MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman Sells 4,000 Shares

MongoDB, Inc. (NASDAQ:MDBGet Free Report) Director Dwight A. Merriman sold 4,000 shares of MongoDB stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $341.12, for a total value of $1,364,480.00. Following the completion of the sale, the director now directly owns 1,156,784 shares of the company’s stock, valued at $394,602,158.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

MongoDB Stock Performance

Shares of MDB stock opened at $339.82 on Thursday. The stock’s 50-day moving average is $410.76 and its two-hundred day moving average is $389.60. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07. MongoDB, Inc. has a 1 year low of $198.72 and a 1 year high of $509.62.

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Barclays raised their target price on MongoDB from $470.00 to $478.00 and gave the company an “overweight” rating in a report on Wednesday, December 6th. Guggenheim upped their target price on shares of MongoDB from $250.00 to $272.00 and gave the stock a “sell” rating in a research note on Monday, March 4th. Tigress Financial increased their target price on shares of MongoDB from $495.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. JMP Securities reaffirmed a “market outperform” rating and set a $440.00 price objective on shares of MongoDB in a research report on Monday, January 22nd. Finally, KeyCorp lifted their target price on MongoDB from $500.00 to $543.00 and gave the company an “overweight” rating in a report on Wednesday, February 14th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $449.85.

Check Out Our Latest Stock Analysis on MDB

Institutional Trading of MongoDB

Several institutional investors and hedge funds have recently bought and sold shares of MDB. Vanguard Group Inc. raised its stake in MongoDB by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 6,842,413 shares of the company’s stock valued at $2,797,521,000 after acquiring an additional 194,148 shares during the last quarter. Jennison Associates LLC raised its stake in shares of MongoDB by 3.3% during the fourth quarter. Jennison Associates LLC now owns 3,856,857 shares of the company’s stock worth $1,576,876,000 after purchasing an additional 122,893 shares during the last quarter. State Street Corp lifted its holdings in shares of MongoDB by 1.8% during the first quarter. State Street Corp now owns 1,386,773 shares of the company’s stock worth $323,280,000 after purchasing an additional 24,595 shares during the period. 1832 Asset Management L.P. grew its position in MongoDB by 3,283,771.0% in the 4th quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock valued at $200,383,000 after buying an additional 1,017,969 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in MongoDB by 3.8% in the 1st quarter. Geode Capital Management LLC now owns 967,289 shares of the company’s stock valued at $225,174,000 after buying an additional 35,541 shares during the period. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Company Profile

(Get Free Report)

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.

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