MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman Sells 1,319 Shares

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 1,319 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $285.92, for a total value of $377,128.48. Following the completion of the transaction, the director now owns 87,744 shares in the company, valued at $25,087,764.48. This represents a 1.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

MongoDB Trading Up 1.7 %

MDB stock opened at $289.15 on Wednesday. The company’s 50-day simple moving average is $278.06 and its 200-day simple moving average is $273.04. The company has a quick ratio of 5.03, a current ratio of 5.03 and a debt-to-equity ratio of 0.84. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $509.62. The firm has a market cap of $21.36 billion, a P/E ratio of -95.74 and a beta of 1.15.

MongoDB (NASDAQ:MDB) last posted its earnings results on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, topping 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 business had revenue of $478.11 million for the quarter, compared to analyst estimates of $465.03 million. During the same period in the prior year, the company posted ($0.63) EPS. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. As a group, equities analysts forecast that MongoDB, Inc. will post -2.39 EPS for the current fiscal year.

Institutional Trading of MongoDB

A number of hedge funds have recently bought and sold shares of the business. MFA Wealth Advisors LLC acquired a new stake in shares of MongoDB during the 2nd quarter worth approximately $25,000. J.Safra Asset Management Corp lifted its position in shares of MongoDB by 682.4% during the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock worth $33,000 after purchasing an additional 116 shares during the last quarter. Quarry LP lifted its position in shares of MongoDB by 2,580.0% during the 2nd quarter. Quarry LP now owns 134 shares of the company’s stock worth $33,000 after purchasing an additional 129 shares during the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of MongoDB during the 2nd quarter worth $35,000. Finally, Brooklyn Investment Group acquired a new stake in MongoDB during the 3rd quarter worth $36,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MDB. DA Davidson increased their price target on MongoDB from $330.00 to $340.00 and gave the company a “buy” rating in a research report on Friday, October 11th. Barclays lifted their price target on MongoDB from $290.00 to $345.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Piper Sandler lifted their price objective on MongoDB from $300.00 to $335.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Bank of America lifted their price objective on MongoDB from $300.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Oppenheimer lifted their price target on MongoDB from $300.00 to $350.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $336.54.

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.