Mongodb Inc (NASDAQ:MDB) shares were up 8.6% on Tuesday . The stock traded as high as $141.57 and last traded at $136.43, approximately 1,554,339 shares changed hands during mid-day trading. An increase of 11% from the average daily volume of 1,401,269 shares. The stock had previously closed at $125.57.

Several research firms recently commented on MDB. Canaccord Genuity reduced their price objective on shares of Mongodb from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Tuesday, December 10th. They noted that the move was a valuation call. Citigroup reduced their price objective on shares of Mongodb from $200.00 to $175.00 and set a “buy” rating for the company in a research note on Wednesday, March 18th. Oppenheimer reduced their price objective on shares of Mongodb from to in a research note on Wednesday, March 18th. Monness Crespi & Hardt reduced their price objective on shares of Mongodb from $190.00 to $150.00 and set a “buy” rating for the company in a research note on Wednesday, March 18th. Finally, Needham & Company LLC reduced their price objective on shares of Mongodb from $189.00 to $172.00 in a research note on Wednesday, March 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company’s stock. Mongodb has an average rating of “Buy” and a consensus target price of $151.62.

The company has a debt-to-equity ratio of 1.08, a quick ratio of 2.57 and a current ratio of 2.57. The firm has a market cap of $8.02 billion, a price-to-earnings ratio of -42.91 and a beta of 0.26. The stock’s 50 day simple moving average is $149.12 and its 200-day simple moving average is $138.84.

Mongodb (NASDAQ:MDB) last issued its quarterly earnings results on Tuesday, March 17th. The company reported ($0.25) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.28) by $0.03. The business had revenue of $123.50 million for the quarter, compared to analyst estimates of $110.66 million. Mongodb had a negative net margin of 41.62% and a negative return on equity of 55.94%. Mongodb’s revenue for the quarter was up 48.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.17) EPS. On average, analysts expect that Mongodb Inc will post -3.11 EPS for the current fiscal year.

In other news, CTO Eliot Horowitz sold 21,102 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $130.56, for a total value of $2,755,077.12. Following the sale, the chief technology officer now owns 107,399 shares in the company, valued at $14,022,013.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dev Ittycheria sold 27,447 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $132.43, for a total transaction of $3,634,806.21. Following the completion of the sale, the chief executive officer now owns 206,845 shares in the company, valued at approximately $27,392,483.35. The disclosure for this sale can be found here. Insiders sold 207,394 shares of company stock worth $31,046,256 in the last quarter. Company insiders own 25.08% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC purchased a new stake in Mongodb during the fourth quarter worth $26,000. CWM LLC raised its position in shares of Mongodb by 82.4% in the fourth quarter. CWM LLC now owns 197 shares of the company’s stock valued at $26,000 after buying an additional 89 shares during the last quarter. Korea Investment CORP acquired a new stake in shares of Mongodb in the fourth quarter valued at about $26,000. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Mongodb in the fourth quarter valued at about $33,000. Finally, Total Clarity Wealth Management Inc. acquired a new stake in shares of Mongodb in the fourth quarter valued at about $41,000. 83.92% of the stock is currently owned by hedge funds and other institutional investors.

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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