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

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) Director Dwight A. Merriman sold 820 shares of the company's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $210.84, for a total value of $172,888.80. Following the completion of the transaction, the director now owns 1,106,186 shares in the company, valued at $233,228,256.24. This represents a 0.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

MongoDB Trading Up 0.3%

Shares of MDB stock traded up $0.72 during mid-day trading on Friday, reaching $209.92. The stock had a trading volume of 3,106,366 shares, compared to its average volume of 1,962,826. The firm has a market capitalization of $17.15 billion, a PE ratio of -184.14 and a beta of 1.39. The stock's 50-day moving average price is $189.81 and its two-hundred day moving average price is $218.26. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $370.00.

MongoDB (NASDAQ:MDB - Get Free Report) last posted its 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. The company had revenue of $549.01 million for the quarter, compared to analysts' expectations of $527.49 million. MongoDB had a negative return on equity of 3.16% and a negative net margin of 4.09%. MongoDB's quarterly revenue was up 21.8% on a year-over-year basis. During the same period last year, the firm earned $0.51 earnings per share. On average, equities research analysts forecast that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Hedge Funds Weigh In On MongoDB

Several hedge funds have recently made changes to their positions in the business. Cloud Capital Management LLC bought a new stake in MongoDB in the first quarter valued at $25,000. Hollencrest Capital Management bought a new stake in shares of MongoDB during the 1st quarter valued at about $26,000. Cullen Frost Bankers Inc. boosted its stake in shares of MongoDB by 315.8% during the 1st quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company's stock valued at $28,000 after purchasing an additional 120 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in shares of MongoDB during the fourth quarter valued at about $29,000. Finally, Coppell Advisory Solutions LLC raised its stake in MongoDB by 364.0% in the fourth quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company's stock worth $54,000 after buying an additional 182 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MDB has been the subject of several recent analyst reports. Wells Fargo & Company lowered MongoDB from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $365.00 to $225.00 in a report on Thursday, March 6th. Wedbush reissued an "outperform" rating and issued a $300.00 price target on shares of MongoDB in a research note on Thursday, June 5th. The Goldman Sachs Group lowered their price objective on shares of MongoDB from $390.00 to $335.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. Canaccord Genuity Group dropped their price objective on shares of MongoDB from $385.00 to $320.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Finally, Guggenheim increased their target price on MongoDB from $235.00 to $260.00 and gave the company a "buy" rating in a research note on Thursday, June 5th. Eight analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $282.47.

About MongoDB

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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