Insider Selling: MongoDB, Inc. (NASDAQ:MDB) Director Sells 1,319 Shares of Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 1,319 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $285.92, for a total transaction of $377,128.48. Following the completion of the sale, the director now directly owns 87,744 shares of the company’s stock, valued at $25,087,764.48. This trade represents a 1.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

MongoDB Trading Up 11.7 %

Shares of MDB stock opened at $314.86 on Friday. MongoDB, Inc. has a 12 month low of $212.74 and a 12 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 business’s 50 day moving average is $277.71 and its two-hundred day moving average is $272.59. The company has a market cap of $23.26 billion, a PE ratio of -104.26 and a beta of 1.15.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data 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. The business had revenue of $478.11 million for the quarter, compared to the consensus estimate of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. MongoDB’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the company posted ($0.63) earnings per share. Equities analysts predict that MongoDB, Inc. will post -2.39 EPS for the current year.

Institutional Investors Weigh In On MongoDB

Hedge funds and other institutional investors have recently modified their holdings of the stock. Aigen Investment Management LP acquired a new stake in shares of MongoDB in the third quarter worth $1,045,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in MongoDB during the third quarter worth $4,366,000. Sanctuary Advisors LLC acquired a new stake in MongoDB during the second quarter worth $1,860,000. Sycomore Asset Management boosted its stake in MongoDB by 86.4% during the second quarter. Sycomore Asset Management now owns 53,568 shares of the company’s stock worth $12,884,000 after buying an additional 24,827 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in MongoDB by 327.6% during the first quarter. Cetera Investment Advisers now owns 10,873 shares of the company’s stock worth $3,899,000 after buying an additional 8,330 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MDB shares. JMP Securities reissued a “market outperform” rating and issued a $380.00 price target on shares of MongoDB in a research report on Friday, August 30th. UBS Group increased their price target on shares of MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Stifel Nicolaus increased their price target on shares of MongoDB from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Bank of America increased their price target on shares of MongoDB from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $350.00 price target on shares of MongoDB in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, MongoDB has a consensus 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.