MongoDB (NASDAQ:MDB) Shares Down 4.1%

MongoDB, Inc. (NASDAQ:MDBGet Free Report) shares traded down 4.1% on Thursday . The stock traded as low as $318.33 and last traded at $320.42. 386,822 shares traded hands during trading, a decline of 70% from the average session volume of 1,291,495 shares. The stock had previously closed at $333.99.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Bank of America reduced their price objective on MongoDB from $500.00 to $470.00 and set a “buy” rating for the company in a research note on Friday, May 17th. Monness Crespi & Hardt raised MongoDB to a “hold” rating in a research note on Tuesday. Needham & Company LLC reissued a “buy” rating and set a $465.00 price objective on shares of MongoDB in a research note on Friday, May 3rd. Redburn Atlantic reissued a “sell” rating and set a $295.00 price objective (down from $410.00) on shares of MongoDB in a research note on Tuesday, March 19th. Finally, Loop Capital assumed coverage on MongoDB in a report on Tuesday, April 23rd. They set a “buy” rating and a $415.00 price target on the stock. Two analysts have rated the stock with a sell rating, four have issued a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $444.57.

Read Our Latest Analysis on MDB

MongoDB Trading Down 5.5 %

The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07. The company has a 50 day moving average of $356.71 and a 200-day moving average of $392.33.

MongoDB (NASDAQ:MDBGet Free Report) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing the consensus estimate of ($0.71) by ($0.32). The firm had revenue of $458.00 million for the quarter, compared to the consensus estimate of $431.99 million. MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. As a group, analysts anticipate that MongoDB, Inc. will post -2.53 EPS for the current fiscal year.

Insider Buying and Selling at MongoDB

In other news, CEO Dev Ittycheria sold 17,160 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $348.11, for a total value of $5,973,567.60. Following the sale, the chief executive officer now directly owns 226,073 shares of the company’s stock, valued at approximately $78,698,272.03. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CAO Thomas Bull sold 170 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total value of $59,180.40. Following the sale, the chief accounting officer now directly owns 17,360 shares of the company’s stock, valued at approximately $6,043,363.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Dev Ittycheria sold 17,160 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $348.11, for a total transaction of $5,973,567.60. Following the completion of the transaction, the chief executive officer now owns 226,073 shares of the company’s stock, valued at $78,698,272.03. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,802 shares of company stock valued at $16,514,071. 3.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On MongoDB

A number of hedge funds have recently added to or reduced their stakes in MDB. Quadrant Capital Group LLC raised its stake in MongoDB by 5.6% during the 4th quarter. Quadrant Capital Group LLC now owns 412 shares of the company’s stock valued at $168,000 after buying an additional 22 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in MongoDB by 12.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 226 shares of the company’s stock valued at $92,000 after buying an additional 25 shares during the last quarter. Insigneo Advisory Services LLC raised its stake in MongoDB by 2.9% during the 3rd quarter. Insigneo Advisory Services LLC now owns 1,070 shares of the company’s stock valued at $370,000 after buying an additional 30 shares during the last quarter. Yousif Capital Management LLC raised its stake in MongoDB by 3.9% during the 4th quarter. Yousif Capital Management LLC now owns 792 shares of the company’s stock valued at $324,000 after buying an additional 30 shares during the last quarter. Finally, Valley National Advisers Inc. raised its stake in MongoDB by 5.9% during the 4th quarter. Valley National Advisers Inc. now owns 597 shares of the company’s stock valued at $244,000 after buying an additional 33 shares during the last quarter. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

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.

Featured Articles

Receive News & Ratings for MongoDB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MongoDB and related companies with MarketBeat.com's FREE daily email newsletter.