MongoDB, Inc. (NASDAQ:MDB) Sees Large Increase in Short Interest

21 Apr 2025, 18:41 by Scott Moore · The Cerbat Gem

MongoDB, Inc. (NASDAQ:MDB – Get Free Report) saw a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 3,680,000 shares, a growth of 21.1% from the March 15th total of 3,040,000 shares. Based on an average daily trading volume, of 2,230,000 shares, the short-interest ratio is currently 1.7 days. Currently, 5.1% of the company’s shares are sold short.

MongoDB Stock Performance

Shares of NASDAQ:MDB traded down $7.59 during midday trading on Monday, hitting $151.67. 2,286,572 shares of the stock were exchanged, compared to its average volume of 1,816,751. The business’s 50-day moving average price is $208.15 and its 200 day moving average price is $252.42. The stock has a market capitalization of $12.31 billion, a price-to-earnings ratio of -55.35 and a beta of 1.49. MongoDB has a 12 month low of $140.78 and a 12 month high of $387.19.

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

Insider Activity

In related news, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $265.00, for a total transaction of $265,000.00. Following the completion of the sale, the director now directly owns 1,116,006 shares of the company’s stock, valued at approximately $295,741,590. This represents a 0.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Cedric Pech sold 1,690 shares of MongoDB stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $292,809.40. Following the completion of the transaction, the insider now directly owns 57,634 shares in the company, valued at approximately $9,985,666.84. The trade was a 2.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,680 shares of company stock valued at $11,084,027 in the last quarter. Company insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On MongoDB

Institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of MongoDB in the fourth quarter worth approximately $189,584,000. Marshall Wace LLP acquired a new position in shares of MongoDB in the 4th quarter worth approximately $110,356,000. Raymond James Financial Inc. bought a new stake in shares of MongoDB in the 4th quarter valued at $90,478,000. D1 Capital Partners L.P. acquired a new stake in shares of MongoDB during the fourth quarter worth $76,129,000. Finally, Amundi lifted its holdings in MongoDB by 86.2% in the fourth quarter. Amundi now owns 693,740 shares of the company’s stock valued at $172,519,000 after buying an additional 321,186 shares during the period. Institutional investors own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

MDB has been the topic of several research reports. Wedbush cut their target price on MongoDB from $360.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Monness Crespi & Hardt raised shares of MongoDB from a “sell” rating to a “neutral” rating in a research report on Monday, March 3rd. Oppenheimer decreased their target price on shares of MongoDB from $400.00 to $330.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Rosenblatt Securities reiterated a “buy” rating and set a $350.00 price objective on shares of MongoDB in a research note on Tuesday, March 4th. Finally, Guggenheim raised shares of MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 price target on the stock in a research report on Monday, January 6th. Eight research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $299.78.

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