MongoDB (NASDAQ:MDB) Stock Price Up 7.5%

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

Analyst Upgrades and Downgrades

A number of analysts have commented on MDB shares. Tigress Financial lifted their target price on shares of MongoDB from $495.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. JMP Securities reissued a “market outperform” rating and issued a $440.00 price target on shares of MongoDB in a report on Monday, January 22nd. Stifel Nicolaus reissued a “buy” rating and issued a $435.00 price target on shares of MongoDB in a report on Thursday, March 14th. Needham & Company LLC reissued a “buy” rating and issued a $465.00 price target on shares of MongoDB in a report on Tuesday, April 9th. Finally, Redburn Atlantic reissued a “sell” rating and issued a $295.00 price target (down previously from $410.00) on shares of MongoDB in a report on Tuesday, March 19th. Two analysts have rated the stock with a sell rating, three have given a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $443.86.

MongoDB Price Performance

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 $26.68 billion, a price-to-earnings ratio of -145.25 and a beta of 1.20. The business’s fifty day simple moving average is $387.85 and its 200 day simple moving average is $390.73.

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

Insiders Place Their Bets

In other news, CAO Thomas Bull sold 170 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total value of $59,180.40. Following the sale, the chief accounting officer now owns 17,360 shares of the company’s stock, valued at $6,043,363.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CAO Thomas Bull sold 170 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were 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 of the company’s stock, valued at $6,043,363.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $341.12, for a total transaction of $1,364,480.00. Following the transaction, the director now directly owns 1,156,784 shares of the company’s stock, valued at approximately $394,602,158.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 91,802 shares of company stock valued at $35,936,911. Company insiders own 4.80% of the company’s stock.

Hedge Funds Weigh In On MongoDB

Large investors have recently added to or reduced their stakes in the business. CWM LLC grew its holdings in shares of MongoDB by 8.2% in the third quarter. CWM LLC now owns 2,591 shares of the company’s stock worth $896,000 after purchasing an additional 196 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of MongoDB by 35.2% in the third quarter. IFP Advisors Inc now owns 1,494 shares of the company’s stock worth $517,000 after purchasing an additional 389 shares during the last quarter. HB Wealth Management LLC grew its holdings in shares of MongoDB by 10.3% in the third quarter. HB Wealth Management LLC now owns 640 shares of the company’s stock worth $221,000 after purchasing an additional 60 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of MongoDB by 74.7% in the third quarter. Exchange Traded Concepts LLC now owns 3,370 shares of the company’s stock worth $1,166,000 after purchasing an additional 1,441 shares during the last quarter. Finally, Oak Thistle LLC bought a new position in shares of MongoDB in the third quarter worth approximately $259,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

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.