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

MongoDB, Inc. (NASDAQ:MDBGet Rating) Director Dwight A. Merriman sold 3,000 shares of the business’s stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $251.74, for a total value of $755,220.00. Following the completion of the sale, the director now directly owns 544,896 shares of the company’s stock, valued at $137,172,119.04. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Shares of NASDAQ MDB traded down $13.57 during midday trading on Friday, reaching $273.13. The company’s stock had a trading volume of 2,349,171 shares, compared to its average volume of 1,499,770. MongoDB, Inc. has a 12-month low of $213.39 and a 12-month high of $590.00. The firm has a 50 day moving average price of $337.77 and a 200-day moving average price of $401.16. The stock has a market capitalization of $18.45 billion, a P/E ratio of -56.43 and a beta of 1.00. The company has a debt-to-equity ratio of 1.70, a current ratio of 4.02 and a quick ratio of 4.02.

MongoDB (NASDAQ:MDBGet Rating) last posted its quarterly earnings results on Wednesday, June 1st. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of ($1.34) by $1.54. The company had revenue of $285.45 million for the quarter, compared to analysts’ expectations of $267.10 million. MongoDB had a negative net margin of 32.75% and a negative return on equity of 45.65%. MongoDB’s revenue was up 57.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.98) EPS. On average, equities analysts predict that MongoDB, Inc. will post -5.48 EPS for the current year.

Large investors have recently bought and sold shares of the stock. Northern Trust Corp raised its holdings in shares of MongoDB by 3.1% in the 4th quarter. Northern Trust Corp now owns 405,648 shares of the company’s stock worth $214,731,000 after purchasing an additional 12,223 shares during the period. Mercer Global Advisors Inc. ADV bought a new stake in MongoDB during the 4th quarter valued at $200,000. TD Asset Management Inc. raised its holdings in MongoDB by 153.9% during the 4th quarter. TD Asset Management Inc. now owns 525,000 shares of the company’s stock valued at $277,909,000 after acquiring an additional 318,259 shares during the period. GraniteShares Advisors LLC bought a new stake in MongoDB during the 4th quarter valued at $165,000. Finally, Kornitzer Capital Management Inc. KS bought a new stake in MongoDB during the 4th quarter valued at $675,000. 88.70% of the stock is currently owned by institutional investors.

MDB has been the subject of a number of research analyst reports. Oppenheimer decreased their target price on MongoDB from $490.00 to $400.00 and set an “outperform” rating for the company in a research report on Thursday. Citigroup lifted their price target on MongoDB from $405.00 to $425.00 in a research note on Thursday. Morgan Stanley cut their price target on MongoDB from $378.00 to $368.00 and set an “overweight” rating for the company in a research note on Thursday. Credit Suisse Group cut their price target on MongoDB from $650.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, UBS Group upgraded MongoDB from a “neutral” rating to a “buy” rating and lifted their price target for the company from $345.00 to $450.00 in a research note on Friday, March 18th. One research analyst has rated the stock with a sell rating, one has given a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, MongoDB currently has an average rating of “Buy” and an average price target of $440.00.

About MongoDB (Get Rating)

MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

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