MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman Sells 6,000 Shares

MongoDB, Inc. (NASDAQ:MDBGet Free Report) Director Dwight A. Merriman sold 6,000 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $437.99, for a total transaction of $2,627,940.00. Following the completion of the sale, the director now owns 1,168,784 shares in the company, valued at approximately $511,915,704.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

MongoDB Trading Up 0.2 %

NASDAQ:MDB traded up $0.88 on Monday, hitting $436.89. The stock had a trading volume of 1,982,047 shares, compared to its average volume of 1,340,224. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 1.18. The stock has a market cap of $31.53 billion, a price-to-earnings ratio of -164.86 and a beta of 1.24. The company has a fifty day moving average price of $403.38 and a two-hundred day moving average price of $380.92. MongoDB, Inc. has a 1-year low of $189.59 and a 1-year high of $454.59.

MongoDB (NASDAQ:MDBGet Free Report) last posted its earnings results on Tuesday, December 5th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.45. The company had revenue of $432.94 million for the quarter, compared to analyst estimates of $406.33 million. MongoDB had a negative net margin of 11.70% and a negative return on equity of 20.64%. MongoDB’s revenue was up 29.8% on a year-over-year basis. During the same period in the previous year, the business posted ($1.23) EPS. Equities research analysts expect that MongoDB, Inc. will post -1.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On MongoDB

Institutional investors and hedge funds have recently bought and sold shares of the company. Simplicity Solutions LLC raised its stake in shares of MongoDB by 2.2% in the 2nd quarter. Simplicity Solutions LLC now owns 1,169 shares of the company’s stock valued at $480,000 after acquiring an additional 25 shares during the period. Insigneo Advisory Services LLC raised its stake in shares of MongoDB by 2.9% in the 3rd quarter. Insigneo Advisory Services LLC now owns 1,070 shares of the company’s stock valued at $370,000 after acquiring an additional 30 shares during the period. Yousif Capital Management LLC raised its stake in shares of MongoDB by 3.9% in the 4th quarter. Yousif Capital Management LLC now owns 792 shares of the company’s stock valued at $324,000 after acquiring an additional 30 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of MongoDB by 1.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,239 shares of the company’s stock valued at $920,000 after acquiring an additional 32 shares during the period. Finally, Veritable L.P. increased its stake in MongoDB by 1.4% during the 2nd quarter. Veritable L.P. now owns 2,321 shares of the company’s stock worth $954,000 after buying an additional 33 shares during the period. 88.89% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the stock. JMP Securities restated a “market outperform” rating and set a $440.00 price target on shares of MongoDB in a research report on Monday, January 22nd. Wells Fargo & Company assumed coverage on shares of MongoDB in a research report on Thursday, November 16th. They set an “overweight” rating and a $500.00 price target on the stock. DA Davidson restated a “neutral” rating and set a $405.00 price target on shares of MongoDB in a research report on Friday, January 26th. TheStreet upgraded shares of MongoDB from a “d+” rating to a “c-” rating in a research report on Friday, December 1st. Finally, Needham & Company LLC restated a “buy” rating and set a $495.00 price target on shares of MongoDB in a research report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $429.50.

Check Out Our Latest Report on MongoDB

About MongoDB

(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.

Further Reading

Insider Buying and Selling by Quarter for MongoDB (NASDAQ:MDB)

Receive News & Ratings for MongoDB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MongoDB and related companies with MarketBeat.com's FREE daily email newsletter.