MongoDB, Inc. (NASDAQ:MDB) Director Sells $379,150.00 in Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $379.15, for a total transaction of $379,150.00. Following the completion of the transaction, the director now directly owns 522,896 shares of the company’s stock, valued at $198,256,018.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

MongoDB Stock Down 0.1 %

Shares of MDB opened at $362.85 on Friday. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $26.43 billion, a PE ratio of -146.31 and a beta of 1.19. The firm’s 50 day moving average is $371.56 and its 200-day moving average is $391.06. MongoDB, Inc. has a 12 month low of $226.10 and a 12 month high of $509.62.

MongoDB (NASDAQ:MDB) last released its earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. The company had revenue of $458.00 million for the quarter, compared to the consensus estimate of $431.99 million. Equities research analysts forecast that MongoDB, Inc. will post -2.53 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on MDB shares. Needham & Company LLC restated a “buy” rating and issued a $465.00 price target on shares of MongoDB in a report on Friday. Guggenheim raised their target price on shares of MongoDB from $250.00 to $272.00 and gave the company a “sell” rating in a research report on Monday, March 4th. JMP Securities restated a “market outperform” rating and set a $440.00 price objective on shares of MongoDB in a research note on Monday, January 22nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $435.00 target price on shares of MongoDB in a research report on Thursday, March 14th. Finally, Loop Capital started coverage on MongoDB in a research report on Tuesday, April 23rd. They set a “buy” rating and a $415.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and a consensus target price of $443.86.

Institutional Investors Weigh In On MongoDB

Large investors have recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. increased its stake in MongoDB by 2,134.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 33,332 shares of the company’s stock valued at $11,528,000 after acquiring an additional 31,840 shares during the last quarter. Xponance Inc. increased its stake in shares of MongoDB by 2.0% in the 3rd quarter. Xponance Inc. now owns 9,405 shares of the company’s stock valued at $3,253,000 after purchasing an additional 187 shares during the last quarter. Raymond James & Associates raised its holdings in shares of MongoDB by 34.8% during the 3rd quarter. Raymond James & Associates now owns 53,047 shares of the company’s stock worth $18,347,000 after buying an additional 13,686 shares in the last quarter. AtonRa Partners bought a new stake in shares of MongoDB during the 3rd quarter worth $237,000. Finally, Zweig DiMenna Associates LLC boosted its stake in MongoDB by 112.7% in the third quarter. Zweig DiMenna Associates LLC now owns 14,250 shares of the company’s stock valued at $4,929,000 after buying an additional 7,550 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

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.