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

MongoDB, Inc. (NASDAQ:MDB - Get Free Report) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 3,680,000 shares, an increase of 21.1% from the March 15th total of 3,040,000 shares. Based on an average daily trading volume, of 2,230,000 shares, the short-interest ratio is currently 1.7 days. Approximately 5.1% of the company's stock are sold short.

MongoDB Trading Up 6.5 %

MDB stock traded up $10.55 during trading on Thursday, reaching $173.21. 3,314,529 shares of the stock were exchanged, compared to its average volume of 1,836,436. The firm's 50 day moving average is $199.98 and its 200 day moving average is $250.32. The firm has a market cap of $14.06 billion, a P/E ratio of -63.22 and a beta of 1.49. MongoDB has a twelve month low of $140.78 and a twelve month high of $387.19.

MongoDB (NASDAQ:MDB - Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share 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 business had revenue of $548.40 million for the quarter, compared to the consensus estimate of $519.65 million. During the same quarter in the prior year, the business earned $0.86 EPS. As a group, analysts predict that MongoDB will post -1.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on MDB. Barclays cut their price objective on shares of MongoDB from $330.00 to $280.00 and set an "overweight" rating for the company in a report on Thursday, March 6th. Cantor Fitzgerald began coverage on MongoDB in a report on Wednesday, March 5th. They issued an "overweight" rating and a $344.00 price target on the stock. Wedbush decreased their price target on MongoDB from $360.00 to $300.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Rosenblatt Securities restated a "buy" rating and set a $350.00 price objective on shares of MongoDB in a report on Tuesday, March 4th. Finally, Wells Fargo & Company lowered shares of MongoDB from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $365.00 to $225.00 in a research report on Thursday, March 6th. Eight investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $297.28.

Insider Activity

In other MongoDB news, CEO Dev Ittycheria sold 8,335 shares of MongoDB stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $279.99, for a total value of $2,333,716.65. Following the completion of the transaction, the chief executive officer now directly owns 217,294 shares of the company's stock, valued at $60,840,147.06. This trade represents a 3.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Srdjan Tanjga sold 525 shares of MongoDB stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total value of $90,961.50. Following the sale, the chief financial officer now owns 6,406 shares of the company's stock, valued at approximately $1,109,903.56. This trade represents a 7.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,680 shares of company stock worth $10,819,027. Corporate insiders own 3.60% of the company's stock.

Institutional Trading of MongoDB

Hedge funds and other institutional investors have recently made changes to their positions in the stock. B.O.S.S. Retirement Advisors LLC bought a new position in MongoDB in the 4th quarter worth approximately $606,000. Union Bancaire Privee UBP SA purchased a new position in shares of MongoDB during the fourth quarter worth $3,515,000. HighTower Advisors LLC increased its holdings in MongoDB by 2.0% in the 4th quarter. HighTower Advisors LLC now owns 18,773 shares of the company's stock worth $4,371,000 after acquiring an additional 372 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in MongoDB by 428.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,755 shares of the company's stock valued at $1,340,000 after acquiring an additional 4,665 shares in the last quarter. Finally, Covea Finance purchased a new stake in MongoDB in the fourth quarter valued at $3,841,000. Hedge funds and other institutional investors own 89.29% of the company's stock.

About MongoDB

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.