Dwight A. Merriman Sells 2,000 Shares of MongoDB, Inc. (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $349.17, for a total transaction of $698,340.00. Following the transaction, the director now directly owns 1,124,006 shares of the company’s stock, valued at $392,469,175.02. This represents a 0.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

MongoDB Price Performance

Shares of NASDAQ:MDB traded down $10.80 during trading on Wednesday, hitting $324.60. 1,213,581 shares of the company’s stock were exchanged, compared to its average volume of 1,453,981. The company has a market cap of $23.98 billion, a price-to-earnings ratio of -106.46 and a beta of 1.15. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $509.62. The business’s 50-day simple moving average is $280.95 and its 200 day simple moving average is $271.28.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.21. The firm had revenue of $478.11 million during the quarter, compared to analyst estimates of $465.03 million. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.63) earnings per share. As a group, equities analysts predict that MongoDB, Inc. will post -2.39 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Mizuho boosted their target price on MongoDB from $250.00 to $275.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Citigroup upped their target price on shares of MongoDB from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Bank of America boosted their price objective on shares of MongoDB from $300.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Needham & Company LLC increased their target price on MongoDB from $290.00 to $335.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Stifel Nicolaus boosted their price target on MongoDB from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and an average target price of $340.29.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Tidal Investments LLC increased its stake in MongoDB by 76.8% during the third quarter. Tidal Investments LLC now owns 7,859 shares of the company’s stock worth $2,125,000 after acquiring an additional 3,415 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of MongoDB during the 3rd quarter valued at approximately $44,000. Virtu Financial LLC raised its holdings in MongoDB by 351.2% during the 3rd quarter. Virtu Financial LLC now owns 10,016 shares of the company’s stock valued at $2,708,000 after buying an additional 7,796 shares during the period. Teachers Retirement System of The State of Kentucky bought a new stake in MongoDB in the third quarter worth $5,840,000. Finally, Toronto Dominion Bank lifted its position in MongoDB by 21.9% in the third quarter. Toronto Dominion Bank now owns 9,462 shares of the company’s stock worth $2,558,000 after buying an additional 1,699 shares during the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

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.