MongoDB, Inc. (NASDAQ:MDB) Director Sells $379,150.00 in Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $379.15, for a total transaction of $379,150.00. Following the transaction, the director now directly owns 522,896 shares of the company’s stock, valued at $198,256,018.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

MongoDB Trading Down 0.1 %

NASDAQ:MDB opened at $362.85 on Monday. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40. The business’s 50-day simple moving average is $371.56 and its 200-day simple moving average is $391.28. MongoDB, Inc. has a fifty-two week low of $226.10 and a fifty-two week high of $509.62. The stock has a market capitalization of $26.43 billion, a PE ratio of -146.31 and a beta of 1.19.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). The company had revenue of $458.00 million during 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%. Sell-side analysts expect that MongoDB, Inc. will post -2.53 earnings per share for the current fiscal year.

Institutional Trading of MongoDB

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in 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 last quarter. Jennison Associates LLC grew its stake in shares of MongoDB by 14.3% during the 1st quarter. Jennison Associates LLC now owns 4,408,424 shares of the company’s stock worth $1,581,037,000 after acquiring an additional 551,567 shares in the last quarter. Norges Bank acquired a new stake in shares of MongoDB in the fourth quarter valued at approximately $326,237,000. First Trust Advisors LP raised its holdings in shares of MongoDB by 59.3% in the fourth quarter. First Trust Advisors LP now owns 549,052 shares of the company’s stock valued at $224,480,000 after purchasing an additional 204,284 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of MongoDB by 5.5% in the third quarter. Northern Trust Corp now owns 448,035 shares of the company’s stock valued at $154,957,000 after purchasing an additional 23,270 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MDB. Guggenheim lifted their price target on shares of MongoDB from $250.00 to $272.00 and gave the company a “sell” rating in a report on Monday, March 4th. DA Davidson raised shares of MongoDB from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $405.00 to $430.00 in a research note on Friday, March 8th. Needham & Company LLC reiterated a “buy” rating and set a $465.00 target price on shares of MongoDB in a research report on Friday. Redburn Atlantic reiterated a “sell” rating and set a $295.00 target price (down from $410.00) on shares of MongoDB in a research report on Tuesday, March 19th. Finally, Citigroup upped their target price on shares of MongoDB from $515.00 to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $443.86.

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.