MongoDB, Inc. (NASDAQ:MDB) Director Sells $2,249,700.00 in Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 6,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $374.95, for a total transaction of $2,249,700.00. Following the completion of the transaction, the director now directly owns 1,148,784 shares in the company, valued at $430,736,560.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

MongoDB Trading Down 0.1 %

NASDAQ MDB opened at $362.85 on Monday. The stock’s 50-day simple moving average is $371.56 and its two-hundred day simple moving average is $391.28. MongoDB, Inc. has a twelve month low of $226.10 and a twelve month high of $509.62. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $26.43 billion, a price-to-earnings ratio of -146.31 and a beta of 1.19.

MongoDB (NASDAQ:MDB) last released its earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $458.00 million during the quarter, compared to the consensus estimate of $431.99 million. Research analysts forecast that MongoDB, Inc. will post -2.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. 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. Truist Financial lifted their price target on shares of MongoDB from $440.00 to $500.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Guggenheim increased their price objective on MongoDB from $250.00 to $272.00 and gave the company a “sell” rating in a report on Monday, March 4th. Redburn Atlantic reissued a “sell” rating and issued a $295.00 target price (down from $410.00) on shares of MongoDB in a research report on Tuesday, March 19th. Finally, KeyCorp cut their target price on shares of MongoDB from $490.00 to $440.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. 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 company. Based on data from MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus price target of $443.86.

Institutional Investors Weigh In On MongoDB

A number of institutional investors have recently made changes to their positions in the business. Raymond James & Associates boosted its position in MongoDB by 14.2% during the fourth quarter. Raymond James & Associates now owns 60,557 shares of the company’s stock valued at $24,759,000 after buying an additional 7,510 shares during the period. Nordea Investment Management AB boosted its holdings in MongoDB by 298.2% during the 4th quarter. Nordea Investment Management AB now owns 18,657 shares of the company’s stock valued at $7,735,000 after acquiring an additional 13,972 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its position in MongoDB by 9.7% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,903 shares of the company’s stock worth $658,000 after acquiring an additional 168 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in MongoDB by 1,196.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 29,215 shares of the company’s stock worth $11,945,000 after purchasing an additional 26,961 shares during the period. Finally, Realta Investment Advisors bought a new stake in MongoDB in the fourth quarter valued at approximately $212,000. Hedge funds and other 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.