MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman Sells 1,000 Shares of Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $265.00, for a total transaction of $265,000.00. Following the sale, the director now owns 1,116,006 shares in the company, valued at approximately $295,741,590. This trade represents a 0.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

MongoDB Price Performance

Shares of NASDAQ MDB opened at $260.62 on Friday. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year high of $509.62. The company’s 50-day moving average is $275.99 and its 200 day moving average is $268.99. The stock has a market capitalization of $19.41 billion, a P/E ratio of -95.12 and a beta of 1.25.

MongoDB (NASDAQ:MDB) last announced its earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.48. The firm 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 business’s revenue was up 22.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.96 EPS. Research analysts anticipate that MongoDB, Inc. will post -1.79 earnings per share for the current year.

Hedge Funds Weigh In On MongoDB

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hilltop National Bank grew its position in shares of MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after buying an additional 42 shares during the period. Quarry LP boosted its stake in MongoDB by 2,580.0% during the second quarter. Quarry LP now owns 134 shares of the company’s stock worth $33,000 after acquiring an additional 129 shares in the last quarter. Brooklyn Investment Group bought a new stake in MongoDB during the third quarter worth about $36,000. GAMMA Investing LLC grew its holdings in MongoDB by 178.8% in the third 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 stake in shares of MongoDB by 621.1% during the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after purchasing an additional 118 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. DA Davidson increased their target price on MongoDB from $340.00 to $405.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. 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 report on Tuesday, December 10th. Guggenheim upgraded MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 target price for the company in a research report on Monday, January 6th. Needham & Company LLC increased their price target on shares of MongoDB from $335.00 to $415.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Finally, China Renaissance began coverage on shares of MongoDB in a report on Tuesday. They issued a “buy” rating and a $351.00 price objective for the company. Two research 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.