Dwight A. Merriman Sells 885 Shares of MongoDB, Inc. (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 885 shares of MongoDB stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $292.05, for a total value of $258,464.25. Following the completion of the sale, the director now owns 83,845 shares of the company’s stock, valued at approximately $24,486,932.25. The trade was a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

MongoDB Stock Down 1.7 %

NASDAQ:MDB opened at $290.00 on Friday. MongoDB, Inc. has a twelve month low of $212.74 and a twelve month high of $459.70. The stock’s 50 day moving average price is $261.59 and its two-hundred day moving average price is $273.25.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of MongoDB by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 7,328,745 shares of the company’s stock worth $1,706,205,000 after acquiring an additional 23,942 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of MongoDB by 23.6% during the 3rd quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock worth $838,632,000 after acquiring an additional 592,038 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of MongoDB by 9.7% during the 4th quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company’s stock worth $478,398,000 after acquiring an additional 181,962 shares during the last quarter. Geode Capital Management LLC grew its holdings in MongoDB by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 1,252,142 shares of the company’s stock valued at $290,987,000 after buying an additional 22,106 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in MongoDB by 12.6% in the 4th quarter. First Trust Advisors LP now owns 854,906 shares of the company’s stock valued at $199,031,000 after buying an additional 95,893 shares in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MDB has been the subject of a number of research reports. Mizuho lifted their price objective on MongoDB from $275.00 to $320.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Scotiabank lowered their price objective on MongoDB from $350.00 to $275.00 and set a “sector perform” rating for the company in a research report on Tuesday, January 21st. China Renaissance initiated coverage on MongoDB in a research report on Tuesday, January 21st. They issued a “buy” rating and a $351.00 price objective for the company. Robert W. Baird lifted their price objective on MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Finally, Royal Bank of Canada raised their target price on MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Two equities research 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $361.00.

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.