Insider Selling: MongoDB, Inc. (NASDAQ:MDB) Director Sells $798,000.00 in Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 3,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $266.00, for a total transaction of $798,000.00. Following the completion of the transaction, the director now owns 1,113,006 shares of the company’s stock, valued at approximately $296,059,596. The trade was a 0.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

MongoDB Stock Performance

NASDAQ MDB opened at $277.87 on Friday. The stock has a 50-day simple moving average of $267.97 and a 200 day simple moving average of $270.37. MongoDB, Inc. has a twelve month low of $212.74 and a twelve month high of $509.62. The stock has a market capitalization of $20.69 billion, a PE ratio of -101.41 and a beta of 1.28.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.48. The company had revenue of $529.40 million during 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 company’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.96 earnings per share. As a group, equities research analysts forecast that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Institutional Trading of MongoDB

Hedge funds and other institutional investors have recently bought and sold shares of the stock. B.O.S.S. Retirement Advisors LLC acquired a new stake in MongoDB during the fourth quarter worth about $606,000. Aigen Investment Management LP acquired a new stake in shares of MongoDB during the 3rd quarter worth approximately $1,045,000. Geode Capital Management LLC increased its position in shares of MongoDB by 2.9% during the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock valued at $331,776,000 after purchasing an additional 34,814 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of MongoDB in the third quarter valued at $4,366,000. Finally, Charles Schwab Investment Management Inc. lifted its position in MongoDB by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock worth $75,271,000 after purchasing an additional 7,575 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MDB. Robert W. Baird upped their price target on shares of MongoDB from $380.00 to $390.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Needham & Company LLC raised their target price on MongoDB from $335.00 to $415.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Tigress Financial upped their price target on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. DA Davidson increased their price objective on MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, Citigroup upped their target price on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a report on Monday, December 16th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.