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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) was the target of some unusual options trading on Wednesday. Stock traders purchased 36,130 call options on the company. This is an increase of 2,077% compared to the typical volume of 1,660 call options.
Insider Activity at MongoDB
In other news, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $420.00, for a total transaction of $420,000.00. Following the completion of the transaction, the director now directly owns 1,213,159 shares in the company, valued at approximately $509,526,780. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $420.00, for a total transaction of $420,000.00. Following the completion of the transaction, the director now owns 1,213,159 shares of the company’s stock, valued at approximately $509,526,780. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Thomas Bull sold 516 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $406.78, for a total value of $209,898.48. Following the transaction, the chief accounting officer now directly owns 17,190 shares of the company’s stock, valued at approximately $6,992,548.20. The disclosure for this sale can be found here. Insiders sold 116,427 shares of company stock valued at $41,304,961 over the last ninety days. 4.80% of the stock is owned by insiders.
Institutional Trading of MongoDB
Hedge funds have recently bought and sold shares of the stock. GPS Wealth Strategies Group LLC acquired a new stake in MongoDB during the 2nd quarter worth about $26,000. Capital Advisors Ltd. LLC lifted its stake in MongoDB by 131.0% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 67 shares of the company’s stock worth $28,000 after purchasing an additional 38 shares in the last quarter. Global Retirement Partners LLC lifted its stake in 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 purchasing an additional 104 shares in the last quarter. Pacer Advisors Inc. lifted its stake in MongoDB by 174.5% in the 2nd quarter. Pacer Advisors Inc. now owns 140 shares of the company’s stock worth $58,000 after purchasing an additional 89 shares in the last quarter. Finally, Bessemer Group Inc. purchased a new stake in shares of MongoDB during the 4th quarter valued at approximately $29,000. Hedge funds and other institutional investors own 89.22% of the company’s stock.
MongoDB Price Performance
Shares of MongoDB stock opened at $405.14 on Thursday. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $28.59 billion, a price-to-earnings ratio of -86.75 and a beta of 1.13. MongoDB has a 52 week low of $135.15 and a 52 week high of $439.00. The stock’s 50-day simple moving average is $365.22 and its 200-day simple moving average is $269.99.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings data on Thursday, June 1st. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.38. The company had revenue of $368.28 million for the quarter, compared to analysts’ expectations of $347.77 million. MongoDB had a negative return on equity of 43.25% and a negative net margin of 23.58%. The firm’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.15) earnings per share. As a group, analysts expect that MongoDB will post -2.8 earnings per share for the current fiscal year.
Analyst Ratings Changes
MDB has been the topic of several analyst reports. Oppenheimer increased their target price on MongoDB from $270.00 to $430.00 in a report on Friday, June 2nd. VNET Group reissued a “maintains” rating on shares of MongoDB in a report on Monday, June 26th. The Goldman Sachs Group raised their price objective on MongoDB from $420.00 to $440.00 in a research note on Friday, June 23rd. Barclays increased their target price on MongoDB from $374.00 to $421.00 in a research report on Monday, June 26th. Finally, Piper Sandler raised their price objective on MongoDB from $270.00 to $400.00 in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and a consensus price target of $378.09.
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.
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