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 company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $266.00, for a total transaction of $798,000.00. Following the completion of the sale, the director now directly owns 1,113,006 shares in the company, valued at approximately $296,059,596. The trade was a 0.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

MongoDB Stock Performance

NASDAQ MDB traded up $6.06 on Wednesday, reaching $282.03. The company had a trading volume of 1,514,170 shares, compared to its average volume of 1,612,353. The company’s fifty day moving average is $268.90 and its 200-day moving average is $270.32. The firm has a market capitalization of $21.00 billion, a price-to-earnings ratio of -102.93 and a beta of 1.28. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data 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 company 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 firm’s revenue was up 22.3% compared to the same quarter last year. During the same period last year, the company earned $0.96 earnings per share. On average, research analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Robert W. Baird raised their price objective on shares of MongoDB from $380.00 to $390.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Wedbush raised MongoDB to a “strong-buy” rating in a report on Thursday, October 17th. Truist Financial restated a “buy” rating and set a $400.00 target price (up previously from $320.00) on shares of MongoDB in a research report on Tuesday, December 10th. Tigress Financial raised their price target on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, Wells Fargo & Company boosted their price objective on MongoDB from $350.00 to $425.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $361.00.

Institutional Investors Weigh In On MongoDB

A number of large investors have recently added to or reduced their stakes in MDB. Smartleaf Asset Management LLC raised its holdings in MongoDB by 56.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 370 shares of the company’s stock valued at $87,000 after acquiring an additional 134 shares in the last quarter. US Bancorp DE raised its stake in MongoDB by 8.3% during the fourth quarter. US Bancorp DE now owns 4,190 shares of the company’s stock worth $975,000 after acquiring an additional 321 shares in the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its holdings in shares of MongoDB by 32.3% in the fourth quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 12,300 shares of the company’s stock worth $2,864,000 after acquiring an additional 3,000 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of MongoDB in the 4th quarter valued at approximately $10,135,000. Finally, Oppenheimer & Co. Inc. increased its position in MongoDB by 93.4% during the 4th quarter. Oppenheimer & Co. Inc. now owns 9,193 shares of the company’s stock worth $2,140,000 after purchasing an additional 4,440 shares in the last quarter. 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.