Mongodb (NASDAQ:MDB) Shares Up 5.9%

Mongodb Inc (NASDAQ:MDB)’s share price shot up 5.9% during mid-day trading on Wednesday . The stock traded as high as $161.77 and last traded at $160.79, 1,912,650 shares were traded during trading. An increase of 28% from the average session volume of 1,494,043 shares. The stock had previously closed at $151.79.

Several brokerages recently issued reports on MDB. Monness Crespi & Hardt reiterated a “buy” rating and set a $185.00 price target (up previously from $150.00) on shares of Mongodb in a report on Thursday, June 6th. Nomura set a $76.00 price target on Mongodb and gave the stock a “sell” rating in a report on Wednesday, June 19th. DA Davidson began coverage on Nomad Foods in a report on Wednesday, June 19th. They set a “buy” rating and a $26.00 price target for the company. Needham & Company LLC reiterated a “buy” rating and set a $159.00 price target (up previously from $130.00) on shares of Mongodb in a report on Tuesday, June 4th. Finally, Citigroup set a $27.00 price target on StoneCo and gave the stock a “hold” rating in a report on Friday, May 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $154.15.

The firm has a market cap of $8.40 billion, a PE ratio of -93.48 and a beta of 0.16. The company has a current ratio of 3.18, a quick ratio of 3.18 and a debt-to-equity ratio of 0.93. The stock’s 50 day simple moving average is $156.62.



Mongodb (NASDAQ:MDB) last announced its quarterly earnings data on Wednesday, June 5th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.02. The firm had revenue of $89.40 million during the quarter, compared to the consensus estimate of $83.50 million. Mongodb had a negative return on equity of 44.47% and a negative net margin of 39.68%. The business’s revenue for the quarter was up 78.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.43) EPS. Sell-side analysts anticipate that Mongodb Inc will post -2.07 EPS for the current year.

In other news, CEO Dev Ittycheria sold 19,600 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $134.21, for a total transaction of $2,630,516.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas Bull sold 466 shares of the stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $145.62, for a total value of $67,858.92. The disclosure for this sale can be found here. Insiders sold a total of 279,605 shares of company stock valued at $42,005,609 in the last 90 days. Corporate insiders own 25.08% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund purchased a new stake in shares of Mongodb in the 2nd quarter valued at about $1,992,000. Cardan Capital Partners LLC raised its holdings in shares of Mongodb by 3.8% in the 2nd quarter. Cardan Capital Partners LLC now owns 21,792 shares of the company’s stock valued at $3,314,000 after acquiring an additional 798 shares in the last quarter. IFM Investors Pty Ltd purchased a new stake in shares of Mongodb in the 2nd quarter valued at about $321,000. Oregon Public Employees Retirement Fund raised its holdings in shares of Mongodb by 52.8% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 9,800 shares of the company’s stock valued at $1,490,000 after acquiring an additional 3,385 shares in the last quarter. Finally, Xact Kapitalforvaltning AB raised its holdings in shares of Mongodb by 45.7% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 5,100 shares of the company’s stock valued at $776,000 after acquiring an additional 1,600 shares in the last quarter. Institutional investors own 65.56% of the company’s stock.

About Mongodb (NASDAQ:MDB)

MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

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