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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) saw some unusual options trading on Wednesday. Stock traders acquired 36,130 call options on the stock. This is an increase of 2,077% compared to the typical volume of 1,660 call options.
MongoDB Stock Down 3.0 %
MongoDB stock opened at $382.26 on Thursday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 4.19 and a current ratio of 4.19. The firm has a market capitalization of $26.98 billion, a price-to-earnings ratio of -110.48 and a beta of 1.11. MongoDB has a fifty-two week low of $135.15 and a fifty-two week high of $439.00. The stock’s fifty day moving average is $390.04 and its two-hundred day moving average is $308.14.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on MDB. Needham & Company LLC boosted their target price on MongoDB from $430.00 to $445.00 and gave the stock a “buy” rating in a research note on Friday, September 1st. Truist Financial boosted their price objective on MongoDB from $420.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, September 1st. William Blair reiterated an “outperform” rating on shares of MongoDB in a research note on Friday, June 2nd. UBS Group boosted their price objective on MongoDB from $425.00 to $465.00 and gave the company a “buy” rating in a research note on Friday, September 1st. Finally, KeyCorp boosted their price objective on MongoDB from $372.00 to $462.00 and gave the company an “overweight” rating in a research note on Friday, July 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have given a buy rating to the company’s stock. According to MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and an average target price of $418.08.
Read Our Latest Analysis on MongoDB
Insider Buying and Selling at MongoDB
In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $420.00, for a total value of $420,000.00. Following the completion of the transaction, the director now directly owns 1,213,159 shares of the company’s stock, valued at approximately $509,526,780. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $420.00, for a total value of $420,000.00. Following the completion of the transaction, the director now directly owns 1,213,159 shares of the company’s stock, valued at approximately $509,526,780. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Thomas Bull sold 516 shares of MongoDB stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $406.78, for a total value of $209,898.48. Following the completion of the transaction, the chief accounting officer now owns 17,190 shares of the company’s stock, valued at approximately $6,992,548.20. The disclosure for this sale can be found here. Insiders sold a total of 83,551 shares of company stock valued at $33,875,952 in the last three months. 4.80% of the stock is owned by corporate insiders.
Institutional Trading of MongoDB
Large investors have recently bought and sold shares of the company. Alamar Capital Management LLC lifted its position in shares of MongoDB by 2.4% in the second quarter. Alamar Capital Management LLC now owns 9,056 shares of the company’s stock valued at $3,722,000 after acquiring an additional 210 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of MongoDB by 47.9% in the second quarter. Osaic Holdings Inc. now owns 14,324 shares of the company’s stock valued at $5,876,000 after acquiring an additional 4,640 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in shares of MongoDB by 365.9% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 7,142 shares of the company’s stock valued at $2,935,000 after acquiring an additional 5,609 shares in the last quarter. Coppell Advisory Solutions LLC purchased a new stake in shares of MongoDB in the second quarter valued at $43,000. Finally, Alliancebernstein L.P. lifted its position in shares of MongoDB by 62.6% in the second quarter. Alliancebernstein L.P. now owns 264,330 shares of the company’s stock valued at $108,637,000 after acquiring an additional 101,804 shares in the last quarter. Institutional investors and hedge funds own 88.89% of the company’s stock.
MongoDB Company Profile
MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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