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

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $234.00, for a total transaction of $468,000.00. Following the transaction, the director now owns 1,107,006 shares of the company’s stock, valued at approximately $259,039,404. This represents a 0.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

MongoDB Price Performance

MongoDB stock opened at $217.23 on Tuesday. The stock’s 50 day moving average is $177.26 and its 200 day moving average is $228.16. MongoDB, Inc. has a one year low of $140.78 and a one year high of $370.00. The firm has a market cap of $17.64 billion, a P/E ratio of -79.28 and a beta of 1.39.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.35. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm had revenue of $549.01 million during the quarter, compared to analyst estimates of $527.49 million. During the same quarter last year, the business earned $0.51 EPS. The company’s revenue was up 21.8% compared to the same quarter last year. Equities analysts anticipate that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MDB. Guggenheim boosted their price target on MongoDB from $235.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, June 5th. KeyCorp downgraded MongoDB from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Mizuho dropped their target price on shares of MongoDB from $250.00 to $190.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. Redburn Atlantic raised shares of MongoDB from a “sell” rating to a “neutral” rating and set a $170.00 price target on the stock in a report on Thursday, April 17th. Finally, Robert W. Baird lowered their price objective on shares of MongoDB from $390.00 to $300.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Eight analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, MongoDB has an average rating of “Moderate Buy” and an average target price of $282.47.

Hedge Funds Weigh In On MongoDB

Hedge funds and other institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC increased its holdings in MongoDB by 181.8% in the first quarter. Acadian Asset Management LLC now owns 562,190 shares of the company’s stock worth $98,586,000 after purchasing an additional 362,705 shares in the last quarter. IFM Investors Pty Ltd grew its position in shares of MongoDB by 4.3% during the 1st quarter. IFM Investors Pty Ltd now owns 13,796 shares of the company’s stock worth $2,420,000 after buying an additional 569 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of MongoDB by 11.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,271,444 shares of the company’s stock valued at $223,011,000 after acquiring an additional 129,451 shares in the last quarter. Woodline Partners LP increased its stake in shares of MongoDB by 30,297.0% in the 1st quarter. Woodline Partners LP now owns 322,208 shares of the company’s stock valued at $56,515,000 after acquiring an additional 321,148 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co lifted its position in shares of MongoDB by 36.1% during the 1st quarter. Meiji Yasuda Life Insurance Co now owns 3,997 shares of the company’s stock valued at $701,000 after acquiring an additional 1,060 shares during the period. Institutional investors and hedge funds own 89.29% of the company’s stock.

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.