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 MongoDB stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $266.00, for a total transaction of $798,000.00. Following the completion of the transaction, the director now directly owns 1,113,006 shares of the company’s stock, valued at $296,059,596. This trade represents a 0.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

MongoDB Stock Performance

Shares of NASDAQ:MDB traded up $6.06 during mid-day trading on Wednesday, hitting $282.03. The stock had a trading volume of 1,514,170 shares, compared to its average volume of 1,612,353. MongoDB, Inc. has a 12-month low of $212.74 and a 12-month high of $509.62. The company has a market cap of $21.00 billion, a PE ratio of -102.93 and a beta of 1.28. The company’s 50 day moving average is $268.90 and its 200-day moving average is $270.32.

MongoDB (NASDAQ:MDB) last issued its earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.68 by $0.48. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business had revenue of $529.40 million during the quarter, compared to analysts’ expectations of $497.39 million. During the same quarter last year, the firm posted $0.96 earnings per share. MongoDB’s revenue was up 22.3% compared to the same quarter last year. On average, equities research analysts predict that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

Hedge Funds Weigh In On MongoDB

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jennison Associates LLC raised its stake in MongoDB by 23.6% during the 3rd quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock valued at $838,632,000 after purchasing an additional 592,038 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of MongoDB by 11,057.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock valued at $69,119,000 after buying an additional 294,228 shares during the last quarter. Avala Global LP acquired a new stake in MongoDB during the third quarter worth about $47,960,000. Eagle Asset Management Inc. bought a new position in MongoDB during the third quarter valued at about $44,380,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in MongoDB during the third quarter valued at about $25,636,000. Institutional investors own 89.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. KeyCorp lifted their target price on MongoDB from $330.00 to $375.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Loop Capital upped their price objective on MongoDB from $315.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Needham & Company LLC raised their target price on MongoDB from $335.00 to $415.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Robert W. Baird upped their price target on shares of MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Finally, Barclays reduced their target price on shares of MongoDB from $400.00 to $330.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $361.00.

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.