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 dated Thursday, October 10th. The shares were sold at an average price of $272.97, for a total value of $272,970.00. Following the completion of the transaction, the director now owns 1,130,006 shares in the company, valued at approximately $308,457,737.82. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

MongoDB Price Performance

NASDAQ:MDB traded down $4.48 during trading hours on Tuesday, reaching $284.66. 680,473 shares of the company were exchanged, compared to its average volume of 1,448,089. The business has a 50 day moving average of $267.72 and a 200 day moving average of $286.14. MongoDB, Inc. has a 1-year low of $212.74 and a 1-year high of $509.62. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03. The company has a market capitalization of $20.88 billion, a P/E ratio of -101.30 and a beta of 1.15.

MongoDB (NASDAQ:MDB - Get Free Report) last released its earnings results 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. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The company had revenue of $478.11 million for the quarter, compared to analyst estimates of $465.03 million. During the same period in the prior year, the firm posted ($0.63) EPS. MongoDB's quarterly revenue was up 12.8% on a year-over-year basis. Research analysts forecast that MongoDB, Inc. will post -2.44 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on MDB. JMP Securities reaffirmed a "market outperform" rating and issued a $380.00 target price on shares of MongoDB in a research note on Friday, August 30th. Needham & Company LLC raised their price objective on MongoDB from $290.00 to $335.00 and gave the stock a "buy" rating in a research note on Friday, August 30th. Morgan Stanley boosted their target price on MongoDB from $320.00 to $340.00 and gave the company an "overweight" rating in a research note on Friday, August 30th. DA Davidson raised their price target on MongoDB from $330.00 to $340.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Wells Fargo & Company lifted their price objective on MongoDB from $300.00 to $350.00 and gave the company an "overweight" rating in a report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $337.96.

Institutional Trading of MongoDB

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Creative Planning raised its position in MongoDB by 16.2% during the third quarter. Creative Planning now owns 17,418 shares of the company's stock valued at $4,709,000 after purchasing an additional 2,427 shares in the last quarter. Sapient Capital LLC bought a new position in shares of MongoDB in the 3rd quarter valued at $736,000. CHICAGO TRUST Co NA bought a new position in shares of MongoDB in the 3rd quarter valued at $255,000. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of MongoDB by 253.2% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 558 shares of the company's stock worth $151,000 after buying an additional 400 shares in the last quarter. Finally, CWM LLC lifted its position in shares of MongoDB by 5.0% during the 3rd quarter. CWM LLC now owns 3,269 shares of the company's stock worth $884,000 after buying an additional 156 shares during the last quarter. 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.