Dwight A. Merriman Sells 3,000 Shares of MongoDB, Inc. (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 3,000 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $269.57, for a total transaction of $808,710.00. Following the sale, the director now owns 1,127,006 shares in the company, valued at approximately $303,807,007.42. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

MongoDB Price Performance

NASDAQ MDB opened at $294.12 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03. The business’s fifty day moving average is $277.73 and its 200 day moving average is $278.07. The company has a market capitalization of $21.73 billion, a PE ratio of -97.39 and a beta of 1.15. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $509.62.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.21. The firm had revenue of $478.11 million for the quarter, compared to analysts’ expectations of $465.03 million. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The business’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.63) EPS. Sell-side analysts predict that MongoDB, Inc. will post -2.39 earnings per share for the current year.

Institutional Trading of MongoDB

Hedge funds and other institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. boosted its holdings in MongoDB by 12.9% in the 1st quarter. Advisors Asset Management Inc. now owns 324 shares of the company’s stock worth $116,000 after buying an additional 37 shares during the period. Atria Investments Inc lifted its position in shares of MongoDB by 1.2% in the first quarter. Atria Investments Inc now owns 3,259 shares of the company’s stock valued at $1,169,000 after acquiring an additional 39 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of MongoDB by 3.8% during the third quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company’s stock worth $295,000 after purchasing an additional 40 shares in the last quarter. Taylor Frigon Capital Management LLC grew its position in shares of MongoDB by 0.4% during the second quarter. Taylor Frigon Capital Management LLC now owns 9,903 shares of the company’s stock worth $2,475,000 after purchasing an additional 42 shares in the last quarter. Finally, Tanager Wealth Management LLP raised its stake in MongoDB by 4.7% during the 3rd quarter. Tanager Wealth Management LLP now owns 957 shares of the company’s stock valued at $259,000 after purchasing an additional 43 shares during the period. 89.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. JMP Securities restated a “market outperform” rating and issued a $380.00 price objective on shares of MongoDB in a report on Friday, August 30th. Wedbush upgraded MongoDB to a “strong-buy” rating in a research note on Thursday, October 17th. Morgan Stanley lifted their price objective on MongoDB from $320.00 to $340.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Oppenheimer increased their target price on MongoDB from $300.00 to $350.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Finally, Mizuho lifted their price target on MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $337.96.

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.