MongoDB (NASDAQ:MDB) Trading 7.5% Higher

MongoDB, Inc. (NASDAQ:MDB - Get Free Report)'s share price shot up 7.5% during trading on Tuesday . The stock traded as high as $366.93 and last traded at $365.70. 1,150,812 shares were traded during trading, a decline of 16% from the average session volume of 1,377,160 shares. The stock had previously closed at $340.16.

Analyst Ratings Changes

Several research firms have recently commented on MDB. DA Davidson upgraded shares of MongoDB from a "neutral" rating to a "buy" rating and boosted their price target for the company from $405.00 to $430.00 in a report on Friday, March 8th. UBS Group restated a "neutral" rating and set a $410.00 price target (down from $475.00) on shares of MongoDB in a report on Thursday, January 4th. Redburn Atlantic restated a "sell" rating and set a $295.00 price target (down from $410.00) on shares of MongoDB in a report on Tuesday, March 19th. Stifel Nicolaus reaffirmed a "buy" rating and issued a $435.00 price objective on shares of MongoDB in a research note on Thursday, March 14th. Finally, Tigress Financial lifted their price objective on shares of MongoDB from $495.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, March 28th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, MongoDB presently has a consensus rating of "Moderate Buy" and a consensus price target of $443.86.

MongoDB Price Performance

The stock's 50-day moving average price is $385.74 and its 200 day moving average price is $390.82. The firm has a market cap of $26.68 billion, a price-to-earnings ratio of -147.71 and a beta of 1.20. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07.

MongoDB (NASDAQ:MDB - Get Free Report) last announced its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing analysts' consensus estimates of ($0.71) by ($0.32). The company 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%. Equities research analysts predict that MongoDB, Inc. will post -2.53 earnings per share for the current year.

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 2,000 shares of the company's stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $365.00, for a total value of $730,000.00. Following the sale, the director now owns 1,154,784 shares of the company's stock, valued at $421,496,160. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Dwight A. Merriman sold 2,000 shares of the company's stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $365.00, for a total value of $730,000.00. Following the sale, the director now owns 1,154,784 shares of the company's stock, valued at $421,496,160. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 6,000 shares of the company's stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $437.99, for a total transaction of $2,627,940.00. Following the completion of the sale, the director now directly owns 1,168,784 shares in the company, valued at approximately $511,915,704.16. The disclosure for this sale can be found here. Insiders have sold a total of 91,802 shares of company stock valued at $35,936,911 over the last quarter. 4.80% of the stock is owned by company insiders.

Institutional Trading of MongoDB

Large investors have recently added to or reduced their stakes in the company. Transcendent Capital Group LLC bought a new stake in MongoDB during the fourth quarter worth about $25,000. Blue Trust Inc. grew its stake in shares of MongoDB by 937.5% during the fourth quarter. Blue Trust Inc. now owns 83 shares of the company's stock valued at $34,000 after purchasing an additional 75 shares during the last quarter. BluePath Capital Management LLC bought a new stake in shares of MongoDB during the third quarter valued at approximately $30,000. AM Squared Ltd bought a new stake in shares of MongoDB during the third quarter valued at approximately $35,000. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of MongoDB during the third quarter valued at approximately $35,000. 89.29% of the stock is owned by institutional investors.

About MongoDB

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.