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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) was the recipient of some unusual options trading on Wednesday. Investors purchased 23,831 put options on the stock. This is an increase of 2,157% compared to the average daily volume of 1,056 put options.
Insider Activity
In other news, insider Cedric Pech sold 1,690 shares of MongoDB stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $292,809.40. Following the completion of the sale, the insider now owns 57,634 shares in the company, valued at approximately $9,985,666.84. This trade represents a 2.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Hope F. Cochran sold 1,175 shares of MongoDB stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $174.69, for a total value of $205,260.75. Following the sale, the director now owns 19,333 shares of the company’s stock, valued at approximately $3,377,281.77. This trade represents a 5.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 49,208 shares of company stock valued at $10,167,739 in the last ninety days. 3.10% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cloud Capital Management LLC purchased a new position in MongoDB during the 1st quarter worth $25,000. Hollencrest Capital Management purchased a new stake in MongoDB during the 1st quarter valued at about $26,000. Cullen Frost Bankers Inc. grew its stake in MongoDB by 315.8% during the 1st quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company’s stock valued at $28,000 after purchasing an additional 120 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in MongoDB during the 4th quarter valued at about $29,000. Finally, NCP Inc. acquired a new position in shares of MongoDB in the 4th quarter valued at about $35,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.
MongoDB Stock Down 1.1%
Shares of NASDAQ MDB opened at $210.60 on Thursday. The business has a fifty day simple moving average of $179.38 and a two-hundred day simple moving average of $227.94. The firm has a market cap of $17.10 billion, a PE ratio of -76.86 and a beta of 1.39. MongoDB has a twelve month low of $140.78 and a twelve month high of $370.00.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.35. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business had revenue of $549.01 million for the quarter, compared to the consensus estimate of $527.49 million. During the same period last year, the business posted $0.51 EPS. The business’s revenue was up 21.8% compared to the same quarter last year. On average, research analysts expect that MongoDB will post -1.78 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the company. Citigroup decreased their price target on MongoDB from $430.00 to $330.00 and set a “buy” rating on the stock in a research note on Tuesday, April 1st. Monness Crespi & Hardt upgraded MongoDB from a “neutral” rating to a “buy” rating and set a $295.00 price target on the stock in a research report on Thursday, June 5th. Canaccord Genuity Group dropped their price target on MongoDB from $385.00 to $320.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Cantor Fitzgerald boosted their target price on MongoDB from $252.00 to $271.00 and gave the stock an “overweight” rating in a report on Thursday, June 5th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $270.00 target price on shares of MongoDB in a report on Thursday, June 5th. Eight analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $282.47.
View Our Latest Report on MongoDB
MongoDB Company Profile
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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