Insider Selling: MongoDB, Inc. (NASDAQ:MDB) Director Sells $258,464.25 in Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 885 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $292.05, for a total value of $258,464.25. Following the sale, the director now owns 83,845 shares of the company’s stock, valued at $24,486,932.25. This represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

MongoDB Stock Down 5.8 %

Shares of NASDAQ MDB opened at $273.26 on Friday. The stock has a market capitalization of $20.35 billion, a P/E ratio of -99.73 and a beta of 1.28. The stock’s 50 day moving average price is $261.71 and its two-hundred day moving average price is $273.96. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $459.70.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, beating 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 return on equity of 12.22% and a negative net margin of 10.46%. The business’s revenue was up 22.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.96 EPS. On average, analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Strategic Investment Solutions Inc. IL bought a new stake in shares of MongoDB during the 4th quarter valued at about $29,000. Hilltop National Bank boosted 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 acquiring an additional 42 shares during the period. NCP Inc. bought a new position in shares of MongoDB during the fourth quarter valued at approximately $35,000. Brooklyn Investment Group acquired a new stake in shares of MongoDB during the 3rd quarter worth approximately $36,000. Finally, Continuum Advisory LLC lifted its holdings in shares of MongoDB by 621.1% in the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after purchasing an additional 118 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MDB. Guggenheim upgraded MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 target price for the company in a report on Monday, January 6th. Barclays decreased their price objective on shares of MongoDB from $400.00 to $330.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. Truist Financial reissued a “buy” rating and issued a $400.00 target price (up previously from $320.00) on shares of MongoDB in a research note on Tuesday, December 10th. Macquarie started coverage on shares of MongoDB in a research report on Thursday, December 12th. They set a “neutral” rating and a $300.00 price target for the company. Finally, The Goldman Sachs Group raised their price objective on MongoDB from $340.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $361.00.

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.