MongoDB (NASDAQ:MDB) Shares Down 2.9%

MongoDB, Inc. (NASDAQ:MDB - Get Free Report)'s stock price dropped 2.9% during mid-day trading on Monday . The company traded as low as $370.22 and last traded at $372.62. Approximately 291,808 shares traded hands during trading, a decline of 79% from the average daily volume of 1,369,759 shares. The stock had previously closed at $383.80.

Wall Street Analyst Weigh In

MDB has been the subject of several analyst reports. Needham & Company LLC restated a "buy" rating and set a $465.00 target price on shares of MongoDB in a report on Thursday. KeyCorp cut their target price on shares of MongoDB from $490.00 to $440.00 and set an "overweight" rating on the stock in a report on Thursday, April 18th. Redburn Atlantic reiterated 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. Guggenheim increased their price target on shares of MongoDB from $250.00 to $272.00 and gave the company a "sell" rating in a research report on Monday, March 4th. Finally, Tigress Financial boosted their price objective on shares of MongoDB from $495.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, March 28th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, MongoDB currently has a consensus rating of "Moderate Buy" and an average target price of $443.86.

MongoDB Stock Down 3.1 %

The firm has a market capitalization of $27.09 billion, a P/E ratio of -149.98 and a beta of 1.19. The company has a fifty day simple moving average of $379.60 and a 200 day simple moving average of $391.08. 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 results 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 firm had revenue of $458.00 million during the quarter, compared to the consensus estimate of $431.99 million. MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. On average, equities analysts expect that MongoDB, Inc. will post -2.53 EPS for the current fiscal year.

Insider Activity at MongoDB

In other news, CRO Cedric Pech sold 1,430 shares of the business's stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $348.11, for a total value of $497,797.30. Following the completion of the transaction, the executive now owns 45,444 shares in the company, valued at $15,819,510.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CRO Cedric Pech sold 1,430 shares of the firm's stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $348.11, for a total transaction of $497,797.30. Following the sale, the executive now owns 45,444 shares of the company's stock, valued at approximately $15,819,510.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction, the chief accounting officer now directly owns 17,360 shares of the company's stock, valued at $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.

Hedge Funds Weigh In On MongoDB

A number of institutional investors and hedge funds have recently modified their holdings of the company. Transcendent Capital Group LLC bought a new stake in MongoDB during the fourth quarter valued at about $25,000. Blue Trust Inc. grew its stake in shares of MongoDB by 937.5% during the 4th quarter. Blue Trust Inc. now owns 83 shares of the company's stock valued at $34,000 after acquiring an additional 75 shares during the period. BluePath Capital Management LLC purchased a new stake in MongoDB in the 3rd quarter worth approximately $30,000. AM Squared Ltd bought a new stake in MongoDB during the 3rd quarter worth approximately $35,000. Finally, Cullen Frost Bankers Inc. purchased a new position in MongoDB during the third quarter valued at approximately $35,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

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.