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

MongoDB, Inc. (NASDAQ:MDB) shares gapped up before the market opened 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.

Wall Street Analyst Weigh In

MDB has been the subject of several research reports. UBS Group reiterated a “neutral” rating and set a $410.00 price target (down from $475.00) on shares of MongoDB in a research report on Thursday, January 4th. Needham & Company LLC restated a “buy” rating and issued a $465.00 target price on shares of MongoDB in a report on Thursday. JMP Securities restated a “market outperform” rating and issued a $440.00 target price on shares of MongoDB in a report on Monday, January 22nd. Guggenheim upped their target price on MongoDB from $250.00 to $272.00 and gave the company a “sell” rating in a report on Monday, March 4th. Finally, DA Davidson upgraded MongoDB from a “neutral” rating to a “buy” rating and upped their target price for the company from $405.00 to $430.00 in a report on Friday, March 8th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and an average target price of $443.86.

MongoDB Trading Up 4.8 %

The firm has a market cap of $27.95 billion, a PE ratio of -154.76 and a beta of 1.19. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 1.07. The business has a fifty day moving average price of $379.60 and a 200 day moving average price of $390.90.

MongoDB (NASDAQ:MDB) last released 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 for the quarter, compared to analysts’ expectations of $431.99 million. MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. Analysts forecast that MongoDB, Inc. will post -2.53 EPS for the current year.

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 4,000 shares of MongoDB stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $341.12, for a total value of $1,364,480.00. Following the transaction, the director now directly owns 1,156,784 shares in the company, valued at approximately $394,602,158.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Dwight A. Merriman sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $341.12, for a total value of $1,364,480.00. Following the completion of the sale, the director now directly owns 1,156,784 shares of the company’s stock, valued at approximately $394,602,158.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Thomas Bull sold 170 shares of the firm’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 value of $59,180.40. Following the completion of the sale, 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. In the last ninety days, insiders have sold 91,802 shares of company stock worth $35,936,911. 4.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MongoDB

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Transcendent Capital Group LLC purchased a new position in MongoDB during the fourth quarter worth $25,000. BluePath Capital Management LLC purchased a new position in MongoDB during the third quarter worth $30,000. Blue Trust Inc. increased its position in MongoDB by 937.5% during the fourth quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after buying an additional 75 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in MongoDB during the third quarter worth $35,000. Finally, AM Squared Ltd purchased a new position in MongoDB during the third quarter worth $35,000. 89.29% of the stock is owned by institutional investors and hedge funds.

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.