MongoDB, Inc. (NASDAQ:MDB) Short Interest Down 22.2% in February

MongoDB, Inc. (NASDAQ:MDB) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 1,650,000 shares, a drop of 22.2% from the February 13th total of 2,120,000 shares. Currently, 2.3% of the company’s shares are short sold. Based on an average daily volume of 2,400,000 shares, the short-interest ratio is presently 0.7 days.

MongoDB Stock Up 5.6 %

Shares of MongoDB stock traded up $10.37 on Monday, hitting $195.74. 1,123,059 shares of the company’s stock traded hands, compared to its average volume of 1,688,619. The stock has a market cap of $14.58 billion, a P/E ratio of -71.54 and a beta of 1.30. The firm’s 50-day moving average is $256.72 and its 200 day moving average is $272.55. MongoDB has a 52-week low of $173.13 and a 52-week high of $387.19.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $519.65 million. During the same quarter last year, the business earned $0.86 earnings per share. Equities research analysts forecast that MongoDB will post -1.78 EPS for the current year.

Insider Buying and Selling

In other news, Director Hope F. Cochran sold 1,175 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $266.99, for a total value of $313,713.25. Following the completion of the transaction, the director now owns 17,570 shares of the company’s stock, valued at approximately $4,691,014.30. This trade represents a 6.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Dev Ittycheria sold 8,335 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $254.86, for a total transaction of $2,124,258.10. Following the completion of the transaction, the chief executive officer now directly owns 217,294 shares of the company’s stock, valued at approximately $55,379,548.84. The trade was a 3.69 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,314 shares of company stock worth $11,642,583. Insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On MongoDB

Large investors have recently added to or reduced their stakes in the stock. B.O.S.S. Retirement Advisors LLC acquired a new stake in MongoDB in the fourth quarter worth $606,000. Geode Capital Management LLC lifted its holdings in MongoDB by 2.9% in the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock worth $331,776,000 after purchasing an additional 34,814 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in MongoDB in the 3rd quarter valued at about $4,366,000. Charles Schwab Investment Management Inc. increased its stake in MongoDB by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock valued at $75,271,000 after buying an additional 7,575 shares during the period. Finally, Union Bancaire Privee UBP SA bought a new stake in shares of MongoDB during the 4th quarter worth about $3,515,000. 89.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on MDB. JMP Securities reaffirmed a “market outperform” rating and issued a $380.00 target price on shares of MongoDB in a report on Wednesday, December 11th. Mizuho boosted their price objective on shares of MongoDB from $275.00 to $320.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Needham & Company LLC dropped their price objective on shares of MongoDB from $415.00 to $270.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Bank of America dropped their price objective on shares of MongoDB from $420.00 to $286.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Finally, Royal Bank of Canada dropped their price objective on shares of MongoDB from $400.00 to $320.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $319.87.

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.