Dwight A. Merriman Sells 1,000 Shares of MongoDB, Inc. (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $363.01, for a total value of $363,010.00. Following the completion of the transaction, the director now directly owns 523,896 shares of the company’s stock, valued at approximately $190,179,486.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

MongoDB Price Performance

Shares of NASDAQ MDB opened at $339.82 on Thursday. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 1.07. The business’s 50 day moving average price is $410.76 and its 200-day moving average price is $389.60. MongoDB, Inc. has a fifty-two week low of $198.72 and a fifty-two week high of $509.62.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share 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 business had revenue of $458.00 million during the quarter, compared to analysts’ expectations of $431.99 million. As a group, equities research analysts forecast that MongoDB, Inc. will post -2.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MDB has been the subject of a number of recent analyst reports. Redburn Atlantic reaffirmed a “sell” rating and issued a $295.00 price objective (down previously from $410.00) on shares of MongoDB in a research note on Tuesday, March 19th. Citigroup upped their price objective on MongoDB from $515.00 to $550.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. UBS Group reaffirmed a “neutral” rating and issued a $410.00 price objective (down previously from $475.00) on shares of MongoDB in a research note on Thursday, January 4th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $435.00 price objective on shares of MongoDB in a research note on Thursday, March 14th. Finally, Royal Bank of Canada upped their price objective on MongoDB from $445.00 to $475.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 6th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $449.85.

Institutional Investors Weigh In On MongoDB

Several hedge funds and other institutional investors have recently modified their holdings of the business. Transcendent Capital Group LLC purchased a new position in MongoDB during the 4th quarter worth $25,000. KB Financial Partners LLC purchased a new position in MongoDB during the 2nd quarter worth $27,000. Bessemer Group Inc. purchased a new position in MongoDB during the 4th quarter worth $29,000. BluePath Capital Management LLC purchased a new position in MongoDB during the 3rd quarter worth $30,000. Finally, Blue Trust Inc. increased its holdings in MongoDB by 937.5% during the 4th quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after purchasing an additional 75 shares during the period. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

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.