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Dwight A. Merriman Sells 1000 Shares of MongoDB, Inc. (NASDAQ:MDB) Stock

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Posted on mongodb google news. Visit mongodb google news

MongoDB, Inc. (NASDAQ:MDBGet Free Report) Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $245.00, for a total transaction of $245,000.00. Following the sale, the director now directly owns 1,146,003 shares of the company’s stock, valued at approximately $280,770,735. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

MongoDB Stock Performance

NASDAQ MDB opened at $249.96 on Friday. The company has a current ratio of 4.93, a quick ratio of 4.93 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $18.33 billion, a price-to-earnings ratio of -88.95 and a beta of 1.13. The firm’s 50 day simple moving average is $304.59 and its 200 day simple moving average is $366.44. MongoDB, Inc. has a 1 year low of $214.74 and a 1 year high of $509.62.

MongoDB (NASDAQ:MDBGet Free Report) last issued its quarterly earnings data on Thursday, May 30th. The company reported ($0.80) EPS for the quarter, meeting the consensus estimate of ($0.80). The business had revenue of $450.56 million during the quarter, compared to the consensus estimate of $438.44 million. MongoDB had a negative net margin of 11.50% and a negative return on equity of 14.88%. As a group, research analysts expect that MongoDB, Inc. will post -2.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on MDB shares. Piper Sandler lowered their target price on shares of MongoDB from $480.00 to $350.00 and set an “overweight” rating for the company in a report on Friday, May 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $290.00 target price on shares of MongoDB in a report on Thursday, June 13th. Stifel Nicolaus lowered their target price on shares of MongoDB from $435.00 to $300.00 and set a “buy” rating for the company in a report on Friday, May 31st. Monness Crespi & Hardt raised shares of MongoDB to a “hold” rating in a report on Tuesday, May 28th. Finally, Loop Capital decreased their price target on shares of MongoDB from $415.00 to $315.00 and set a “buy” rating for the company in a report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $361.30.

Read Our Latest Analysis on MDB

Hedge Funds Weigh In On MongoDB

Several institutional investors and hedge funds have recently added to or reduced their stakes in MDB. Norges Bank bought a new position in MongoDB in the 4th quarter valued at approximately $326,237,000. Jennison Associates LLC lifted its stake in MongoDB by 14.3% in the 1st quarter. Jennison Associates LLC now owns 4,408,424 shares of the company’s stock valued at $1,581,037,000 after purchasing an additional 551,567 shares during the last quarter. Axiom Investors LLC DE bought a new position in MongoDB in the 4th quarter valued at approximately $153,990,000. Swedbank AB bought a new position in MongoDB in the 1st quarter valued at approximately $91,915,000. Finally, Clearbridge Investments LLC raised its stake in shares of MongoDB by 109.0% during the first quarter. Clearbridge Investments LLC now owns 445,084 shares of the company’s stock valued at $159,625,000 after acquiring an additional 232,101 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

About MongoDB

(Get Free Report)

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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Article originally posted on mongodb google news. Visit mongodb google news

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