Mongodb Inc (NASDAQ:MDB) dropped 7.6% during mid-day trading on Monday . The stock traded as low as $134.98 and last traded at $137.43, approximately 1,512,198 shares changed hands during mid-day trading. An increase of 5% from the average daily volume of 1,435,741 shares. The stock had previously closed at $148.70.

MDB has been the topic of several recent research reports. Compass Point initiated coverage on Mongodb in a report on Tuesday, August 13th. They issued a “neutral” rating and a $155.00 price target on the stock. Monness Crespi & Hardt set a $185.00 target price on Mongodb and gave the company a “buy” rating in a research note on Friday, August 30th. Citigroup boosted their price objective on Mongodb from $184.00 to $195.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Oppenheimer dropped their price objective on Mongodb from $180.00 to $155.00 and set an “outperform” rating on the stock in a research note on Friday, October 11th. Finally, Piper Jaffray Companies initiated coverage on Mongodb in a research note on Monday, October 28th. They issued an “overweight” rating and a $158.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $162.64.

The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $7.74 billion, a price-to-earnings ratio of -79.90 and a beta of 0.13. The stock has a fifty day moving average of $132.52 and a 200-day moving average of $142.69.

Mongodb (NASDAQ:MDB) last issued its earnings results on Wednesday, September 4th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.51) by ($0.07). The company had revenue of $99.40 million during the quarter, compared to analyst estimates of $91.70 million. Mongodb had a negative return on equity of 43.95% and a negative net margin of 36.58%. The business’s revenue was up 66.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.41) earnings per share. As a group, equities research analysts forecast that Mongodb Inc will post -2.26 earnings per share for the current fiscal year.

In other news, insider Thomas Bull sold 5,000 shares of Mongodb stock in a transaction on Monday, September 16th. The stock was sold at an average price of $129.25, for a total transaction of $646,250.00. Also, CFO Michael Lawrence Gordon sold 3,207 shares of Mongodb stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $116.55, for a total value of $373,775.85. Insiders sold a total of 165,162 shares of company stock worth $21,473,675 over the last 90 days. Insiders own 25.08% of the company’s stock.

Several hedge funds have recently modified their holdings of MDB. Lindbrook Capital LLC boosted its position in Mongodb by 50.0% during the second quarter. Lindbrook Capital LLC now owns 300 shares of the company’s stock valued at $45,000 after purchasing an additional 100 shares during the last quarter. Captrust Financial Advisors lifted its position in shares of Mongodb by 100.0% in the second quarter. Captrust Financial Advisors now owns 200 shares of the company’s stock worth $30,000 after buying an additional 100 shares during the last quarter. CENTRAL TRUST Co lifted its position in shares of Mongodb by 79.4% in the third quarter. CENTRAL TRUST Co now owns 226 shares of the company’s stock worth $27,000 after buying an additional 100 shares during the last quarter. Kovack Advisors Inc. lifted its position in shares of Mongodb by 5.8% in the third quarter. Kovack Advisors Inc. now owns 1,930 shares of the company’s stock worth $233,000 after buying an additional 105 shares during the last quarter. Finally, Concorde Asset Management LLC lifted its position in shares of Mongodb by 1.6% in the third quarter. Concorde Asset Management LLC now owns 6,804 shares of the company’s stock worth $820,000 after buying an additional 109 shares during the last quarter. Institutional investors and hedge funds own 78.11% of the company’s stock.

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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