Dwight A. Merriman Sells 922 Shares of MongoDB, Inc. (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 922 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $279.09, for a total transaction of $257,320.98. Following the completion of the transaction, the director now owns 84,730 shares of the company’s stock, valued at $23,647,295.70. This trade represents a 1.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

MongoDB Stock Down 0.1 %

Shares of MDB stock traded down $0.24 during trading hours on Tuesday, reaching $286.12. The company’s stock had a trading volume of 1,238,148 shares, compared to its average volume of 1,549,118. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $509.62. The firm’s 50 day simple moving average is $266.30 and its 200-day simple moving average is $271.04. The company has a market capitalization of $21.31 billion, a price-to-earnings ratio of -104.42 and a beta of 1.28.

MongoDB (NASDAQ:MDB) last announced 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 company 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%. The firm’s revenue was up 22.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.96 EPS. Sell-side analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

MDB has been the subject of a number of research analyst reports. Tigress Financial upped their target price on shares of MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Scotiabank reduced their price objective on MongoDB from $350.00 to $275.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 21st. Piper Sandler reissued an “overweight” rating and issued a $425.00 target price on shares of MongoDB in a research report on Tuesday, December 10th. Stifel Nicolaus upped their price target on MongoDB from $325.00 to $360.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $380.00 price objective on shares of MongoDB in a report on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $361.00.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. B.O.S.S. Retirement Advisors LLC bought a new position in MongoDB in the 4th quarter valued at about $606,000. Aigen Investment Management LP purchased a new stake in shares of MongoDB in the third quarter worth approximately $1,045,000. Geode Capital Management LLC lifted its holdings in shares of MongoDB by 2.9% in 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 in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of MongoDB during the third quarter valued at approximately $4,366,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in MongoDB by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock worth $75,271,000 after buying an additional 7,575 shares in the last quarter. 89.29% of the stock is owned by institutional investors.

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.