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

MongoDB, Inc. (NASDAQ:MDB) Director Dwight A. Merriman sold 820 shares of the stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $210.84, for a total transaction of $172,888.80. Following the transaction, the director now directly owns 1,106,186 shares in the company, valued at $233,228,256.24. This trade represents a 0.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

MongoDB Stock Up 0.3%

MDB stock opened at $209.92 on Friday. The firm has a market cap of $17.15 billion, a PE ratio of -184.14 and a beta of 1.39. The business has a 50 day moving average of $189.81 and a 200-day moving average of $218.26. MongoDB, Inc. has a 12-month low of $140.78 and a 12-month high of $370.00.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, beating 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 business had revenue of $549.01 million during the quarter, compared to analyst estimates of $527.49 million. During the same period in the prior year, the company earned $0.51 earnings per share. MongoDB’s revenue was up 21.8% compared to the same quarter last year. On average, research analysts expect that MongoDB, Inc. will post -1.78 earnings per share for the current year.

Hedge Funds Weigh In On MongoDB

Institutional investors and hedge funds have recently bought and sold shares of the company. Cloud Capital Management LLC bought a new position in shares of MongoDB in the first quarter worth $25,000. Hollencrest Capital Management purchased a new stake in shares of MongoDB in the first quarter worth $26,000. Cullen Frost Bankers Inc. raised its position in shares of MongoDB by 315.8% in the first quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company’s stock worth $28,000 after buying an additional 120 shares in the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in shares of MongoDB in the fourth quarter worth $29,000. Finally, Coppell Advisory Solutions LLC raised its position in shares of 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 institutional investors.

Analysts Set New Price Targets

MDB has been the topic of a number of research analyst reports. Mizuho cut their price objective on shares of MongoDB from $250.00 to $190.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 15th. Guggenheim increased their price objective on shares of MongoDB from $235.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, June 5th. Truist Financial cut their price objective on shares of MongoDB from $300.00 to $275.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Scotiabank upped their target price on shares of MongoDB from $160.00 to $230.00 and gave the stock a “sector perform” rating in a report on Thursday, June 5th. Finally, Redburn Atlantic upgraded shares of MongoDB from a “sell” rating to a “neutral” rating and set a $170.00 target price on the stock in a report on Thursday, April 17th. Eight research 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 company. Based on data from MarketBeat, MongoDB has an average 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.