Shares of Mongodb Inc (NASDAQ:MDB) rose 5.6% on Wednesday . The stock traded as high as $75.48 and last traded at $73.95. Approximately 937,220 shares traded hands during mid-day trading, an increase of 15% from the average daily volume of 817,869 shares. The stock had previously closed at $70.06.

MDB has been the topic of several research reports. Barclays upped their target price on Mongodb from $57.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, August 15th. Morgan Stanley upped their target price on Mongodb from $41.00 to $66.00 and gave the company an “equal weight” rating in a report on Thursday, August 30th. Needham & Company LLC upped their target price on Mongodb from $57.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, September 4th. Stifel Nicolaus upped their target price on Mongodb from $53.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, September 6th. Finally, KeyCorp reissued an “overweight” rating and issued a $88.00 target price (up previously from $62.00) on shares of Mongodb in a report on Thursday, September 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $77.92.

The company has a debt-to-equity ratio of 1.01, a current ratio of 3.74 and a quick ratio of 3.74. The company has a market cap of $3.82 billion and a P/E ratio of -42.50.

Mongodb (NASDAQ:MDB) last posted its quarterly earnings data on Wednesday, September 5th. The company reported ($0.41) EPS for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.04. The business had revenue of $57.50 million for the quarter, compared to analyst estimates of $51.75 million. Mongodb had a negative return on equity of 52.67% and a negative net margin of 57.74%. The company’s revenue was up 61.5% on a year-over-year basis. Research analysts predict that Mongodb Inc will post -2.27 earnings per share for the current fiscal year.

In related news, CFO Michael Lawrence Gordon sold 100,000 shares of the stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $83.77, for a total transaction of $8,377,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kevin P. Ryan sold 24,000 shares of the stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $76.78, for a total value of $1,842,720.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 336,283 shares of company stock worth $26,869,879. Corporate insiders own 40.04% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG lifted its position in Mongodb by 267.4% during the first quarter. UBS Group AG now owns 5,052 shares of the company’s stock worth $219,000 after buying an additional 3,677 shares during the period. OppenheimerFunds Inc. lifted its position in Mongodb by 144.7% during the second quarter. OppenheimerFunds Inc. now owns 411,490 shares of the company’s stock worth $20,423,000 after buying an additional 243,350 shares during the period. Whale Rock Capital Management LLC lifted its position in Mongodb by 587.8% during the second quarter. Whale Rock Capital Management LLC now owns 3,830,271 shares of the company’s stock worth $190,096,000 after buying an additional 3,273,409 shares during the period. Northern Trust Corp lifted its position in Mongodb by 26.0% during the first quarter. Northern Trust Corp now owns 19,672 shares of the company’s stock worth $854,000 after buying an additional 4,060 shares during the period. Finally, Macquarie Group Ltd. purchased a new position in Mongodb during the second quarter worth about $1,951,000. Hedge funds and other institutional investors own 48.69% of the company’s stock.

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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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