MongoDB, Inc. (NASDAQ:MDB) Director Sells $265,000.00 in Stock

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

MongoDB Stock Performance

MongoDB stock opened at $261.86 on Friday. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $509.62. The firm has a 50 day moving average price of $275.02 and a two-hundred day moving average price of $269.07. The firm has a market cap of $19.50 billion, a price-to-earnings ratio of -95.57 and a beta of 1.25.

MongoDB (NASDAQ:MDB) last released its quarterly 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. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm had revenue of $529.40 million during the quarter, compared to analyst estimates of $497.39 million. During the same quarter last year, the business earned $0.96 EPS. The company’s revenue was up 22.3% compared to the same quarter last year. As a group, equities research analysts predict that MongoDB, Inc. will post -1.79 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on MDB shares. Rosenblatt Securities started coverage on shares of MongoDB in a research note on Tuesday, December 17th. They issued a “buy” rating and a $350.00 price target on the stock. Cantor Fitzgerald started coverage on shares of MongoDB in a research note on Friday, January 17th. They issued an “overweight” rating and a $344.00 price target on the stock. KeyCorp upped their price target on shares of MongoDB from $330.00 to $375.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Tigress Financial increased their price objective 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. Finally, Oppenheimer increased their price objective on shares of MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Two investment 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 assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $361.00.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its position in shares of MongoDB by 3.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company’s stock worth $295,000 after buying an additional 40 shares during the period. Hilltop National Bank grew its position in shares of MongoDB by 47.2% during 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. Tanager Wealth Management LLP grew its position in shares of MongoDB by 4.7% during the 3rd quarter. Tanager Wealth Management LLP now owns 957 shares of the company’s stock worth $259,000 after buying an additional 43 shares during the period. Rakuten Securities Inc. grew its position in shares of MongoDB by 16.5% during the 3rd quarter. Rakuten Securities Inc. now owns 332 shares of the company’s stock worth $90,000 after buying an additional 47 shares during the period. Finally, Prime Capital Investment Advisors LLC grew its position in shares of MongoDB by 5.2% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,190 shares of the company’s stock worth $322,000 after buying an additional 59 shares during the period. Institutional investors own 89.29% of the company’s stock.

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.