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

MongoDB, Inc. (NASDAQ:MDBGet Free Report) Director Dwight A. Merriman sold 3,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $237.73, for a total value of $713,190.00. Following the completion of the sale, the director now directly owns 1,117,006 shares of the company’s stock, valued at approximately $265,545,836.38. This trade represents a 0.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

MongoDB Stock Performance

MDB opened at $248.68 on Thursday. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year high of $509.62. The firm has a 50 day moving average price of $283.52 and a 200 day moving average price of $269.30. The company has a market cap of $18.52 billion, a PE ratio of -90.76 and a beta of 1.25.

MongoDB (NASDAQ:MDBGet Free Report) last posted its earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, beating 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 business had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. During the same quarter in the previous year, the business posted $0.96 EPS. The business’s quarterly revenue was up 22.3% on a year-over-year basis. On average, sell-side analysts predict that MongoDB, Inc. will post -1.86 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on MDB shares. Citigroup raised their price objective on shares of MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Needham & Company LLC raised their price objective on MongoDB from $335.00 to $415.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. DA Davidson boosted their target price on MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Oppenheimer lifted their price target on MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Finally, Truist Financial restated a “buy” rating and set a $400.00 target price (up from $320.00) on shares of MongoDB in a report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $367.14.

Read Our Latest Report on MongoDB

Institutional Investors Weigh In On MongoDB

Several hedge funds have recently modified their holdings of MDB. Quarry LP grew its position in MongoDB by 2,580.0% in the second quarter. Quarry LP now owns 134 shares of the company’s stock valued at $33,000 after acquiring an additional 129 shares in the last quarter. Brooklyn Investment Group purchased a new stake in MongoDB during the 3rd quarter worth $36,000. Continuum Advisory LLC lifted its holdings in MongoDB by 621.1% in the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock worth $40,000 after buying an additional 118 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of MongoDB by 178.8% during the third quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock valued at $39,000 after acquiring an additional 93 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of MongoDB in the third quarter worth about $44,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

About MongoDB

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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.

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Insider Buying and Selling by Quarter for MongoDB (NASDAQ:MDB)

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