Dwight A. Merriman Sells 2,000 Shares of MongoDB, Inc. (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $365.00, for a total transaction of $730,000.00. Following the transaction, the director now owns 1,154,784 shares in the company, valued at $421,496,160. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

MongoDB Price Performance

Shares of NASDAQ MDB opened at $352.06 on Friday. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 1.07. MongoDB, Inc. has a twelve month low of $212.52 and a twelve month high of $509.62. The business has a 50 day simple moving average of $404.71 and a 200-day simple moving average of $389.71. The company has a market capitalization of $25.64 billion, a price-to-earnings ratio of -141.96 and a beta of 1.19.

MongoDB (NASDAQ:MDB) last posted its earnings results on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing the consensus estimate of ($0.71) by ($0.32). The company had revenue of $458.00 million for the quarter, compared to the consensus estimate of $431.99 million. MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. As a group, equities research analysts expect that MongoDB, Inc. will post -2.53 earnings per share for the current year.

Hedge Funds Weigh In On MongoDB

Several institutional investors have recently modified their holdings of MDB. Vanguard Group Inc. boosted its stake in MongoDB by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 6,842,413 shares of the company’s stock valued at $2,797,521,000 after purchasing an additional 194,148 shares during the period. Jennison Associates LLC raised its holdings in shares of MongoDB by 3.3% during the fourth quarter. Jennison Associates LLC now owns 3,856,857 shares of the company’s stock valued at $1,576,876,000 after buying an additional 122,893 shares during the last quarter. State Street Corp boosted its position in shares of MongoDB by 1.8% during the first quarter. State Street Corp now owns 1,386,773 shares of the company’s stock worth $323,280,000 after buying an additional 24,595 shares during the period. 1832 Asset Management L.P. grew its holdings in MongoDB by 3,283,771.0% in the 4th quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock worth $200,383,000 after buying an additional 1,017,969 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in MongoDB by 3.8% in the 1st quarter. Geode Capital Management LLC now owns 967,289 shares of the company’s stock worth $225,174,000 after buying an additional 35,541 shares in the last quarter. Institutional investors own 89.29% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on MDB shares. Needham & Company LLC reiterated a “buy” rating and set a $465.00 price target on shares of MongoDB in a research note on Tuesday. JMP Securities reissued a “market outperform” rating and set a $440.00 price target on shares of MongoDB in a report on Monday, January 22nd. KeyCorp upped their price objective on MongoDB from $500.00 to $543.00 and gave the company an “overweight” rating in a research note on Wednesday, February 14th. Redburn Atlantic reaffirmed a “sell” rating and set a $295.00 price objective (down from $410.00) on shares of MongoDB in a research report on Tuesday, March 19th. Finally, UBS Group reissued a “neutral” rating and issued a $410.00 target price (down previously from $475.00) on shares of MongoDB in a report on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $448.74.

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.