MongoDB Inc. (MDB) – Don’t Believe the Hype: Check The Facts

625 institutions hold shares in MongoDB Inc. (MDB), with 3.27M shares held by insiders accounting for 5.34% while institutional investors hold 92.85% of the company’s shares. The shares outstanding are 60.51M, and float is at 58.56M with Short Float at 9.96%. Institutions hold 87.89% of the Float.

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The top institutional shareholder in the company is Capital World Investors with over 7.38 million shares valued at $2.65 billion. The investor’s holdings represent 12.06% of the MDB Shares outstanding. As of Dec 30, 2020, the second largest holder is FMR, LLC with 5.44 million shares valued at $1.95 billion to account for 8.89% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 4.75 million shares representing 7.76% and valued at over $1.71 billion, while Blackrock Inc. holds 7.45% of the shares totaling 4.56 million with a market value of $1.64 billion.

MongoDB Inc. (NASDAQ: MDB) is -17.42% lower on its value in year-to-date trading and has touched a low of $123.21 and a high of $428.96 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MDB stock was last observed hovering at around $289.60 in the last trading session, with the day’s gains setting it 6.9% off its average median price target of $395.00 for the next 12 months. It is also 33.37% off the consensus price target high of $445.00 offered by 16 analysts, but current levels are 1.17% higher than the price target low of $300.00 for the same period.

Currently trading at $296.50, the stock is 0.42% and -15.23% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.55 million and changing 2.38% at the moment leaves the stock 6.08% off its SMA200. MDB registered 146.12% gain for a year compared to 6-month gain of 26.54%. The firm has a 50-day simple moving average (SMA 50) of $332.01 and a 200-day simple moving average (SMA200) of $309.63.

The stock witnessed a -3.79% loss in the last 1 month and extending the period to 3 months gives it a -15.38%, and is 14.70% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.37% over the week and 5.71% over the month.

MongoDB Inc. (MDB) has around 2539 employees, a market worth around $16.71B and $590.40M in sales. Profit margin for the company is -45.20%. Distance from 52-week low is 140.65% and -30.88% from its 52-week high. The company has generated returns on investments over the last 12 months (-21.40%).

MongoDB Inc. (MDB) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for MongoDB Inc. (MDB) is a “Overweight”. 16 analysts offering their recommendations for the stock have an average rating of 1.90, where 4 rate it as a Hold and 0 think it is a “Overweight”. 12 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

MongoDB Inc. is expected to release its quarterly report on 06/04/2021 and quarterly earnings per share for the current quarter are estimated at -$0.37 with sales reaching $169.82M over the same period.The EPS is expected to shrink by -44.20% this year, but quarterly earnings will post 29.30% year-over-year.

MongoDB Inc. (MDB) Insider Activity

A total of 229 insider transactions have happened at MongoDB Inc. (MDB) in the last six months, with sales accounting for 204 and purchases happening 25 times. The most recent transaction is an insider sale by Ittycheria Dev, the company’s President & CEO. SEC filings show that Ittycheria Dev sold 9,422 shares of the company’s common stock on Apr 05 at a price of $283.30 per share for a total of $2.67 million. Following the sale, the insider now owns 0.23 million shares.

MongoDB Inc. disclosed in a document filed with the SEC on Apr 05 that Gordon Michael Lawrence (COO and CFO) sold a total of 5,363 shares of the company’s common stock. The trade occurred on Apr 05 and was made at $283.29 per share for $1.52 million. Following the transaction, the insider now directly holds 0.11 million shares of the MDB stock.

Still, SEC filings show that on Apr 05, Bull Thomas (Principal Accounting Officer) disposed off 405 shares at an average price of $283.29 for $0.11 million. The insider now directly holds 17,890 shares of MongoDB Inc. (MDB).

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MongoDB Inc. (MDB): Who are the competitors?

The company’s main competitors (and peers) include Progress Software Corporation (PRGS) that is trading 44.31% up over the past 12 months and Pixelworks Inc. (PXLW) that is 19.29% higher over the same period. Short interest in the company’s stock has fallen 0.0% from the last report on Feb 11, 2021 to stand at a total of 5.83 million short shares sold with a short interest ratio of 5.63.

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