MongoDB (NASDAQ:MDB) Trading Up 7.5%

MongoDB, Inc. (NASDAQ:MDB) rose 7.5% on Tuesday . The company traded as high as $366.93 and last traded at $365.70. Approximately 1,150,812 shares traded hands during trading, a decline of 16% from the average daily volume of 1,377,160 shares. The stock had previously closed at $340.16.

Analyst Ratings Changes

MDB has been the topic of several recent research reports. Truist Financial upped their price target on MongoDB from $440.00 to $500.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. UBS Group restated a “neutral” rating and issued a $410.00 price objective (down from $475.00) on shares of MongoDB in a report on Thursday, January 4th. Redburn Atlantic reiterated a “sell” rating and set a $295.00 target price (down from $410.00) on shares of MongoDB in a research note on Tuesday, March 19th. KeyCorp decreased their price target on MongoDB from $490.00 to $440.00 and set an “overweight” rating for the company in a research note on Thursday, April 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $465.00 price objective on shares of MongoDB in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $443.86.

MongoDB Trading Down 0.9 %

The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40. The firm has a market capitalization of $26.67 billion, a PE ratio of -147.63 and a beta of 1.19. The stock’s 50-day moving average price is $381.23 and its 200 day moving average price is $390.50.

MongoDB (NASDAQ:MDB) last issued its earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. The firm had revenue of $458.00 million for the quarter, compared to the consensus estimate of $431.99 million. On average, sell-side analysts expect that MongoDB, Inc. will post -2.53 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CAO Thomas Bull sold 170 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total transaction of $59,180.40. Following the completion of the sale, the chief accounting officer now owns 17,360 shares in the company, valued at approximately $6,043,363.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Michael Lawrence Gordon sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $469.84, for a total value of $4,698,400.00. Following the sale, the chief financial officer now owns 70,985 shares in the company, valued at $33,351,592.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Thomas Bull sold 170 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total transaction of $59,180.40. Following the completion of the transaction, the chief accounting officer now owns 17,360 shares in the company, valued at approximately $6,043,363.20. The disclosure for this sale can be found here. Insiders sold 91,802 shares of company stock valued at $35,936,911 over the last 90 days. Corporate insiders own 4.80% of the company’s stock.

Institutional Trading of MongoDB

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Transcendent Capital Group LLC purchased a new stake in MongoDB in the 4th quarter worth approximately $25,000. Blue Trust Inc. boosted its holdings in MongoDB by 937.5% during the fourth quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after buying an additional 75 shares in the last quarter. BluePath Capital Management LLC acquired a new stake in MongoDB during the third quarter valued at $30,000. AM Squared Ltd purchased a new position in MongoDB in the third quarter valued at $35,000. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of MongoDB in the third quarter worth about $35,000. 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.