MongoDB, Inc. (NASDAQ:MDB) Director Sells $379,150.00 in Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $379.15, for a total value of $379,150.00. Following the sale, the director now owns 522,896 shares of the company’s stock, valued at $198,256,018.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

MongoDB Stock Performance

Shares of MongoDB stock traded down $0.32 during trading hours on Friday, reaching $362.85. The company’s stock had a trading volume of 926,558 shares, compared to its average volume of 1,366,722. The stock has a market cap of $26.43 billion, a P/E ratio of -146.44 and a beta of 1.19. MongoDB, Inc. has a one year low of $226.10 and a one year high of $509.62. The company’s 50 day simple moving average is $373.33 and its 200 day simple moving average is $390.92. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.40 and a current ratio of 4.40.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by ($0.32). MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. The company had revenue of $458.00 million during the quarter, compared to the consensus estimate of $431.99 million. As a group, analysts expect that MongoDB, Inc. will post -2.53 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S grew its holdings in MongoDB by 55.6% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,374 shares of the company’s stock worth $493,000 after buying an additional 491 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in shares of MongoDB in the first quarter worth $1,078,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of MongoDB by 5.6% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 13,932 shares of the company’s stock valued at $4,996,000 after purchasing an additional 736 shares during the period. Whittier Trust Co. lifted its holdings in MongoDB by 4.2% in the first quarter. Whittier Trust Co. now owns 28,380 shares of the company’s stock worth $10,178,000 after purchasing an additional 1,139 shares during the period. Finally, Jennison Associates LLC increased its stake in MongoDB by 14.3% during the 1st quarter. Jennison Associates LLC now owns 4,408,424 shares of the company’s stock valued at $1,581,037,000 after buying an additional 551,567 shares during the period. Institutional investors own 89.29% of the company’s stock.

Analyst Ratings Changes

MDB has been the subject of several research reports. UBS Group reiterated a “neutral” rating and set a $410.00 price target (down from $475.00) on shares of MongoDB in a research report on Thursday, January 4th. Stifel Nicolaus reissued a “buy” rating and issued a $435.00 price objective on shares of MongoDB in a report on Thursday, March 14th. Guggenheim lifted their target price on shares of MongoDB from $250.00 to $272.00 and gave the stock a “sell” rating in a research note on Monday, March 4th. DA Davidson raised shares of MongoDB from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $405.00 to $430.00 in a research report on Friday, March 8th. Finally, Tigress Financial raised their price target on MongoDB from $495.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Two analysts have rated the stock with a sell rating, three have given a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $443.86.

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.