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

MongoDB, Inc. (NASDAQ:MDB) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 3,680,000 shares, a growth of 21.1% from the March 15th total of 3,040,000 shares. Approximately 5.1% of the shares of the company are short sold. Based on an average trading volume of 2,230,000 shares, the days-to-cover ratio is presently 1.7 days.

Insider Transactions at MongoDB

In other MongoDB news, CEO Dev Ittycheria sold 18,512 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total value of $3,207,389.12. Following the sale, the chief executive officer now owns 268,948 shares in the company, valued at approximately $46,597,930.48. This represents a 6.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Dwight A. Merriman sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $266.00, for a total transaction of $798,000.00. Following the sale, the director now directly owns 1,113,006 shares in the company, valued at $296,059,596. The trade was a 0.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,680 shares of company stock worth $11,084,027 over the last 90 days. 3.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On MongoDB

Hedge funds have recently bought and sold shares of the stock. Strategic Investment Solutions Inc. IL acquired a new stake in MongoDB in the fourth quarter valued at approximately $29,000. Hilltop National Bank increased its position in shares of MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after purchasing an additional 42 shares during the last quarter. NCP Inc. acquired a new stake in shares of MongoDB in the 4th quarter valued at $35,000. Versant Capital Management Inc lifted its position in shares of MongoDB by 1,100.0% during the 4th quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock worth $42,000 after purchasing an additional 165 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of MongoDB during the third quarter worth $44,000. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Trading Down 0.5 %

MongoDB stock traded down $0.78 during midday trading on Friday, reaching $159.26. 1,549,284 shares of the stock traded hands, compared to its average volume of 1,814,860. The firm has a market cap of $12.93 billion, a PE ratio of -58.12 and a beta of 1.49. The company has a 50-day simple moving average of $208.15 and a two-hundred day simple moving average of $252.42. MongoDB has a 12-month low of $140.78 and a 12-month 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 for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). The business had revenue of $548.40 million during the quarter, compared to analyst estimates of $519.65 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. During the same quarter last year, the firm posted $0.86 EPS. Equities research analysts anticipate that MongoDB will post -1.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on MDB shares. Rosenblatt Securities restated a “buy” rating and issued a $350.00 price target on shares of MongoDB in a research note on Tuesday, March 4th. Robert W. Baird reduced their target price on MongoDB from $390.00 to $300.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. China Renaissance started coverage on shares of MongoDB in a research note on Tuesday, January 21st. They issued a “buy” rating and a $351.00 price target on the stock. UBS Group set a $350.00 price objective on shares of MongoDB in a research report on Tuesday, March 4th. Finally, Canaccord Genuity Group dropped their target price on shares of MongoDB from $385.00 to $320.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Eight research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $299.78.

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.