Shares of Mongodb Inc (NASDAQ:MDB) were down 5.8% on Monday . The company traded as low as $127.31 and last traded at $127.84. Approximately 1,008,559 shares traded hands during mid-day trading, a decline of 28% from the average daily volume of 1,402,548 shares. The stock had previously closed at $135.70.

A number of analysts have recently weighed in on MDB shares. Canaccord Genuity boosted their target price on shares of Mongodb from $95.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, March 14th. Barclays boosted their target price on shares of Mongodb from $143.00 to $178.00 and gave the stock an “overweight” rating in a report on Wednesday. DA Davidson restated a “neutral” rating on shares of Mongodb in a report on Thursday, March 14th. JMP Securities reaffirmed a “hold” rating on shares of Mongodb in a research note on Wednesday, March 13th. Finally, Zacks Investment Research raised shares of Mongodb from a “hold” rating to a “buy” rating and set a $108.00 price target for the company in a research note on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. Mongodb has a consensus rating of “Buy” and a consensus price target of $112.69.

The company has a current ratio of 3.44, a quick ratio of 3.44 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $7.61 billion, a P/E ratio of -80.49 and a beta of -0.01.

Mongodb (NASDAQ:MDB) last released its quarterly earnings results on Wednesday, March 13th. The company reported ($0.36) EPS for the quarter, topping analysts’ consensus estimates of ($0.56) by $0.20. Mongodb had a negative net margin of 44.47% and a negative return on equity of 49.90%. The firm had revenue of $83.10 million during the quarter, compared to analysts’ expectations of $74.02 million. During the same period in the previous year, the company earned ($0.40) EPS. The firm’s revenue for the quarter was up 84.7% compared to the same quarter last year. As a group, analysts predict that Mongodb Inc will post -1.99 EPS for the current year.

In other Mongodb news, CFO Michael Lawrence Gordon sold 70,000 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $134.11, for a total value of $9,387,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kevin P. Ryan sold 24,000 shares of the business’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $99.37, for a total transaction of $2,384,880.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 228,925 shares of company stock valued at $28,451,584. 40.04% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund acquired a new position in Mongodb during the 4th quarter valued at approximately $33,000. American Century Companies Inc. acquired a new stake in shares of Mongodb in the fourth quarter worth $64,633,000. FMR LLC increased its stake in shares of Mongodb by 12.5% in the fourth quarter. FMR LLC now owns 5,275,057 shares of the company’s stock worth $441,732,000 after acquiring an additional 586,841 shares during the period. FIL Ltd purchased a new stake in Mongodb during the first quarter worth $82,626,000. Finally, JPMorgan Chase & Co. boosted its holdings in Mongodb by 146.9% during the first quarter. JPMorgan Chase & Co. now owns 794,387 shares of the company’s stock worth $116,790,000 after buying an additional 472,602 shares in the last quarter. 62.52% of the stock is owned by institutional investors.

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About Mongodb (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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