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 on Thursday, June 27th. The stock was sold at an average price of $245.00, for a total transaction of $245,000.00. Following the sale, the director now directly owns 1,146,003 shares of the company’s stock, valued at approximately $280,770,735. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

MongoDB Stock Performance

NASDAQ MDB opened at $249.96 on Friday. The company has a current ratio of 4.93, a quick ratio of 4.93 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $18.33 billion, a price-to-earnings ratio of -88.95 and a beta of 1.13. The firm’s 50 day simple moving average is $304.59 and its 200 day simple moving average is $366.44. MongoDB, Inc. has a 1 year low of $214.74 and a 1 year high of $509.62.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Thursday, May 30th. The company reported ($0.80) EPS for the quarter, meeting the consensus estimate of ($0.80). The business had revenue of $450.56 million during the quarter, compared to the consensus estimate of $438.44 million. MongoDB had a negative net margin of 11.50% and a negative return on equity of 14.88%. As a group, research analysts expect that MongoDB, Inc. will post -2.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on MDB shares. Piper Sandler lowered their target price on shares of MongoDB from $480.00 to $350.00 and set an “overweight” rating for the company in a report on Friday, May 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $290.00 target price on shares of MongoDB in a report on Thursday, June 13th. Stifel Nicolaus lowered their target price on shares of MongoDB from $435.00 to $300.00 and set a “buy” rating for the company in a report on Friday, May 31st. Monness Crespi & Hardt raised shares of MongoDB to a “hold” rating in a report on Tuesday, May 28th. Finally, Loop Capital decreased their price target on shares of MongoDB from $415.00 to $315.00 and set a “buy” rating for the company in a report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $361.30.

Hedge Funds Weigh In On MongoDB

Several institutional investors and hedge funds have recently added to or reduced their stakes in MDB. Norges Bank bought a new position in MongoDB in the 4th quarter valued at approximately $326,237,000. Jennison Associates LLC lifted its stake in MongoDB by 14.3% in the 1st quarter. Jennison Associates LLC now owns 4,408,424 shares of the company’s stock valued at $1,581,037,000 after purchasing an additional 551,567 shares during the last quarter. Axiom Investors LLC DE bought a new position in MongoDB in the 4th quarter valued at approximately $153,990,000. Swedbank AB bought a new position in MongoDB in the 1st quarter valued at approximately $91,915,000. Finally, Clearbridge Investments LLC raised its stake in shares of MongoDB by 109.0% during the first quarter. Clearbridge Investments LLC now owns 445,084 shares of the company’s stock valued at $159,625,000 after acquiring an additional 232,101 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

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.