MongoDB, Inc. (NASDAQ:MDB) Short Interest Update

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 3,040,000 shares, a growth of 84.2% from the February 28th total of 1,650,000 shares. Approximately 4.2% of the shares of the company are short sold. Based on an average trading volume of 2,160,000 shares, the days-to-cover ratio is currently 1.4 days.

MongoDB Stock Performance

MDB stock traded up $6.11 during trading on Wednesday, hitting $182.72. The stock had a trading volume of 1,447,169 shares, compared to its average volume of 1,737,964. The stock has a market cap of $14.83 billion, a price-to-earnings ratio of -66.69 and a beta of 1.30. The company's 50 day moving average price is $242.38 and its two-hundred day moving average price is $264.31. MongoDB has a 1-year low of $170.66 and a 1-year high of $387.19.

MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.64 by ($0.45). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The firm had revenue of $548.40 million for the quarter, compared to analyst estimates of $519.65 million. During the same quarter in the previous year, the company earned $0.86 earnings per share. As a group, sell-side analysts forecast that MongoDB will post -1.78 earnings per share for the current fiscal year.

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Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. KeyCorp cut shares of MongoDB from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 5th. Barclays decreased their price objective on MongoDB from $330.00 to $280.00 and set an "overweight" rating for the company in a research note on Thursday, March 6th. Guggenheim raised MongoDB from a "neutral" rating to a "buy" rating and set a $300.00 target price on the stock in a report on Monday, January 6th. Cantor Fitzgerald began coverage on shares of MongoDB in a report on Wednesday, March 5th. They issued an "overweight" rating and a $344.00 target price for the company. Finally, Stifel Nicolaus cut their price target on MongoDB from $425.00 to $340.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. Seven investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $312.84.

Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 3,000 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $270.63, for a total transaction of $811,890.00. Following the completion of the sale, the director now owns 1,109,006 shares of the company's stock, valued at $300,130,293.78. This represents a 0.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael Lawrence Gordon sold 1,245 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $291,442.05. Following the completion of the sale, the chief financial officer now owns 79,062 shares of the company's stock, valued at approximately $18,507,623.58. The trade was a 1.55 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,139 shares of company stock valued at $11,328,869. 3.60% of the stock is owned by company insiders.

Institutional Trading of MongoDB

Institutional investors have recently modified their holdings of the company. OneDigital Investment Advisors LLC grew its stake in MongoDB by 3.9% during the fourth quarter. OneDigital Investment Advisors LLC now owns 1,044 shares of the company's stock worth $243,000 after buying an additional 39 shares during the period. Hilltop National Bank boosted its position in MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company's stock worth $30,000 after purchasing an additional 42 shares during the period. Avestar Capital LLC increased its holdings in MongoDB by 2.0% in the 4th quarter. Avestar Capital LLC now owns 2,165 shares of the company's stock valued at $504,000 after purchasing an additional 42 shares in the last quarter. Aigen Investment Management LP boosted its position in shares of MongoDB by 1.4% in the fourth quarter. Aigen Investment Management LP now owns 3,921 shares of the company's stock worth $913,000 after buying an additional 55 shares during the period. Finally, Perigon Wealth Management LLC raised its holdings in shares of MongoDB by 2.7% during the 4th quarter. Perigon Wealth Management LLC now owns 2,528 shares of the company's stock valued at $627,000 after buying an additional 66 shares during the period. Hedge funds and other institutional investors own 89.29% of the company's stock.

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.