Mongodb (NASDAQ:MDB) Trading Down 5.6%

Shares of Mongodb Inc (NASDAQ:MDB) traded down 5.6% during mid-day trading on Tuesday . The company traded as low as $122.19 and last traded at $124.02, 1,927,437 shares changed hands during trading. An increase of 27% from the average session volume of 1,517,587 shares. The stock had previously closed at $131.35.

Several equities research analysts recently weighed in on the stock. Oppenheimer increased their target price on shares of Mongodb from $160.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, June 19th. KeyCorp set a $188.00 target price on shares of Mongodb and gave the company a “buy” rating in a research note on Wednesday, September 4th. Nomura set a $76.00 target price on shares of Mongodb and gave the company a “sell” rating in a research note on Wednesday, June 19th. Stifel Nicolaus increased their target price on shares of Mongodb from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. Finally, Barclays reiterated a “buy” rating on shares of Mongodb in a research note on Friday, September 6th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $159.57.

The company has a debt-to-equity ratio of 0.97, a current ratio of 2.82 and a quick ratio of 2.82. The company’s 50 day moving average is $140.77 and its two-hundred day moving average is $144.01. The firm has a market cap of $7.40 billion, a P/E ratio of -72.10 and a beta of 0.15.



Mongodb (NASDAQ:MDB) last posted its quarterly earnings results on Wednesday, September 4th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.51) by ($0.07). Mongodb had a negative return on equity of 43.95% and a negative net margin of 36.58%. The business had revenue of $99.40 million during the quarter, compared to analyst estimates of $91.70 million. During the same period last year, the company earned ($0.41) EPS. The business’s revenue for the quarter was up 66.8% on a year-over-year basis. Research analysts predict that Mongodb Inc will post -2.24 EPS for the current year.

In related news, Director Charles M. Hazard, Jr. sold 2,017 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $148.24, for a total value of $299,000.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas Bull sold 5,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $129.25, for a total transaction of $646,250.00. Insiders sold 233,620 shares of company stock valued at $34,095,234 in the last three months. Company insiders own 25.08% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Stephens Inc. AR acquired a new stake in shares of Mongodb during the second quarter worth approximately $297,000. Cubist Systematic Strategies LLC increased its holdings in shares of Mongodb by 91.8% during the second quarter. Cubist Systematic Strategies LLC now owns 68,840 shares of the company’s stock worth $10,470,000 after buying an additional 32,940 shares in the last quarter. First Republic Investment Management Inc. acquired a new stake in shares of Mongodb during the second quarter worth approximately $206,000. KBC Group NV acquired a new stake in shares of Mongodb during the second quarter worth approximately $6,803,000. Finally, Invictus RG increased its holdings in shares of Mongodb by 12.5% during the second quarter. Invictus RG now owns 4,386 shares of the company’s stock worth $667,000 after buying an additional 488 shares in the last quarter. 71.66% of the stock is owned by hedge funds and other institutional investors.

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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