MongoDB, Inc. (NASDAQ:MDB) Director Sells $281,620.00 in Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $281.62, for a total value of $281,620.00. Following the transaction, the director now owns 1,112,006 shares in the company, valued at $313,163,129.72. This trade represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

MongoDB Stock Down 0.1 %

Shares of NASDAQ MDB opened at $286.12 on Wednesday. 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 stock has a market cap of $21.31 billion, a P/E ratio of -104.42 and a beta of 1.28.

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

Institutional Investors Weigh In On MongoDB

Hedge funds and other institutional investors have recently bought and sold shares of the business. Hilltop National Bank raised its position in MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after acquiring an additional 42 shares in the last quarter. Brooklyn Investment Group bought a new stake in MongoDB in the third quarter worth about $36,000. Continuum Advisory LLC raised its position in MongoDB by 621.1% in the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after acquiring an additional 118 shares in the last quarter. GAMMA Investing LLC raised its position 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 acquiring an additional 93 shares in the last quarter. Finally, NCP Inc. bought a new stake in MongoDB in the fourth quarter worth about $35,000. 89.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on MDB shares. China Renaissance started coverage on MongoDB in a research note on Tuesday, January 21st. They set a “buy” rating and a $351.00 price objective on the stock. Stifel Nicolaus raised their price objective on MongoDB from $325.00 to $360.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Citigroup raised their price objective on MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Cantor Fitzgerald started coverage on MongoDB in a research note on Friday, January 17th. They set an “overweight” rating and a $344.00 price objective on the stock. Finally, Monness Crespi & Hardt cut MongoDB from a “neutral” rating to a “sell” rating and set a $220.00 price objective on the stock. in a research note on Monday, December 16th. Two investment 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 assigned a strong buy rating to the stock. According to MarketBeat, MongoDB has an average rating of “Moderate Buy” and an average 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.