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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) saw unusually large options trading activity on Wednesday. Investors acquired 36,130 call options on the stock. This is an increase of 2,077% compared to the average daily volume of 1,660 call options.
Insiders Place Their Bets
In other news, CEO Dev Ittycheria sold 18,512 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $3,207,389.12. Following the transaction, the chief executive officer now directly owns 268,948 shares in the company, valued at approximately $46,597,930.48. This trade represents a 6.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Thomas Bull sold 301 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total transaction of $52,148.25. Following the completion of the transaction, the chief accounting officer now owns 14,598 shares in the company, valued at approximately $2,529,103.50. The trade was a 2.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,203 shares of company stock valued at $4,660,459 in the last ninety days. Corporate insiders own 3.60% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of MongoDB by 6.6% in the first quarter. Vanguard Group Inc. now owns 7,809,768 shares of the company’s stock worth $1,369,833,000 after acquiring an additional 481,023 shares in the last quarter. Franklin Resources Inc. increased its position in shares of MongoDB by 9.7% in the fourth quarter. Franklin Resources Inc. now owns 2,054,888 shares of the company’s stock worth $478,398,000 after acquiring an additional 181,962 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of MongoDB by 11.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,271,444 shares of the company’s stock worth $223,011,000 after acquiring an additional 129,451 shares in the last quarter. Geode Capital Management LLC increased its position in shares of MongoDB by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 1,252,142 shares of the company’s stock worth $290,987,000 after acquiring an additional 22,106 shares in the last quarter. Finally, Amundi increased its position in shares of MongoDB by 53.0% in the first quarter. Amundi now owns 1,061,457 shares of the company’s stock worth $173,378,000 after acquiring an additional 367,717 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.
MongoDB Price Performance
Shares of MDB opened at $188.45 on Thursday. The firm’s 50 day moving average is $174.52 and its 200-day moving average is $234.21. The stock has a market capitalization of $15.30 billion, a P/E ratio of -68.78 and a beta of 1.49. MongoDB has a 12-month low of $140.78 and a 12-month high of $370.00.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.45). The business had revenue of $548.40 million during the quarter, compared to analyst estimates of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same period in the prior year, the firm earned $0.86 EPS. As a group, equities research analysts forecast that MongoDB will post -1.78 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on MDB. Citigroup reduced their price target on shares of MongoDB from $430.00 to $330.00 and set a “buy” rating on the stock in a research report on Tuesday, April 1st. Robert W. Baird reduced their price target on shares of MongoDB from $390.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Wedbush reduced their price target on shares of MongoDB from $360.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Monness Crespi & Hardt upgraded shares of MongoDB from a “sell” rating to a “neutral” rating in a research report on Monday, March 3rd. Finally, Morgan Stanley reduced their price target on shares of MongoDB from $315.00 to $235.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Nine investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $286.88.
Check Out Our Latest Stock Analysis on MDB
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.
See Also
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Article originally posted on mongodb google news. Visit mongodb google news