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 company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $349.17, for a total transaction of $698,340.00. Following the sale, the director now owns 1,124,006 shares of the company’s stock, valued at $392,469,175.02. This represents a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

MongoDB Stock Performance

MongoDB stock opened at $324.60 on Friday. MongoDB, Inc. has a twelve month low of $212.74 and a twelve month high of $509.62. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $23.98 billion, a P/E ratio of -107.48 and a beta of 1.15. The stock’s 50 day moving average is $282.65 and its 200 day moving average is $272.02.

MongoDB (NASDAQ:MDB) last released its earnings results on Thursday, August 29th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.21. The firm had revenue of $478.11 million for the quarter, compared to analysts’ expectations of $465.03 million. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The company’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.63) earnings per share. On average, equities research analysts predict that MongoDB, Inc. will post -2.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MDB has been the subject of several recent analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $380.00 price objective on shares of MongoDB in a research note on Friday, August 30th. Mizuho upped their price target on MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Stifel Nicolaus lifted their price objective on MongoDB from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Wells Fargo & Company upped their target price on MongoDB from $300.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, August 30th. Finally, Morgan Stanley lifted their price target on shares of MongoDB from $320.00 to $340.00 and gave the company an “overweight” rating in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $340.29.

Institutional Trading of MongoDB

Several institutional investors have recently bought and sold shares of the company. MFA Wealth Advisors LLC bought a new position in shares of MongoDB in the second quarter worth approximately $25,000. J.Safra Asset Management Corp raised its holdings in MongoDB by 682.4% in the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock worth $33,000 after acquiring an additional 116 shares during the last quarter. Quarry LP raised its holdings in MongoDB by 2,580.0% in the 2nd quarter. Quarry LP now owns 134 shares of the company’s stock worth $33,000 after acquiring an additional 129 shares during the last quarter. Hantz Financial Services Inc. bought a new position in MongoDB in the 2nd quarter valued at approximately $35,000. Finally, Brooklyn Investment Group purchased a new stake in MongoDB during the 3rd quarter valued at $36,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

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.