MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman Sells 3,000 Shares

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) Director Dwight A. Merriman sold 3,000 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $270.63, for a total value of $811,890.00. Following the completion of the sale, the director now directly owns 1,109,006 shares of the company's stock, valued at $300,130,293.78. This represents a 0.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

MongoDB Price Performance

MDB stock traded down $5.33 during trading on Friday, hitting $187.65. 5,777,748 shares of the stock traded hands, compared to its average volume of 1,644,879. MongoDB, Inc. has a 1 year low of $181.05 and a 1 year high of $387.19. The firm's 50 day moving average is $261.68 and its two-hundred day moving average is $274.38. The stock has a market cap of $13.97 billion, a price-to-earnings ratio of -68.49 and a beta of 1.30.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.45). MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm had revenue of $548.40 million for the quarter, compared to analysts' expectations of $519.65 million. During the same period last year, the company posted $0.86 earnings per share. As a group, analysts anticipate that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.

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Institutional Trading of MongoDB

A number of institutional investors have recently made changes to their positions in MDB. Vanguard Group Inc. lifted its stake in shares of MongoDB by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 7,328,745 shares of the company's stock worth $1,706,205,000 after purchasing an additional 23,942 shares during the period. Jennison Associates LLC lifted its stake in shares of 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 purchasing an additional 592,038 shares during the period. Franklin Resources Inc. lifted its stake in shares of MongoDB by 9.7% in the 4th quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company's stock worth $478,398,000 after purchasing an additional 181,962 shares during the period. Geode Capital Management LLC lifted its stake in shares of MongoDB by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 1,252,142 shares of the company's stock worth $290,987,000 after purchasing an additional 22,106 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of MongoDB by 12.6% in the 4th quarter. First Trust Advisors LP now owns 854,906 shares of the company's stock worth $199,031,000 after purchasing an additional 95,893 shares during the period. Hedge funds and other institutional investors own 89.29% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on MDB. Tigress Financial lifted their target price on shares of MongoDB from $400.00 to $430.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Citigroup boosted their price target on shares of MongoDB from $400.00 to $430.00 and gave the company a "buy" rating in a research report on Monday, December 16th. UBS Group set a $350.00 price target on shares of MongoDB in a research report on Tuesday. KeyCorp lowered shares of MongoDB from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. Finally, Cantor Fitzgerald initiated coverage on shares of MongoDB in a research report on Wednesday. They issued an "overweight" rating and a $344.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $319.87.

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.