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

MongoDB, Inc. (NASDAQ:MDB) saw a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 1,650,000 shares, a drop of 22.2% from the February 13th total of 2,120,000 shares. Based on an average daily volume of 2,400,000 shares, the short-interest ratio is presently 0.7 days. Currently, 2.3% of the company’s shares are short sold.

Insider Activity at MongoDB

In other news, insider Cedric Pech sold 287 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $67,183.83. Following the completion of the sale, the insider now directly owns 24,390 shares in the company, valued at approximately $5,709,455.10. This represents a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 885 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $292.05, for a total transaction of $258,464.25. Following the sale, the director now owns 83,845 shares of the company’s stock, valued at approximately $24,486,932.25. This represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,139 shares of company stock valued at $11,328,869. Insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On MongoDB

A number of large investors have recently added to or reduced their stakes in the stock. OneDigital Investment Advisors LLC boosted its stake in shares of MongoDB by 3.9% during the 4th quarter. OneDigital Investment Advisors LLC now owns 1,044 shares of the company’s stock worth $243,000 after acquiring an additional 39 shares during the last quarter. Hilltop National Bank boosted its stake in shares of MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after acquiring an additional 42 shares during the last quarter. Avestar Capital LLC boosted its stake in shares of MongoDB by 2.0% during the 4th quarter. Avestar Capital LLC now owns 2,165 shares of the company’s stock worth $504,000 after acquiring an additional 42 shares during the last quarter. Aigen Investment Management LP boosted its stake in shares of MongoDB by 1.4% during the 4th quarter. Aigen Investment Management LP now owns 3,921 shares of the company’s stock worth $913,000 after acquiring an additional 55 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC boosted its stake in shares of MongoDB by 5.2% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,190 shares of the company’s stock worth $322,000 after acquiring an additional 59 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MDB. Rosenblatt Securities reiterated a “buy” rating and set a $350.00 target price on shares of MongoDB in a report on Tuesday, March 4th. Oppenheimer lowered their price objective on shares of MongoDB from $400.00 to $330.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Wells Fargo & Company lowered shares of MongoDB from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $365.00 to $225.00 in a report on Thursday, March 6th. Guggenheim upgraded shares of MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price objective for the company in a report on Monday, January 6th. Finally, Stifel Nicolaus lowered their price objective on shares of MongoDB from $425.00 to $340.00 and set a “buy” rating for the company in a report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $319.87.

MongoDB Stock Performance

Shares of MDB traded down $4.37 on Tuesday, hitting $188.68. 1,332,411 shares of the stock traded hands, compared to its average volume of 1,692,932. The company has a market capitalization of $14.05 billion, a PE ratio of -68.86 and a beta of 1.30. The business has a 50 day simple moving average of $255.53 and a 200 day simple moving average of $272.18. MongoDB has a one year low of $173.13 and a one year high of $387.19.

MongoDB (NASDAQ:MDB) last posted its earnings results on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. During the same period last year, the firm posted $0.86 EPS. On average, equities analysts expect that MongoDB will post -1.78 earnings per share for the current year.

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.