MongoDB, Inc. (NASDAQ:MDB) Director Sells $257,320.98 in Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 922 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $279.09, for a total value of $257,320.98. Following the completion of the sale, the director now owns 84,730 shares of the company’s stock, valued at approximately $23,647,295.70. This trade represents a 1.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

MongoDB Stock Down 0.1 %

MongoDB stock traded down $0.24 during midday trading on Tuesday, reaching $286.12. 1,238,148 shares of the stock traded hands, compared to its average volume of 1,549,118. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $509.62. The stock’s fifty day moving average is $266.30 and its 200-day moving average is $271.04. The stock has a market cap of $21.31 billion, a P/E ratio of -104.42 and a beta of 1.28.

MongoDB (NASDAQ:MDB) last posted its earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.48. The firm had revenue of $529.40 million during the quarter, compared to analyst estimates of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. MongoDB’s revenue for the quarter was up 22.3% compared to the same quarter last year. During the same period last year, the firm posted $0.96 earnings per share. On average, equities analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Analysts Set New Price Targets

MDB has been the subject of a number of research analyst reports. Rosenblatt Securities assumed coverage on MongoDB in a research note on Tuesday, December 17th. They issued a “buy” rating and a $350.00 price target for the company. Oppenheimer raised their target price on shares of MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. China Renaissance assumed coverage on shares of MongoDB in a research report on Tuesday, January 21st. They set a “buy” rating and a $351.00 price target on the stock. Guggenheim upgraded shares of MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price objective for the company in a report on Monday, January 6th. Finally, Wells Fargo & Company upped their target price on MongoDB from $350.00 to $425.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $361.00.

Institutional Trading of MongoDB

A number of large investors have recently made changes to their positions in the business. GAMMA Investing LLC grew its position in MongoDB by 178.8% in the third quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock worth $39,000 after acquiring an additional 93 shares in the last quarter. CWM LLC lifted its stake in shares of MongoDB by 5.0% in the 3rd quarter. CWM LLC now owns 3,269 shares of the company’s stock valued at $884,000 after purchasing an additional 156 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of MongoDB by 253.2% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 558 shares of the company’s stock worth $151,000 after purchasing an additional 400 shares during the period. CHICAGO TRUST Co NA bought a new position in shares of MongoDB during the 3rd quarter valued at approximately $255,000. Finally, Sapient Capital LLC purchased a new stake in MongoDB during the 3rd quarter valued at $736,000. 89.29% of the stock is currently owned by 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.