Dwight A. Merriman Sells 6,000 Shares of MongoDB, Inc. (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $374.95, for a total value of $2,249,700.00. Following the completion of the transaction, the director now owns 1,148,784 shares in the company, valued at approximately $430,736,560.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

MongoDB Stock Down 0.1 %

Shares of NASDAQ MDB opened at $362.85 on Friday. The company has a market capitalization of $26.43 billion, a price-to-earnings ratio of -146.31 and a beta of 1.19. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40. The business has a 50-day moving average of $371.56 and a two-hundred day moving average of $391.06. MongoDB, Inc. has a 1 year low of $226.10 and a 1 year high of $509.62.

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 analysts’ consensus estimates of ($0.71) by ($0.32). The business had revenue of $458.00 million for the quarter, compared to analysts’ expectations of $431.99 million. MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. On average, analysts forecast that MongoDB, Inc. will post -2.53 earnings per share for the current fiscal year.

Institutional Trading of MongoDB

Institutional investors and hedge funds have recently made changes to their positions in the company. Transcendent Capital Group LLC purchased a new stake in shares of MongoDB in the 4th quarter valued at about $25,000. BluePath Capital Management LLC purchased a new stake in shares of MongoDB in the 3rd quarter valued at about $30,000. Blue Trust Inc. lifted its holdings in shares of MongoDB by 937.5% in the 4th quarter. Blue Trust Inc. now owns 83 shares of the company’s stock valued at $34,000 after purchasing an additional 75 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of MongoDB in the 3rd quarter valued at about $35,000. Finally, AM Squared Ltd purchased a new stake in shares of MongoDB in the 3rd quarter valued at about $35,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on MDB. Needham & Company LLC reaffirmed a “buy” rating and issued a $465.00 price target on shares of MongoDB in a report on Friday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $435.00 price target on shares of MongoDB in a report on Thursday, March 14th. Redburn Atlantic reissued a “sell” rating and set a $295.00 target price (down previously from $410.00) on shares of MongoDB in a research note on Tuesday, March 19th. Guggenheim lifted their price objective on MongoDB from $250.00 to $272.00 and gave the company a “sell” rating in a research note on Monday, March 4th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $440.00 price objective on shares of MongoDB in a research note on Monday, January 22nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.