MongoDB, Inc. (NASDAQ:MDB) Director Sells $272,970.00 in Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $272.97, for a total transaction of $272,970.00. Following the transaction, the director now directly owns 1,130,006 shares of the company’s stock, valued at approximately $308,457,737.82. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

MongoDB Trading Down 2.3 %

NASDAQ MDB opened at $271.87 on Friday. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84. The firm has a market cap of $19.94 billion, a PE ratio of -96.75 and a beta of 1.15. The company has a 50 day moving average price of $269.54 and a 200 day moving average price of $285.99. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.49 by $0.21. The firm had revenue of $478.11 million during the quarter, compared to analyst estimates of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. MongoDB’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.63) EPS. As a group, sell-side analysts forecast that MongoDB, Inc. will post -2.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MDB. UBS Group lifted their price target on shares of MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Stifel Nicolaus lifted their price target on shares of MongoDB from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Sanford C. Bernstein lifted their price target on shares of MongoDB from $358.00 to $360.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Wells Fargo & Company lifted their price target on shares of MongoDB from $300.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $350.00 price objective on shares of MongoDB in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and a consensus target price of $337.96.

Institutional Trading of MongoDB

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in MongoDB by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 6,842,413 shares of the company’s stock worth $2,797,521,000 after purchasing an additional 194,148 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of MongoDB in the 2nd quarter valued at $1,860,000. Sycomore Asset Management boosted its holdings in shares of MongoDB by 86.4% in the 2nd quarter. Sycomore Asset Management now owns 53,568 shares of the company’s stock valued at $12,884,000 after acquiring an additional 24,827 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of MongoDB by 327.6% in the 1st quarter. Cetera Investment Advisers now owns 10,873 shares of the company’s stock valued at $3,899,000 after acquiring an additional 8,330 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in shares of MongoDB by 14.3% in the 1st quarter. Jennison Associates LLC now owns 4,408,424 shares of the company’s stock valued at $1,581,037,000 after acquiring an additional 551,567 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

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.