Mongodb (MDB) Shares Down 7.3%

Shares of Mongodb Inc (NASDAQ:MDB) traded down 7.3% on Friday . The company traded as low as $72.00 and last traded at $75.42. 1,671,627 shares traded hands during mid-day trading, an increase of 110% from the average session volume of 794,981 shares. The stock had previously closed at $81.35.

A number of analysts have weighed in on the company. Zacks Investment Research lowered Mongodb from a “hold” rating to a “sell” rating in a research note on Wednesday, September 12th. Citigroup increased their target price on Mongodb from $56.00 to $86.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 11th. Barclays increased their target price on Mongodb from $79.00 to $105.00 and gave the stock an “overweight” rating in a research note on Monday, September 17th. They noted that the move was a valuation call. BTIG Research assumed coverage on Mongodb in a research note on Wednesday, September 12th. They issued a “neutral” rating on the stock. Finally, Nomura lowered Mongodb from a “neutral” rating to a “reduce” rating and increased their target price for the stock from $43.00 to $63.00 in a research note on Tuesday, October 2nd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $71.87.

The company has a debt-to-equity ratio of 1.01, a current ratio of 3.74 and a quick ratio of 3.74. The stock has a market capitalization of $3.97 billion and a PE ratio of -43.34.

Mongodb (NASDAQ:MDB) last posted its quarterly earnings results on Wednesday, September 5th. The company reported ($0.41) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.04. Mongodb had a negative return on equity of 52.67% and a negative net margin of 57.74%. The business had revenue of $57.50 million for the quarter, compared to the consensus estimate of $51.75 million. The business’s revenue was up 61.5% compared to the same quarter last year. Equities analysts anticipate that Mongodb Inc will post -2.27 earnings per share for the current year.

In other news, CEO Dev Ittycheria sold 19,600 shares of the stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $80.30, for a total transaction of $1,573,880.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Thomas Bull sold 5,069 shares of the stock in a transaction on Tuesday, October 2nd. The stock was sold at an average price of $75.72, for a total value of $383,824.68. The disclosure for this sale can be found here. Insiders have sold a total of 336,283 shares of company stock worth $26,563,399 in the last three months. Corporate insiders own 40.04% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Truvestments Capital LLC bought a new stake in Mongodb during the third quarter valued at about $106,000. TRUE Private Wealth Advisors bought a new stake in Mongodb during the third quarter valued at about $182,000. Private Advisor Group LLC bought a new stake in Mongodb during the third quarter valued at about $216,000. Regis Management CO LLC bought a new stake in Mongodb during the second quarter valued at about $148,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in Mongodb during the third quarter valued at about $252,000. 42.00% of the stock is currently owned by institutional investors and hedge funds.

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Mongodb Company Profile (NASDAQ:MDB)

MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

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