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 firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $281.62, for a total transaction of $281,620.00. Following the completion of the transaction, the director now owns 1,112,006 shares in the company, valued at $313,163,129.72. This represents a 0.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $292.46 on Thursday. The business has a fifty day moving average price of $265.54 and a 200-day moving average price of $271.27. The company has a market capitalization of $21.78 billion, a PE ratio of -106.74 and a beta of 1.28. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $488.00.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.48. The business had revenue of $529.40 million during the quarter, compared to analyst estimates of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. MongoDB’s revenue was up 22.3% compared to the same quarter last year. During the same period last year, the business earned $0.96 EPS. On average, sell-side analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Mizuho raised their price target on shares of MongoDB from $275.00 to $320.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Wells Fargo & Company increased their target price on shares of MongoDB from $350.00 to $425.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Barclays reduced their price target on MongoDB from $400.00 to $330.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Truist Financial reaffirmed a “buy” rating and set a $400.00 price target (up previously from $320.00) on shares of MongoDB in a research report on Tuesday, December 10th. Finally, Scotiabank cut their price objective on MongoDB from $350.00 to $275.00 and set a “sector perform” rating on the stock in a research report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and an average price target of $361.00.

Hedge Funds Weigh In On MongoDB

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MDB. Norges Bank bought a new stake in shares of MongoDB in the 4th quarter worth $189,584,000. Jennison Associates LLC increased its holdings in MongoDB by 23.6% in the 3rd quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock worth $838,632,000 after buying an additional 592,038 shares in the last quarter. Raymond James Financial Inc. purchased a new position in MongoDB in the 4th quarter worth about $90,478,000. Amundi raised its position in MongoDB by 86.2% in the 4th quarter. Amundi now owns 693,740 shares of the company’s stock worth $172,519,000 after buying an additional 321,186 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in MongoDB by 11,057.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock valued at $69,119,000 after acquiring an additional 294,228 shares during the period. 89.29% of the stock is owned by 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.