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

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 885 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $292.05, for a total transaction of $258,464.25. Following the completion of the sale, the director now directly owns 83,845 shares in the company, valued at $24,486,932.25. This trade represents a 1.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

MongoDB Stock Down 5.8 %

Shares of 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. MongoDB, Inc. has a twelve month low of $212.74 and a twelve month high of $459.70. The company has a 50 day moving average of $261.59 and a 200-day moving average of $273.25.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.48. The company had revenue of $529.40 million during the quarter, compared to analysts’ expectations of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business’s quarterly revenue was up 22.3% on a year-over-year basis. During the same period last year, the business earned $0.96 EPS. On average, sell-side analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MDB. Truist Financial reissued a “buy” rating and issued a $400.00 price target (up previously from $320.00) on shares of MongoDB in a report on Tuesday, December 10th. Morgan Stanley boosted their price target on shares of MongoDB from $340.00 to $350.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Needham & Company LLC boosted their price target on shares of MongoDB from $335.00 to $415.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Robert W. Baird boosted their price target on shares of MongoDB from $380.00 to $390.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Finally, 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 report on Wednesday, December 18th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $361.00.

Institutional Investors Weigh In On MongoDB

Large investors have recently made changes to their positions in the stock. Strategic Investment Solutions Inc. IL acquired a new stake in shares of MongoDB in the 4th quarter valued at approximately $29,000. Hilltop National Bank boosted its holdings in shares of MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after buying an additional 42 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of MongoDB in the 3rd quarter valued at approximately $36,000. Continuum Advisory LLC boosted 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 valued at $40,000 after buying an additional 118 shares during the last quarter. Finally, NCP Inc. acquired a new stake in shares of MongoDB in the 4th quarter valued at approximately $35,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

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.