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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) saw unusually large options trading on Wednesday. Stock traders bought 36,130 call options on the company. This represents an increase of 2,077% compared to the average volume of 1,660 call options.
Insider Transactions at MongoDB
In related news, Director Dwight A. Merriman sold 606 shares of the business’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $382.41, for a total value of $231,740.46. Following the sale, the director now directly owns 1,214,159 shares in the company, valued at approximately $464,306,543.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Dwight A. Merriman sold 606 shares of the company’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $382.41, for a total transaction of $231,740.46. Following the sale, the director now directly owns 1,214,159 shares in the company, valued at $464,306,543.19. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CRO Cedric Pech sold 2,738 shares of the business’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $406.18, for a total value of $1,112,120.84. Following the transaction, the executive now directly owns 34,418 shares of the company’s stock, valued at approximately $13,979,903.24. The disclosure for this sale can be found here. Insiders have sold 117,427 shares of company stock worth $41,364,961 in the last ninety days. Company insiders own 4.80% of the company’s stock.
Institutional Trading of MongoDB
A number of institutional investors have recently bought and sold shares of MDB. Bessemer Group Inc. purchased a new stake in MongoDB during the 4th quarter valued at approximately $29,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of MongoDB in the 4th quarter worth approximately $30,000. Global Retirement Partners LLC grew its holdings in shares of MongoDB by 346.7% in the 1st quarter. Global Retirement Partners LLC now owns 134 shares of the company’s stock worth $30,000 after acquiring an additional 104 shares during the period. Lindbrook Capital LLC grew its holdings in shares of MongoDB by 350.0% in the 4th quarter. Lindbrook Capital LLC now owns 171 shares of the company’s stock worth $34,000 after acquiring an additional 133 shares during the period. Finally, Y.D. More Investments Ltd acquired a new stake in shares of MongoDB in the 4th quarter worth approximately $36,000. 89.22% of the stock is owned by hedge funds and other institutional investors.
MongoDB Trading Down 0.8 %
MDB opened at $391.08 on Thursday. MongoDB has a 12 month low of $135.15 and a 12 month high of $418.70. The stock has a market capitalization of $27.60 billion, a price-to-earnings ratio of -83.74 and a beta of 1.13. The company has a debt-to-equity ratio of 1.44, a current ratio of 4.19 and a quick ratio of 4.19. The business has a fifty day moving average price of $339.94 and a 200 day moving average price of $257.00.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings results on Thursday, June 1st. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.38. The company had revenue of $368.28 million during the quarter, compared to the consensus estimate of $347.77 million. MongoDB had a negative return on equity of 43.25% and a negative net margin of 23.58%. MongoDB’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same period in the previous year, the business earned ($1.15) EPS. Sell-side analysts expect that MongoDB will post -2.8 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on the company. KeyCorp boosted their price objective on MongoDB from $229.00 to $264.00 and gave the company an “overweight” rating in a research report on Thursday, April 20th. William Blair reaffirmed an “outperform” rating on shares of MongoDB in a research report on Friday, June 2nd. Tigress Financial upped their price objective on MongoDB from $365.00 to $490.00 in a research report on Wednesday, June 28th. Capital One Financial started coverage on MongoDB in a research note on Monday, June 26th. They set an “equal weight” rating and a $396.00 price objective for the company. Finally, Citigroup raised their price objective on MongoDB from $363.00 to $430.00 in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and a consensus price target of $366.59.
MongoDB Company Profile
MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.
Further Reading
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