MongoDB, Inc. (NASDAQ:MDB – Get Free Report) Director Dwight A. Merriman sold 3,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $237.73, for a total transaction of $713,190.00. Following the transaction, the director now owns 1,117,006 shares in the company, valued at $265,545,836.38. This trade represents a 0.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

MongoDB Trading Up 2.6 %

MDB traded up $6.47 during midday trading on Monday, hitting $252.86. 1,932,889 shares of the company traded hands, compared to its average volume of 2,013,383. The company has a market capitalization of $18.83 billion, a price-to-earnings ratio of -92.28 and a beta of 1.25. The business has a 50 day simple moving average of $284.50 and a two-hundred day simple moving average of $268.59. MongoDB, Inc. has a 52-week low of $212.74 and a 52-week high of $509.62.

MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. During the same period last year, the company posted $0.96 EPS. MongoDB’s quarterly revenue was up 22.3% compared to the same quarter last year. Equities research analysts anticipate that MongoDB, Inc. will post -1.86 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MDB. Scotiabank raised their price target on MongoDB from $295.00 to $350.00 and gave the stock a “sector perform” rating in a research note on Tuesday, December 10th. Truist Financial reissued a “buy” rating and set a $400.00 price objective (up from $320.00) on shares of MongoDB in a report on Tuesday, December 10th. Macquarie assumed coverage on shares of MongoDB in a report on Thursday, December 12th. They issued a “neutral” rating and a $300.00 price target on the stock. DA Davidson raised their price objective on MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, Stifel Nicolaus boosted their target price on shares of MongoDB from $325.00 to $360.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $367.14.

Check Out Our Latest Research Report on MongoDB

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aigen Investment Management LP acquired a new stake in shares of MongoDB in the 3rd quarter worth $1,045,000. Geode Capital Management LLC raised its stake in MongoDB by 2.9% during the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock worth $331,776,000 after purchasing an additional 34,814 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in MongoDB in the 3rd quarter valued at about $4,366,000. Charles Schwab Investment Management Inc. grew its stake in shares of MongoDB by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock valued at $75,271,000 after buying an additional 7,575 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in shares of MongoDB during the 2nd quarter valued at approximately $1,860,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

MongoDB Company Profile

(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.

Recommended Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider MongoDB, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and MongoDB wasn’t on the list.

While MongoDB currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Click the link below and we’ll send you MarketBeat’s list of seven stocks and why their long-term outlooks are very promising.

Get This Free Report

Like this article? Share it with a colleague.

Link copied to clipboard.