MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman Sells 1,319 Shares

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 1,319 shares of MongoDB stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $285.92, for a total transaction of $377,128.48. Following the completion of the sale, the director now directly owns 87,744 shares in the company, valued at approximately $25,087,764.48. The trade was a 1.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

MongoDB Stock Up 1.7 %

Shares of NASDAQ:MDB opened at $289.15 on Wednesday. The stock has a market capitalization of $21.36 billion, a price-to-earnings ratio of -95.74 and a beta of 1.15. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62. The company’s fifty day moving average is $278.06 and its two-hundred day moving average is $273.04. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03.

MongoDB (NASDAQ:MDB) last issued its earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.21. The company had revenue of $478.11 million for the quarter, compared to analysts’ expectations of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The firm’s revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.63) earnings per share. Equities analysts anticipate that MongoDB, Inc. will post -2.39 EPS for the current year.

Analyst Upgrades and Downgrades

MDB has been the topic of a number of research analyst reports. Bank of America boosted their price objective on shares of MongoDB from $300.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Sanford C. Bernstein boosted their price objective on shares of MongoDB from $358.00 to $360.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Piper Sandler upped their price target on shares of MongoDB from $300.00 to $335.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Needham & Company LLC upped their price target on shares of MongoDB from $290.00 to $335.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Wells Fargo & Company increased their price objective on shares of MongoDB from $300.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus target price of $336.54.

Institutional Trading of MongoDB

Institutional investors and hedge funds have recently modified their holdings of the business. O Shaughnessy Asset Management LLC increased its holdings in shares of MongoDB by 21.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,150 shares of the company’s stock worth $771,000 after acquiring an additional 385 shares during the period. UniSuper Management Pty Ltd increased its stake in MongoDB by 100.0% during the 1st quarter. UniSuper Management Pty Ltd now owns 1,000 shares of the company’s stock valued at $359,000 after buying an additional 500 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in MongoDB by 7.0% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 70,208 shares of the company’s stock valued at $25,197,000 after buying an additional 4,612 shares during the period. Crewe Advisors LLC acquired a new position in MongoDB during the 1st quarter valued at about $363,000. Finally, EntryPoint Capital LLC acquired a new position in MongoDB during the 1st quarter valued at about $111,000. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Company Profile

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.