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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) was the recipient of unusually large options trading on Wednesday. Traders purchased 36,130 call options on the stock. This is an increase of approximately 2,077% compared to the average daily volume of 1,660 call options.
MongoDB Stock Performance
Shares of MDB stock opened at $172.17 on Thursday. The stock has a 50 day moving average price of $188.41 and a 200 day moving average price of $246.79. MongoDB has a 52-week low of $140.78 and a 52-week high of $387.19. The firm has a market capitalization of $13.98 billion, a P/E ratio of -62.84 and a beta of 1.49.
MongoDB (NASDAQ:MDB – Get Free Report) last released its earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.45). The business had revenue of $548.40 million for the quarter, compared to the consensus estimate 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 quarter last year, the business posted $0.86 earnings per share. As a group, sell-side analysts forecast that MongoDB will post -1.78 EPS for the current year.
Insider Transactions at MongoDB
In related news, CEO Dev Ittycheria sold 18,512 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was 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 of the company’s stock, valued at approximately $46,597,930.48. This represents a 6.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Cedric Pech sold 1,690 shares of MongoDB stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total value of $292,809.40. Following the completion of the sale, the insider now directly owns 57,634 shares of the company’s stock, valued at approximately $9,985,666.84. The trade was a 2.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 39,345 shares of company stock valued at $8,485,310 in the last quarter. 3.60% of the stock is owned by insiders.
Hedge Funds Weigh In On MongoDB
A number of institutional investors have recently modified their holdings of MDB. Cloud Capital Management LLC bought a new position in MongoDB in the first quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of MongoDB in the 4th quarter worth $29,000. Hilltop National Bank lifted its holdings in shares of MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after buying an additional 42 shares during the period. NCP Inc. bought a new position in shares of MongoDB during the 4th quarter worth $35,000. Finally, Versant Capital Management Inc raised its holdings in shares of MongoDB by 1,100.0% in the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $42,000 after acquiring an additional 165 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
MDB has been the topic of several research reports. Rosenblatt Securities restated a “buy” rating and issued a $350.00 target price on shares of MongoDB in a report on Tuesday, March 4th. Stifel Nicolaus dropped their price objective on shares of MongoDB from $340.00 to $275.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Robert W. Baird reduced their target price on shares of MongoDB from $390.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Truist Financial cut their price objective on shares of MongoDB from $300.00 to $275.00 and set a “buy” rating for the company in a research report on Monday, March 31st. Finally, Loop Capital lowered their target price on MongoDB from $400.00 to $350.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Eight analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and a consensus target price of $294.78.
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.
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Article originally posted on mongodb google news. Visit mongodb google news