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

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Posted on mongodb google news. Visit mongodb google news

MongoDB, Inc. (NASDAQ:MDBGet Free Report) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totalling 4,100,000 shares, a growth of 5.7% from the December 31st total of 3,880,000 shares. Based on an average daily volume of 1,580,000 shares, the short-interest ratio is currently 2.6 days.

MongoDB Stock Performance

Shares of MDB opened at $415.53 on Wednesday. The business’s fifty day moving average price is $402.82 and its 200 day moving average price is $381.07. The company has a debt-to-equity ratio of 1.18, a current ratio of 4.74 and a quick ratio of 4.74. MongoDB has a 12-month low of $189.59 and a 12-month high of $442.84. The stock has a market capitalization of $29.99 billion, a PE ratio of -157.40 and a beta of 1.23.

MongoDB (NASDAQ:MDBGet Free Report) last announced its quarterly earnings data on Tuesday, December 5th. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.45. MongoDB had a negative net margin of 11.70% and a negative return on equity of 20.64%. The business had revenue of $432.94 million during the quarter, compared to the consensus estimate of $406.33 million. During the same quarter in the prior year, the firm earned ($1.23) EPS. The company’s revenue for the quarter was up 29.8% compared to the same quarter last year. Equities research analysts forecast that MongoDB will post -1.63 EPS for the current year.

Insider Activity

In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $420.00, for a total value of $420,000.00. Following the completion of the sale, the director now directly owns 528,896 shares of the company’s stock, valued at $222,136,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $420.00, for a total transaction of $420,000.00. Following the transaction, the director now owns 528,896 shares in the company, valued at $222,136,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CRO Cedric Pech sold 1,248 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $400.00, for a total transaction of $499,200.00. Following the completion of the sale, the executive now owns 25,425 shares in the company, valued at approximately $10,170,000. The disclosure for this sale can be found here. Insiders sold 148,277 shares of company stock worth $56,878,501 in the last three months. Corporate insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On MongoDB

Several hedge funds have recently made changes to their positions in the company. Prosperity Wealth Management Inc. acquired a new position in MongoDB in the 4th quarter valued at $206,000. Strategic Vision Investment Ltd bought a new position in shares of MongoDB during the 4th quarter worth about $3,802,000. Cookson Peirce & Co. Inc. lifted its holdings in MongoDB by 470.5% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 6,315 shares of the company’s stock valued at $2,582,000 after purchasing an additional 5,208 shares during the last quarter. Sentry Investment Management LLC bought a new position in MongoDB during the 4th quarter valued at about $451,000. Finally, Mackenzie Financial Corp lifted its holdings in MongoDB by 9.0% during the 4th quarter. Mackenzie Financial Corp now owns 5,414 shares of the company’s stock valued at $2,214,000 after purchasing an additional 448 shares during the last quarter. Hedge funds and other institutional investors own 88.89% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on MDB shares. JMP Securities restated a “market outperform” rating and set a $440.00 price objective on shares of MongoDB in a research report on Monday, January 22nd. Wells Fargo & Company began coverage on shares of MongoDB in a research note on Thursday, November 16th. They issued an “overweight” rating and a $500.00 price objective for the company. Tigress Financial lifted their price objective on shares of MongoDB from $490.00 to $495.00 and gave the stock a “buy” rating in a research note on Friday, October 6th. Stifel Nicolaus restated a “buy” rating and issued a $450.00 target price on shares of MongoDB in a report on Monday, December 4th. Finally, Barclays lifted their price objective on shares of MongoDB from $470.00 to $478.00 and gave the company an “overweight” rating in a report on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and an average price target of $429.50.

Check Out Our Latest Analysis on MongoDB

About MongoDB

(Get Free Report)

MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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Article originally posted on mongodb google news. Visit mongodb google news

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