MongoDB, Inc. (NASDAQ:MDB – Get Free Report) Director Dwight A. Merriman sold 6,000 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $389.50, for a total transaction of $2,337,000.00. Following the completion of the transaction, the director now owns 1,201,159 shares of the company’s stock, valued at approximately $467,851,430.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
MongoDB Stock Down 1.2 %
Shares of NASDAQ:MDB opened at $377.54 on Friday. The stock has a market capitalization of $26.65 billion, a price-to-earnings ratio of -109.12 and a beta of 1.11. MongoDB, Inc. has a 1-year low of $135.15 and a 1-year high of $439.00. The company’s fifty day moving average is $389.53 and its two-hundred day moving average is $308.62. The company has a debt-to-equity ratio of 1.29, a quick ratio of 4.19 and a current ratio of 4.48.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on the stock. Argus boosted their target price on shares of MongoDB from $435.00 to $484.00 and gave the stock a “buy” rating in a research note on Tuesday. 22nd Century Group reaffirmed a “maintains” rating on shares of MongoDB in a research note on Monday, June 26th. Sanford C. Bernstein increased their price target on shares of MongoDB from $424.00 to $471.00 in a research note on Sunday, September 3rd. Capital One Financial assumed coverage on shares of MongoDB in a report on Monday, June 26th. They issued an “equal weight” rating and a $396.00 price objective on the stock. Finally, Truist Financial upped their price objective on shares of MongoDB from $420.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and a consensus price target of $418.08.
Institutional Trading of MongoDB
A number of institutional investors and hedge funds have recently modified their holdings of MDB. ST Germain D J Co. Inc. acquired a new position in MongoDB during the 2nd quarter valued at about $45,000. Alamar Capital Management LLC boosted its holdings in shares of MongoDB by 2.4% in the second quarter. Alamar Capital Management LLC now owns 9,056 shares of the company’s stock worth $3,722,000 after buying an additional 210 shares during the period. Osaic Holdings Inc. boosted its holdings in shares of MongoDB by 47.9% in the second quarter. Osaic Holdings Inc. now owns 14,324 shares of the company’s stock worth $5,876,000 after buying an additional 4,640 shares during the period. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of MongoDB by 365.9% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 7,142 shares of the company’s stock worth $2,935,000 after buying an additional 5,609 shares during the period. Finally, Coppell Advisory Solutions LLC acquired a new stake in shares of MongoDB during the second quarter worth approximately $43,000. 88.89% of the stock is owned by institutional investors and hedge funds.
MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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.
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