MMS • RSS
MongoDB, Inc. (NASDAQ:MDB – Get Free Report) saw some unusual options trading activity on Wednesday. Traders bought 23,831 put options on the stock. This is an increase of 2,157% compared to the typical daily volume of 1,056 put options.
Insider Buying and Selling at MongoDB
In other MongoDB news, CAO Thomas Bull sold 516 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $406.78, for a total value of $209,898.48. Following the completion of the transaction, the chief accounting officer now owns 17,190 shares in the company, valued at $6,992,548.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Dwight A. Merriman sold 2,000 shares of the company’s stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $240.00, for a total transaction of $480,000.00. Following the completion of the transaction, the director now owns 1,223,954 shares in the company, valued at approximately $293,748,960. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Thomas Bull sold 516 shares of the stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $406.78, for a total transaction of $209,898.48. Following the completion of the sale, the chief accounting officer now 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. Over the last three months, insiders have sold 116,427 shares of company stock valued at $41,304,961. 4.80% of the stock is owned by insiders.
Institutional Investors Weigh In On MongoDB
A number of institutional investors have recently bought and sold shares of the stock. Capital Advisors Ltd. LLC grew its stake in MongoDB by 131.0% during the second quarter. Capital Advisors Ltd. LLC now owns 67 shares of the company’s stock worth $28,000 after buying an additional 38 shares during the period. Tealwood Asset Management Inc. purchased a new position in shares of MongoDB in the second quarter valued at $202,000. Simplicity Solutions LLC boosted its stake in shares of MongoDB by 2.2% in the second quarter. Simplicity Solutions LLC now owns 1,169 shares of the company’s stock valued at $480,000 after purchasing an additional 25 shares during the period. Waycross Partners LLC purchased a new position in shares of MongoDB in the second quarter valued at $709,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new position in shares of MongoDB in the second quarter valued at $201,000. 89.22% of the stock is currently owned by hedge funds and other institutional investors.
MongoDB Stock Up 1.3 %
MDB stock traded up $5.42 during trading on Thursday, reaching $410.56. 277,829 shares of the company were exchanged, compared to its average volume of 1,746,527. MongoDB has a 52-week low of $135.15 and a 52-week high of $439.00. The stock’s 50 day moving average price is $365.22 and its 200 day moving average price is $269.99. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 1.44.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings data on Thursday, June 1st. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.38. The business had revenue of $368.28 million during the quarter, compared to analyst estimates of $347.77 million. MongoDB had a negative net margin of 23.58% and a negative return on equity of 43.25%. The company’s revenue was up 29.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.15) earnings per share. As a group, equities research analysts forecast that MongoDB will post -2.8 EPS for the current year.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on MDB shares. KeyCorp increased their price objective on shares of MongoDB from $372.00 to $462.00 and gave the stock an “overweight” rating in a research report on Friday, July 21st. VNET Group reiterated a “maintains” rating on shares of MongoDB in a report on Monday, June 26th. Capital One Financial started coverage on shares of MongoDB in a report on Monday, June 26th. They set an “equal weight” rating and a $396.00 target price on the stock. 22nd Century Group reiterated a “maintains” rating on shares of MongoDB in a report on Monday, June 26th. Finally, William Blair reiterated an “outperform” rating on shares of MongoDB in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $378.09.
About MongoDB
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider MongoDB, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and MongoDB wasn’t on the list.
While MongoDB currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.