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 dated Thursday, January 2nd. The shares were sold at an average price of $237.73, for a total transaction of $713,190.00. Following the completion of the sale, the director now owns 1,117,006 shares of the company's stock, valued at $265,545,836.38. The trade was a 0.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

MongoDB Price Performance

MDB traded up $6.47 during trading on Monday, reaching $252.86. The company had a trading volume of 1,941,689 shares, compared to its average volume of 2,023,850. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $509.62. The business's fifty day moving average price is $284.11 and its 200 day moving average price is $269.17. The company has a market cap of $18.83 billion, a P/E ratio of -92.28 and a beta of 1.25.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. During the same quarter in the previous year, the firm posted $0.96 earnings per share. The business's revenue was up 22.3% on a year-over-year basis. As a group, sell-side analysts predict that MongoDB, Inc. will post -1.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on MDB shares. Wedbush upgraded shares of MongoDB to a "strong-buy" rating in a research report on Thursday, October 17th. Macquarie started coverage on shares of MongoDB in a research report on Thursday, December 12th. They issued a "neutral" rating and a $300.00 price objective for the company. Loop Capital raised their price objective on shares of MongoDB from $315.00 to $400.00 and gave the company a "buy" rating in a research report on Monday, December 2nd. KeyCorp lifted their price target on shares of MongoDB from $330.00 to $375.00 and gave the stock an "overweight" rating in a research report on Thursday, December 5th. Finally, Mizuho lifted their price target on shares of MongoDB from $275.00 to $320.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $367.14.

Institutional Trading of MongoDB

Institutional investors have recently made changes to their positions in the business. Quarry LP lifted its position in shares of MongoDB by 2,580.0% in the second quarter. Quarry LP now owns 134 shares of the company's stock worth $33,000 after purchasing an additional 129 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of MongoDB in the third quarter worth $36,000. GAMMA Investing LLC lifted its position in shares of MongoDB by 178.8% in the third quarter. GAMMA Investing LLC now owns 145 shares of the company's stock worth $39,000 after purchasing an additional 93 shares in the last quarter. Continuum Advisory LLC lifted its position in shares of MongoDB by 621.1% in the third quarter. Continuum Advisory LLC now owns 137 shares of the company's stock worth $40,000 after purchasing an additional 118 shares in the last quarter. Finally, Asset Dedication LLC bought a new stake in shares of MongoDB in the second quarter worth $41,000. Institutional investors own 89.29% of the company's stock.

MongoDB Company Profile

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.