Dwight A. Merriman Sells 1,000 Shares of MongoDB, Inc. (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $265.00, for a total value of $265,000.00. Following the completion of the transaction, the director now directly owns 1,116,006 shares of the company’s stock, valued at approximately $295,741,590. This represents a 0.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

MongoDB Stock Down 0.0 %

NASDAQ MDB opened at $260.62 on Friday. MongoDB, Inc. has a 52 week low of $212.74 and a 52 week high of $509.62. The company has a market capitalization of $19.41 billion, a P/E ratio of -95.12 and a beta of 1.25. The stock’s 50-day moving average price is $275.99 and its 200-day moving average price is $268.99.

MongoDB (NASDAQ:MDB) last released its earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.48. The company had revenue of $529.40 million for the quarter, compared to analysts’ expectations of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm’s revenue was up 22.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.96 EPS. Research analysts anticipate that MongoDB, Inc. will post -1.79 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Jennison Associates LLC increased its stake in MongoDB by 23.6% in the 3rd quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock worth $838,632,000 after buying an additional 592,038 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of MongoDB by 2.9% in the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock worth $331,776,000 after acquiring an additional 34,814 shares during the period. Westfield Capital Management Co. LP grew its position in shares of MongoDB by 1.5% during the third quarter. Westfield Capital Management Co. LP now owns 496,248 shares of the company’s stock worth $134,161,000 after purchasing an additional 7,526 shares in the last quarter. Holocene Advisors LP lifted its holdings in MongoDB by 22.6% in the 3rd quarter. Holocene Advisors LP now owns 362,603 shares of the company’s stock worth $98,030,000 after purchasing an additional 66,730 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in MongoDB by 11,057.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 296,889 shares of the company’s stock worth $69,119,000 after purchasing an additional 294,228 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on MDB. Wells Fargo & Company lifted their target price on shares of MongoDB from $350.00 to $425.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. DA Davidson boosted their price objective on shares of MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. KeyCorp increased their target price on MongoDB from $330.00 to $375.00 and gave the company an “overweight” rating in a research note on Thursday, December 5th. Scotiabank reduced their target price on MongoDB from $350.00 to $275.00 and set a “sector perform” rating for the company in a report on Tuesday. Finally, Cantor Fitzgerald initiated coverage on MongoDB in a report on Friday, January 17th. They set an “overweight” rating and a $344.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and an average target price of $361.00.

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.