the stock a “sector perform” rating in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and an average price target of $340.29.

MongoDB Price Performance

The company has a current ratio of 5.03, a quick ratio of 5.03 and a debt-to-equity ratio of 0.84. The business’s fifty day moving average is $282.65 and its 200-day moving average is $272.02.

MongoDB (NASDAQ:MDB) last released its earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.21. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The firm had revenue of $478.11 million during the quarter, compared to the consensus estimate of $465.03 million. During the same period in the prior year, the firm earned ($0.63) EPS. The company’s revenue was up 12.8% compared to the same quarter last year. On average, equities research analysts anticipate that MongoDB, Inc. will post -2.37 EPS for the current year.

Institutional Trading of MongoDB

A number of large investors have recently bought and sold shares of the company. Aigen Investment Management LP purchased a new position in shares of MongoDB during the 3rd quarter valued at $1,045,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in MongoDB in the 3rd quarter valued at about $4,366,000. Sanctuary Advisors LLC bought a new position in MongoDB during the second quarter worth about $1,860,000. Charles Schwab Investment Management Inc. boosted its position in MongoDB by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock worth $75,271,000 after purchasing an additional 7,575 shares during the period. Finally, Sycomore Asset Management increased its stake in shares of MongoDB by 86.4% in the second quarter. Sycomore Asset Management now owns 53,568 shares of the company’s stock worth $12,884,000 after purchasing an additional 24,827 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

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.