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

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) Director Dwight A. Merriman sold 1,000 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $281.62, for a total value of $281,620.00. Following the transaction, the director now owns 1,112,006 shares in the company, valued at $313,163,129.72. This trade represents a 0.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

MongoDB Stock Performance

Shares of NASDAQ:MDB traded down $3.34 during midday trading on Friday, reaching $289.63. The company had a trading volume of 1,247,880 shares, compared to its average volume of 1,481,443. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $488.00. The firm has a market cap of $21.57 billion, a price-to-earnings ratio of -105.70 and a beta of 1.28. The company has a fifty day simple moving average of $263.74 and a two-hundred day simple moving average of $271.57.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings data on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.48. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The firm had revenue of $529.40 million during the quarter, compared to analyst estimates of $497.39 million. During the same period last year, the company posted $0.96 EPS. The business's quarterly revenue was up 22.3% compared to the same quarter last year. Analysts expect that MongoDB, Inc. will post -1.78 EPS for the current year.

Institutional Investors Weigh In On MongoDB

A number of institutional investors have recently bought and sold shares of MDB. OneDigital Investment Advisors LLC raised its stake in shares of MongoDB by 3.9% during the 4th quarter. OneDigital Investment Advisors LLC now owns 1,044 shares of the company's stock worth $243,000 after purchasing an additional 39 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of MongoDB by 3.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company's stock worth $295,000 after purchasing an additional 40 shares in the last quarter. Hilltop National Bank raised its stake in shares of MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company's stock worth $30,000 after purchasing an additional 42 shares in the last quarter. Avestar Capital LLC raised its stake in shares of MongoDB by 2.0% during the 4th quarter. Avestar Capital LLC now owns 2,165 shares of the company's stock worth $504,000 after purchasing an additional 42 shares in the last quarter. Finally, Tanager Wealth Management LLP raised its stake in shares of MongoDB by 4.7% during the 3rd quarter. Tanager Wealth Management LLP now owns 957 shares of the company's stock worth $259,000 after purchasing an additional 43 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on MDB shares. KeyCorp increased their target price on MongoDB from $330.00 to $375.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. Rosenblatt Securities started coverage on MongoDB in a research report on Tuesday, December 17th. They issued a "buy" rating and a $350.00 target price on the stock. Oppenheimer increased their target price on MongoDB from $350.00 to $400.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 10th. Wells Fargo & Company increased their target price on MongoDB from $350.00 to $425.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 10th. Finally, Tigress Financial raised their price target on MongoDB from $400.00 to $430.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, MongoDB currently has an average rating of "Moderate Buy" and an average price target of $361.00.

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.