MongoDB Inc.’s Lock-Up Period Will Expire Tomorrow (NASDAQ:MDB)

MongoDB’s (NASDAQ:MDB) lock-up period is set to expire on Tuesday, April 17th. MongoDB had issued 8,000,000 shares in its IPO on October 19th. The total size of the offering was $192,000,000 based on an initial share price of $24.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the expiration of the lock-up period.

A number of research analysts recently commented on MDB shares. Needham & Company LLC upgraded MongoDB from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Wednesday, February 14th. They noted that the move was a valuation call. Zacks Investment Research lowered MongoDB from a “hold” rating to a “sell” rating in a research note on Wednesday, February 14th. ValuEngine upgraded MongoDB from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. Barclays increased their target price on MongoDB from $38.00 to $45.00 and gave the stock an “overweight” rating in a report on Wednesday, March 14th. Finally, Nomura started coverage on MongoDB in a report on Tuesday, January 23rd. They set a “neutral” rating and a $30.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $39.10.

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Shares of MDB stock opened at $39.66 on Monday. The firm has a market cap of $2,033.62 and a PE ratio of -22.79. MongoDB has a 52 week low of $24.62 and a 52 week high of $46.26.

MongoDB (NASDAQ:MDB) last announced its earnings results on Tuesday, March 13th. The company reported ($0.40) EPS for the quarter, topping the consensus estimate of ($0.43) by $0.03. The business had revenue of $45.00 million for the quarter, compared to the consensus estimate of $42.60 million. The business’s revenue was up 50.5% compared to the same quarter last year. research analysts expect that MongoDB will post -1.63 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Salesforce Com Inc. bought a new stake in shares of MongoDB during the fourth quarter worth $1,331,000. Schf GPE LLC bought a new position in MongoDB in the fourth quarter valued at about $23,687,000. HBK Investments L P bought a new position in MongoDB in the fourth quarter valued at about $2,226,000. Hudson Bay Capital Management LP bought a new position in MongoDB in the fourth quarter valued at about $2,299,000. Finally, Bamco Inc. NY bought a new position in MongoDB in the fourth quarter valued at about $297,000. Institutional investors own 26.81% of the company’s stock.

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MongoDB Company Profile

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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