MongoDB (NASDAQ:MDB) Shares Gap Up to $366.13

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $366.13, but opened at $382.44. MongoDB shares last traded at $380.18, with a volume of 333,939 shares traded.

Analyst Ratings Changes

Several analysts have recently commented on the stock. UBS Group restated a "neutral" rating and set a $410.00 price objective (down from $475.00) on shares of MongoDB in a research report on Thursday, January 4th. JMP Securities restated a "market outperform" rating and set a $440.00 price objective on shares of MongoDB in a research report on Monday, January 22nd. Loop Capital assumed coverage on shares of MongoDB in a research report on Tuesday. They set a "buy" rating and a $415.00 price objective on the stock. Stifel Nicolaus restated a "buy" rating and set a $435.00 price objective on shares of MongoDB in a research report on Thursday, March 14th. Finally, KeyCorp decreased their price objective on shares of MongoDB from $490.00 to $440.00 and set an "overweight" rating on the stock in a research report on Thursday, April 18th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and twenty have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $443.86.

MongoDB Stock Up 4.8 %

The business's fifty day moving average is $379.60 and its two-hundred day moving average is $390.67. The company has a market cap of $27.95 billion, a P/E ratio of -154.76 and a beta of 1.19. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.40 and a current ratio of 4.40.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $458.00 million for the quarter, compared to the consensus estimate of $431.99 million. Equities analysts predict that MongoDB, Inc. will post -2.53 EPS for the current year.

Insider Activity

In other news, CAO Thomas Bull sold 170 shares of the business's stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total value 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $404.20, for a total value of $404,200.00. Following the transaction, the director now owns 527,896 shares of the company's stock, valued at approximately $213,375,563.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Thomas Bull sold 170 shares of MongoDB 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 directly owns 17,360 shares in the company, valued at approximately $6,043,363.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 91,802 shares of company stock worth $35,936,911. 4.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Transcendent Capital Group LLC purchased a new stake in MongoDB during the 4th quarter worth approximately $25,000. BluePath Capital Management LLC purchased a new stake in MongoDB during the 3rd quarter worth approximately $30,000. Blue Trust Inc. grew its position in MongoDB by 937.5% during the 4th quarter. Blue Trust Inc. now owns 83 shares of the company's stock worth $34,000 after purchasing an additional 75 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in MongoDB during the 3rd quarter worth approximately $35,000. Finally, AM Squared Ltd purchased a new stake in MongoDB during the 3rd quarter worth approximately $35,000. 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.