Dwight A. Merriman Sells 3,000 Shares of MongoDB, Inc. (NASDAQ:MDB) 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 shares were sold at an average price of $266.00, for a total value of $798,000.00. Following the completion of the sale, the director now owns 1,113,006 shares in the company, valued at approximately $296,059,596. This represents a 0.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

MongoDB Trading Down 0.1 %

NASDAQ:MDB opened at $277.87 on Friday. The firm has a market capitalization of $20.69 billion, a price-to-earnings ratio of -101.41 and a beta of 1.28. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62. The business’s 50-day moving average price is $267.97 and its two-hundred day moving average price is $270.37.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.48. The business had revenue of $529.40 million for 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 quarterly revenue was up 22.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.96 EPS. Sell-side analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Hedge Funds Weigh In On MongoDB

Several institutional investors and hedge funds have recently made changes to their positions in MDB. Hilltop National Bank lifted its stake in MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after buying an additional 42 shares in the last quarter. NCP Inc. acquired a new stake in shares of MongoDB during the fourth quarter worth $35,000. Brooklyn Investment Group bought a new stake in MongoDB in the 3rd quarter valued at $36,000. GAMMA Investing LLC boosted its stake in MongoDB by 178.8% in the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock worth $39,000 after purchasing an additional 93 shares during the period. Finally, Continuum Advisory LLC increased its holdings in MongoDB by 621.1% during the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after purchasing an additional 118 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Scotiabank decreased their price target on MongoDB from $350.00 to $275.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 21st. Citigroup boosted their target price on shares of MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Rosenblatt Securities began coverage on shares of MongoDB in a research report on Tuesday, December 17th. They set a “buy” rating and a $350.00 target price for the company. Cantor Fitzgerald started coverage on shares of MongoDB in a research report on Friday, January 17th. They issued an “overweight” rating and a $344.00 price target on the stock. Finally, Truist Financial reaffirmed a “buy” rating and set a $400.00 price objective (up from $320.00) on shares of MongoDB in a research note on Tuesday, December 10th. Two 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 given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.