MongoDB (NASDAQ:MDB) Shares Gap Up to $366.13

MongoDB, Inc. (NASDAQ:MDB)’s share price gapped up prior to trading on Friday . The stock had previously closed at $366.13, but opened at $382.44. MongoDB shares last traded at $380.18, with a volume of 333,939 shares traded.

Analyst Ratings Changes

Several equities research analysts recently issued reports on MDB shares. Citigroup lifted their price objective on MongoDB from $515.00 to $550.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. KeyCorp lowered their price target on MongoDB from $490.00 to $440.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. UBS Group restated a “neutral” rating and set a $410.00 price target (down previously from $475.00) on shares of MongoDB in a research report on Thursday, January 4th. Loop Capital started coverage on MongoDB in a research report on Tuesday. They set a “buy” rating and a $415.00 price target on the stock. Finally, Redburn Atlantic restated a “sell” rating and set a $295.00 price target (down previously from $410.00) on shares of MongoDB in a research report on Tuesday, March 19th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $443.86.

MongoDB Price Performance

The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $27.95 billion, a PE ratio of -147.63 and a beta of 1.19. The firm has a 50 day moving average price of $381.23 and a 200 day moving average price of $390.50.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing the consensus estimate of ($0.71) by ($0.32). The company had revenue of $458.00 million during the quarter, compared to analysts’ expectations of $431.99 million. MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. Research analysts anticipate that MongoDB, Inc. will post -2.53 earnings per share for the current year.

Insider Activity at MongoDB

In related news, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $404.20, for a total value of $404,200.00. Following the sale, the director now directly owns 527,896 shares of the company’s stock, valued at approximately $213,375,563.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $365.00, for a total transaction of $730,000.00. Following the transaction, the director now directly owns 1,154,784 shares in the company, valued at $421,496,160. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $404.20, for a total transaction of $404,200.00. Following the transaction, the director now owns 527,896 shares in the company, valued at $213,375,563.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 91,802 shares of company stock valued at $35,936,911. Insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On MongoDB

Several institutional investors have recently bought and sold shares of the company. Quadrant Capital Group LLC lifted its stake in shares of MongoDB by 5.6% during the fourth quarter. Quadrant Capital Group LLC now owns 412 shares of the company’s stock worth $168,000 after buying an additional 22 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of MongoDB by 12.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 226 shares of the company’s stock worth $92,000 after purchasing an additional 25 shares during the last quarter. Insigneo Advisory Services LLC raised its holdings in shares of MongoDB by 2.9% during the third quarter. Insigneo Advisory Services LLC now owns 1,070 shares of the company’s stock worth $370,000 after purchasing an additional 30 shares during the last quarter. Yousif Capital Management LLC raised its holdings in shares of MongoDB by 3.9% during the fourth quarter. Yousif Capital Management LLC now owns 792 shares of the company’s stock worth $324,000 after purchasing an additional 30 shares during the last quarter. Finally, Valley National Advisers Inc. raised its holdings in shares of MongoDB by 5.9% during the fourth quarter. Valley National Advisers Inc. now owns 597 shares of the company’s stock worth $244,000 after purchasing an additional 33 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

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.