MongoDB, Inc. (NASDAQ:MDB) Director Sells $872,370.00 in Stock

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 3,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $290.79, for a total transaction of $872,370.00. Following the completion of the sale, the director now directly owns 1,135,006 shares of the company’s stock, valued at approximately $330,048,394.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

MongoDB Trading Down 2.8 %

NASDAQ:MDB opened at $281.88 on Friday. MongoDB, Inc. has a 1 year low of $212.74 and a 1 year high of $509.62. The business has a fifty day moving average of $252.41 and a 200-day moving average of $310.80. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.93 and a current ratio of 4.93. The stock has a market cap of $20.68 billion, a price-to-earnings ratio of -100.31 and a beta of 1.15.

MongoDB (NASDAQ:MDB) last released its earnings results on Thursday, August 29th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.49 by $0.21. The firm had revenue of $478.11 million for the quarter, compared to analysts’ expectations of $465.03 million. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.95%. MongoDB’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.63) EPS. Equities analysts predict that MongoDB, Inc. will post -2.67 earnings per share for the current year.

Institutional Investors Weigh In On MongoDB

A number of institutional investors have recently added to or reduced their stakes in the company. Transcendent Capital Group LLC bought a new stake in shares of MongoDB in the 4th quarter worth $25,000. MFA Wealth Advisors LLC bought a new stake in MongoDB in the second quarter worth about $25,000. J.Safra Asset Management Corp lifted its holdings in MongoDB by 682.4% in the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock valued at $33,000 after acquiring an additional 116 shares during the last quarter. Quarry LP boosted its position in shares of MongoDB by 2,580.0% during the 2nd quarter. Quarry LP now owns 134 shares of the company’s stock valued at $33,000 after purchasing an additional 129 shares in the last quarter. Finally, Hantz Financial Services Inc. acquired a new position in shares of MongoDB in the 2nd quarter worth approximately $35,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on MDB shares. Canaccord Genuity Group lowered their price objective on MongoDB from $435.00 to $325.00 and set a “buy” rating for the company in a report on Friday, May 31st. Citigroup boosted their price target on MongoDB from $350.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday. Robert W. Baird reduced their price objective on MongoDB from $450.00 to $305.00 and set an “outperform” rating on the stock in a research note on Friday, May 31st. UBS Group boosted their target price on shares of MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Finally, Truist Financial raised their price target on shares of MongoDB from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus price target of $337.56.

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.