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

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $281.62, for a total transaction of $281,620.00. Following the completion of the sale, the director now owns 1,112,006 shares in the company, valued at approximately $313,163,129.72. This trade represents a 0.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

MongoDB Stock Performance

MongoDB stock opened at $292.97 on Friday. The company’s 50 day simple moving average is $264.56 and its 200-day simple moving average is $271.42. The company has a market capitalization of $21.82 billion, a price-to-earnings ratio of -106.92 and a beta of 1.28. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year high of $488.00.

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, beating analysts’ consensus estimates of $0.68 by $0.48. The business had revenue of $529.40 million for the quarter, compared to the consensus estimate 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 revenue was up 22.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.96 EPS. Equities analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Institutional Investors Weigh In On MongoDB

A number of institutional investors and hedge funds have recently made changes to their positions in MDB. GAMMA Investing LLC raised its stake in shares of MongoDB by 178.8% in the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock valued at $39,000 after acquiring an additional 93 shares during the period. CWM LLC increased its stake in MongoDB by 5.0% during the 3rd quarter. CWM LLC now owns 3,269 shares of the company’s stock worth $884,000 after buying an additional 156 shares during the period. Livforsakringsbolaget Skandia Omsesidigt increased its stake in MongoDB by 253.2% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 558 shares of the company’s stock worth $151,000 after buying an additional 400 shares during the period. CHICAGO TRUST Co NA purchased a new stake in MongoDB during the 3rd quarter worth approximately $255,000. Finally, Sapient Capital LLC purchased a new stake in MongoDB during the 3rd quarter worth approximately $736,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MDB has been the topic of several research analyst reports. China Renaissance initiated coverage on shares of MongoDB in a research report on Tuesday, January 21st. They issued a “buy” rating and a $351.00 target price on the stock. Tigress Financial lifted their target price on shares of MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Rosenblatt Securities initiated coverage on shares of MongoDB in a research report on Tuesday, December 17th. They issued a “buy” rating and a $350.00 target price on the stock. Guggenheim upgraded shares of MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 target price on the stock in a research report on Monday, January 6th. Finally, Truist Financial reiterated a “buy” rating and issued a $400.00 target price (up previously from $320.00) on shares of MongoDB in a research report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $361.00.

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.