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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) was the target of some unusual options trading activity on Wednesday. Investors bought 36,130 call options on the company. This is an increase of 2,077% compared to the typical volume of 1,660 call options.
MongoDB Trading Down 1.1%
MongoDB stock opened at $193.74 on Thursday. The stock has a market cap of $15.73 billion, a PE ratio of -70.71 and a beta of 1.49. The stock has a 50-day moving average price of $174.68 and a 200 day moving average price of $240.73. MongoDB has a 52 week low of $140.78 and a 52 week high of $379.06.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.45). MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business had revenue of $548.40 million during the quarter, compared to analysts’ expectations of $519.65 million. During the same quarter last year, the firm earned $0.86 EPS. On average, equities analysts predict that MongoDB will post -1.78 EPS for the current year.
Wall Street Analyst Weigh In
MDB has been the subject of a number of recent analyst reports. Citigroup lowered their target price on shares of MongoDB from $430.00 to $330.00 and set a “buy” rating for the company in a research note on Tuesday, April 1st. Truist Financial cut their target price on shares of MongoDB from $300.00 to $275.00 and set a “buy” rating for the company in a report on Monday, March 31st. Barclays cut their target price on shares of MongoDB from $330.00 to $280.00 and set an “overweight” rating for the company in a report on Thursday, March 6th. Bank of America cut their target price on shares of MongoDB from $420.00 to $286.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Finally, Morgan Stanley reduced their price objective on shares of MongoDB from $315.00 to $235.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Eight investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $294.78.
Read Our Latest Research Report on MongoDB
Insider Buying and Selling at MongoDB
In other news, CEO Dev Ittycheria sold 8,335 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $267.48, for a total value of $2,229,445.80. Following the completion of the sale, the chief executive officer now owns 217,294 shares in the company, valued at approximately $58,121,799.12. This trade represents a 3.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 885 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $292.05, for a total transaction of $258,464.25. Following the transaction, the director now directly owns 83,845 shares in the company, valued at $24,486,932.25. This trade represents a 1.04% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,423 shares of company stock valued at $7,148,369. Insiders own 3.60% of the company’s stock.
Institutional Trading of MongoDB
A number of institutional investors have recently modified their holdings of MDB. Cloud Capital Management LLC purchased a new stake in shares of MongoDB during the 1st quarter worth about $25,000. Hollencrest Capital Management purchased a new stake in shares of MongoDB during the 1st quarter worth about $26,000. Cullen Frost Bankers Inc. grew its holdings in shares of MongoDB by 315.8% during the 1st quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company’s stock worth $28,000 after purchasing an additional 120 shares during the period. Strategic Investment Solutions Inc. IL purchased a new stake in shares of MongoDB during the 4th quarter worth about $29,000. Finally, NCP Inc. purchased a new stake in shares of MongoDB during the 4th quarter worth about $35,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.
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.
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Article originally posted on mongodb google news. Visit mongodb google news