Dwight A. Merriman Sells 2,000 Shares of MongoDB, Inc. (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $365.00, for a total value of $730,000.00. Following the transaction, the director now directly owns 1,154,784 shares of the company’s stock, valued at approximately $421,496,160. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

MongoDB Stock Down 1.1 %

Shares of MDB opened at $352.06 on Friday. The company has a market capitalization of $25.64 billion, a P/E ratio of -141.96 and a beta of 1.19. MongoDB, Inc. has a one year low of $212.52 and a one year high of $509.62. The business’s 50 day simple moving average is $404.71 and its 200-day simple moving average is $389.71. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by ($0.32). The business had revenue of $458.00 million during the quarter, compared to the consensus estimate of $431.99 million. MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. As a group, sell-side analysts predict that MongoDB, Inc. will post -2.53 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Transcendent Capital Group LLC bought a new position in MongoDB in the 4th quarter valued at $25,000. KB Financial Partners LLC acquired a new position in shares of MongoDB during the second quarter valued at $27,000. Bessemer Group Inc. bought a new position in MongoDB in the fourth quarter valued at about $29,000. BluePath Capital Management LLC acquired a new stake in MongoDB in the third quarter worth about $30,000. Finally, Blue Trust Inc. raised its holdings in MongoDB by 937.5% during the 4th quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after purchasing an additional 75 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

MDB has been the subject of a number of research analyst reports. Stifel Nicolaus reiterated a “buy” rating and set a $435.00 price target on shares of MongoDB in a report on Thursday, March 14th. UBS Group reiterated a “neutral” rating and set a $410.00 target price (down from $475.00) on shares of MongoDB in a research note on Thursday, January 4th. Redburn Atlantic reissued a “sell” rating and issued a $295.00 price target (down from $410.00) on shares of MongoDB in a report on Tuesday, March 19th. Tigress Financial boosted their price objective on shares of MongoDB from $495.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Finally, DA Davidson upgraded shares of MongoDB from a “neutral” rating to a “buy” rating and increased their target price for the company from $405.00 to $430.00 in a research note on Friday, March 8th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $448.74.

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.