MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman Sells 3,000 Shares

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 3,000 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total value of $768,750.00. Following the sale, the director now owns 1,131,006 shares of the company’s stock, valued at approximately $289,820,287.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

MongoDB Price Performance

Shares of NASDAQ:MDB traded up $12.36 during midday trading on Friday, reaching $265.36. The company’s stock had a trading volume of 1,168,826 shares, compared to its average volume of 1,459,043. The business’s fifty day simple moving average is $261.73 and its 200-day simple moving average is $291.54. The company has a market capitalization of $19.46 billion, a P/E ratio of -94.43 and a beta of 1.15. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03. MongoDB, Inc. has a fifty-two week low of $212.74 and a fifty-two week high of $509.62.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.21. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The firm had revenue of $478.11 million during the quarter, compared to analysts’ expectations of $465.03 million. During the same quarter last year, the company posted ($0.63) EPS. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. As a group, equities research analysts expect that MongoDB, Inc. will post -2.44 EPS for the current fiscal year.

Analysts Set New Price Targets

MDB has been the topic of several research analyst reports. Stifel Nicolaus raised their price target on shares of MongoDB from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Scotiabank lifted their target price on MongoDB from $250.00 to $295.00 and gave the stock a “sector perform” rating in a research report on Friday, August 30th. Citigroup boosted their price target on MongoDB from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Bank of America raised their price objective on MongoDB from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Oppenheimer boosted their price objective on MongoDB from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and an average price target of $337.56.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of MongoDB by 2.9% in the 4th quarter. Vanguard Group Inc. now owns 6,842,413 shares of the company’s stock valued at $2,797,521,000 after buying an additional 194,148 shares during the period. Sycomore Asset Management boosted its holdings in MongoDB by 86.4% in the second quarter. Sycomore Asset Management now owns 53,568 shares of the company’s stock valued at $12,884,000 after acquiring an additional 24,827 shares during the last quarter. Prudential PLC increased its position in MongoDB by 2.4% in the fourth quarter. Prudential PLC now owns 21,169 shares of the company’s stock worth $8,655,000 after purchasing an additional 489 shares during the period. Bornite Capital Management LP bought a new stake in MongoDB during the 4th quarter worth about $6,133,000. Finally, Pinebridge Investments L.P. lifted its position in MongoDB by 75.1% during the 4th quarter. Pinebridge Investments L.P. now owns 20,845 shares of the company’s stock valued at $8,522,000 after purchasing an additional 8,937 shares during the period. Institutional investors own 89.29% of the company’s stock.

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.