Dwight A. Merriman Sells 820 Shares of MongoDB, Inc. (NASDAQ:MDB) Stock

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) Director Dwight A. Merriman sold 820 shares of the stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $210.84, for a total value of $172,888.80. Following the transaction, the director directly owned 1,106,186 shares in the company, valued at approximately $233,228,256.24. This represents a 0.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

MongoDB Stock Performance

Shares of NASDAQ MDB traded up $0.07 during midday trading on Monday, reaching $209.99. 1,662,683 shares of the company's stock were exchanged, compared to its average volume of 1,958,850. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $370.00. The business's fifty day moving average price is $191.99 and its two-hundred day moving average price is $216.25. The stock has a market capitalization of $17.16 billion, a PE ratio of -184.20 and a beta of 1.40.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its quarterly earnings data 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 return on equity of 3.16% and a negative net margin of 4.09%. The company had revenue of $549.01 million for the quarter, compared to the consensus estimate of $527.49 million. During the same period in the previous year, the business earned $0.51 EPS. MongoDB's revenue for the quarter was up 21.8% compared to the same quarter last year. Analysts predict that MongoDB, Inc. will post -1.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on the company. Loop Capital cut MongoDB from a "buy" rating to a "hold" rating and lowered their price target for the company from $350.00 to $190.00 in a report on Tuesday, May 20th. William Blair reaffirmed an "outperform" rating on shares of MongoDB in a research report on Thursday. Wedbush reaffirmed an "outperform" rating and set a $300.00 price target on shares of MongoDB in a research note on Thursday, June 5th. Truist Financial lowered their price objective on shares of MongoDB from $300.00 to $275.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Finally, Bank of America upped their price objective on MongoDB from $215.00 to $275.00 and gave the stock a "buy" rating in a report on Thursday, June 5th. Eight investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $282.47.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. grew its position in shares of MongoDB by 91.3% in the 4th quarter. First Horizon Advisors Inc. now owns 486 shares of the company's stock worth $113,000 after acquiring an additional 232 shares in the last quarter. IFP Advisors Inc increased its stake in MongoDB by 54.3% during the fourth quarter. IFP Advisors Inc now owns 1,632 shares of the company's stock valued at $380,000 after purchasing an additional 574 shares during the last quarter. Amalgamated Bank raised its holdings in shares of MongoDB by 1.9% during the fourth quarter. Amalgamated Bank now owns 4,713 shares of the company's stock worth $1,097,000 after purchasing an additional 89 shares during the period. Los Angeles Capital Management LLC bought a new position in MongoDB in the fourth quarter worth about $8,763,000. Finally, GenTrust LLC bought a new stake in shares of MongoDB in the 4th quarter worth approximately $4,446,000. 89.29% of the stock is owned by institutional investors and hedge funds.

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.