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

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

MongoDB Trading Up 0.0%

NASDAQ MDB traded up $0.06 on Thursday, hitting $210.66. 2,180,893 shares of the stock traded hands, compared to its average volume of 1,956,301. The company has a market capitalization of $17.10 billion, a P/E ratio of -76.88 and a beta of 1.39. The stock has a 50-day moving average of $179.38 and a 200 day moving average of $227.94. MongoDB, Inc. has a twelve month low of $140.78 and a twelve month high of $370.00.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.35. The firm had revenue of $549.01 million for the quarter, compared to analyst estimates of $527.49 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. MongoDB's quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 earnings per share. As a group, equities research analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Hedge Funds Weigh In On MongoDB

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

Wall Street Analyst Weigh In

MDB has been the subject of a number of research reports. Rosenblatt Securities lowered their price target on MongoDB from $305.00 to $290.00 and set a "buy" rating for the company in a research report on Thursday, June 5th. Truist Financial decreased their target price on MongoDB from $300.00 to $275.00 and set a "buy" rating for the company in a report on Monday, March 31st. Oppenheimer cut their price target on shares of MongoDB from $400.00 to $330.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Loop Capital cut shares of MongoDB from a "buy" rating to a "hold" rating and reduced their price target for the company from $350.00 to $190.00 in a research report on Tuesday, May 20th. Finally, Wells Fargo & Company lowered shares of MongoDB from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $365.00 to $225.00 in a research report on Thursday, March 6th. Eight research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $282.47.

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.