MMS • RSS
Posted on mongodb google news. Visit mongodb google news
MongoDB, Inc. (NASDAQ:MDB – Get Free Report) was the target of unusually large options trading activity on Wednesday. Investors purchased 36,130 call options on the company. This is an increase of approximately 2,077% compared to the typical daily volume of 1,660 call options.
MongoDB Stock Up 6.1 %
Shares of MongoDB stock opened at $240.52 on Thursday. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.93 and a quick ratio of 4.93. MongoDB has a 1 year low of $214.74 and a 1 year high of $509.62. The firm’s 50-day moving average is $307.97 and its two-hundred day moving average is $368.31. The stock has a market cap of $17.64 billion, a price-to-earnings ratio of -85.59 and a beta of 1.13.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results on Thursday, May 30th. The company reported ($0.80) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.80). MongoDB had a negative net margin of 11.50% and a negative return on equity of 14.88%. The company had revenue of $450.56 million for the quarter, compared to analysts’ expectations of $438.44 million. As a group, research analysts expect that MongoDB will post -2.67 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other MongoDB news, CRO Cedric Pech sold 1,430 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $348.11, for a total value of $497,797.30. Following the sale, the executive now owns 45,444 shares of the company’s stock, valued at approximately $15,819,510.84. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CRO Cedric Pech sold 1,430 shares of MongoDB stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $348.11, for a total transaction of $497,797.30. Following the sale, the executive now owns 45,444 shares of the company’s stock, valued at approximately $15,819,510.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Dennis Mcmahon sold 10,000 shares of MongoDB stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $228.00, for a total transaction of $2,280,000.00. Following the sale, the director now directly owns 20,020 shares in the company, valued at approximately $4,564,560. The disclosure for this sale can be found here. Insiders have sold a total of 59,976 shares of company stock valued at $19,525,973 in the last quarter. Insiders own 3.60% of the company’s stock.
Institutional Trading of MongoDB
A number of institutional investors have recently bought and sold shares of MDB. PNC Financial Services Group Inc. raised its position in MongoDB by 7.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,474 shares of the company’s stock worth $856,000 after buying an additional 166 shares during the last quarter. Clearbridge Investments LLC increased its holdings in shares of MongoDB by 4.4% during the 3rd quarter. Clearbridge Investments LLC now owns 1,949 shares of the company’s stock valued at $674,000 after purchasing an additional 82 shares in the last quarter. LPL Financial LLC increased its holdings in shares of MongoDB by 20.6% during the 3rd quarter. LPL Financial LLC now owns 31,145 shares of the company’s stock valued at $10,772,000 after purchasing an additional 5,329 shares in the last quarter. Mariner LLC increased its holdings in shares of MongoDB by 10.2% during the 3rd quarter. Mariner LLC now owns 7,047 shares of the company’s stock valued at $2,437,000 after purchasing an additional 653 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of MongoDB by 5.5% during the 3rd quarter. Northern Trust Corp now owns 448,035 shares of the company’s stock valued at $154,957,000 after purchasing an additional 23,270 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms recently commented on MDB. Redburn Atlantic reissued a “sell” rating and set a $295.00 price objective (down previously from $410.00) on shares of MongoDB in a research note on Tuesday, March 19th. Truist Financial decreased their target price on shares of MongoDB from $475.00 to $300.00 and set a “buy” rating for the company in a report on Friday, May 31st. Canaccord Genuity Group decreased their target price on shares of MongoDB from $435.00 to $325.00 and set a “buy” rating for the company in a report on Friday, May 31st. Guggenheim raised shares of MongoDB from a “sell” rating to a “neutral” rating in a report on Monday, June 3rd. Finally, KeyCorp decreased their target price on shares of MongoDB from $490.00 to $440.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus price target of $361.30.
Get Our Latest Research Report on MongoDB
About MongoDB
MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides 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-premises, 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
Receive News & Ratings for MongoDB Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for MongoDB and related companies with MarketBeat.com’s FREE daily email newsletter.
Article originally posted on mongodb google news. Visit mongodb google news