Insider Selling: MongoDB, Inc. (NASDAQ:MDB) Director Sells 1,000 Shares of Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $245.00, for a total value of $245,000.00. Following the sale, the director now directly owns 1,146,003 shares of the company’s stock, valued at approximately $280,770,735. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

MongoDB Stock Up 2.4 %

Shares of NASDAQ MDB opened at $249.96 on Friday. The company has a market capitalization of $18.33 billion, a price-to-earnings ratio of -88.95 and a beta of 1.13. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.93 and a quick ratio of 4.93. The business has a 50-day moving average of $304.59 and a two-hundred day moving average of $366.25. MongoDB, Inc. has a 1 year low of $214.74 and a 1 year high of $509.62.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Thursday, May 30th. The company reported ($0.80) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.80). MongoDB had a negative return on equity of 14.88% and a negative net margin of 11.50%. The company had revenue of $450.56 million during the quarter, compared to the consensus estimate of $438.44 million. On average, analysts forecast that MongoDB, Inc. will post -2.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on MDB shares. Barclays cut their target price on MongoDB from $458.00 to $290.00 and set an “overweight” rating for the company in a research note on Friday, May 31st. Monness Crespi & Hardt raised MongoDB to a “hold” rating in a research note on Tuesday, May 28th. Mizuho cut their target price on MongoDB from $380.00 to $250.00 and set a “neutral” rating for the company in a research note on Friday, May 31st. Redburn Atlantic reissued a “sell” rating and set a $295.00 target price (down previously from $410.00) on shares of MongoDB in a research note on Tuesday, March 19th. Finally, DA Davidson upgraded MongoDB from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $361.30.

Institutional Trading of MongoDB

A number of hedge funds and other institutional investors have recently made changes to their positions in MDB. Transcendent Capital Group LLC acquired a new stake in shares of MongoDB during the fourth quarter worth about $25,000. Blue Trust Inc. increased its position in shares of MongoDB by 937.5% during the fourth quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after purchasing an additional 75 shares in the last quarter. YHB Investment Advisors Inc. acquired a new stake in shares of MongoDB during the first quarter worth about $41,000. Parkside Financial Bank & Trust increased its position in shares of MongoDB by 38.3% during the third quarter. Parkside Financial Bank & Trust now owns 130 shares of the company’s stock worth $45,000 after purchasing an additional 36 shares in the last quarter. Finally, Beacon Capital Management LLC increased its position in shares of MongoDB by 1,111.1% during the fourth quarter. Beacon Capital Management LLC now owns 109 shares of the company’s stock worth $45,000 after purchasing an additional 100 shares in the last quarter. 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.