Dwight A. Merriman Sells 1,000 Shares of MongoDB, Inc. (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDBGet Free Report) Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $404.20, for a total value of $404,200.00. Following the completion of the transaction, the director now owns 527,896 shares in the company, valued at $213,375,563.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

MongoDB Price Performance

Shares of NASDAQ:MDB opened at $443.31 on Wednesday. MongoDB, Inc. has a one year low of $189.59 and a one year high of $454.59. The firm has a market capitalization of $32.00 billion, a price-to-earnings ratio of -167.92 and a beta of 1.24. The company’s fifty day moving average price is $404.08 and its 200-day moving average price is $381.09. The company has a debt-to-equity ratio of 1.18, a current ratio of 4.74 and a quick ratio of 4.74.

MongoDB (NASDAQ:MDBGet Free Report) last posted its earnings results on Tuesday, December 5th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.51 by $0.45. The firm had revenue of $432.94 million during the quarter, compared to analysts’ expectations of $406.33 million. MongoDB had a negative net margin of 11.70% and a negative return on equity of 20.64%. The company’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same period last year, the company posted ($1.23) EPS. On average, equities research analysts anticipate that MongoDB, Inc. will post -1.63 earnings per share for the current fiscal year.

Institutional Investors Weigh In On MongoDB

Several institutional investors and hedge funds have recently modified their holdings of MDB. KB Financial Partners LLC acquired a new stake in shares of MongoDB during the 2nd quarter worth approximately $27,000. Capital Advisors Ltd. LLC boosted its stake in MongoDB by 131.0% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 67 shares of the company’s stock worth $28,000 after purchasing an additional 38 shares during the last quarter. Bessemer Group Inc. acquired a new stake in MongoDB during the 4th quarter worth $29,000. BluePath Capital Management LLC acquired a new stake in MongoDB during the 3rd quarter worth $30,000. Finally, Blue Trust Inc. boosted its stake 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 own 88.89% of the company’s stock.

Wall Street Analyst Weigh In

MDB has been the subject of a number of research reports. Piper Sandler boosted their price target on MongoDB from $425.00 to $500.00 and gave the company an “overweight” rating in a research report on Wednesday, December 6th. Truist Financial reissued a “buy” rating and issued a $430.00 price objective on shares of MongoDB in a report on Monday, November 13th. Capital One Financial upgraded MongoDB from an “equal weight” rating to an “overweight” rating and set a $427.00 price objective for the company in a research report on Wednesday, November 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $495.00 price target on shares of MongoDB in a research note on Wednesday, January 17th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $450.00 price target on shares of MongoDB in a research report on Monday, December 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $429.50.

Check Out Our Latest Stock Report on MDB

MongoDB Company Profile

(Get Free Report)

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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