Investors Buy Large Volume of Call Options on MongoDB (NASDAQ:MDB) - Defense World

Uncategorized

Investors Buy Large Volume of Call Options on MongoDB (NASDAQ:MDB) – Defense World

MMS • RSS

Posted on mongodb google news. Visit mongodb google news

MongoDB, Inc. (NASDAQ:MDB – Get Rating) was the recipient of unusually large options trading on Wednesday. Traders acquired 36,130 call options on the stock. This represents an increase of 2,077% compared to the typical daily volume of 1,660 call options.

MongoDB Stock Down 2.5 %

Shares of NASDAQ MDB opened at $374.59 on Thursday. The company has a debt-to-equity ratio of 1.44, a current ratio of 4.19 and a quick ratio of 4.19. The stock has a market capitalization of $26.24 billion, a PE ratio of -82.25 and a beta of 1.04. MongoDB has a one year low of $135.15 and a one year high of $398.89. The business’s fifty day moving average price is $269.51 and its 200-day moving average price is $226.42.

MongoDB (NASDAQ:MDB – Get Rating) last posted its quarterly earnings results on Thursday, June 1st. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.38. MongoDB had a negative net margin of 23.58% and a negative return on equity of 43.25%. The company had revenue of $368.28 million for the quarter, compared to analyst estimates of $347.77 million. During the same quarter in the previous year, the firm posted ($1.15) earnings per share. The company’s quarterly revenue was up 29.0% compared to the same quarter last year. On average, equities research analysts anticipate that MongoDB will post -2.85 EPS for the current year.

Insiders Place Their Bets

In related news, CTO Mark Porter sold 2,669 shares of the stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $381.12, for a total transaction of $1,017,209.28. Following the completion of the transaction, the chief technology officer now directly owns 37,667 shares in the company, valued at $14,355,647.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CTO Mark Porter sold 2,669 shares of the stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $381.12, for a total value of $1,017,209.28. Following the completion of the sale, the chief technology officer now owns 37,667 shares of the company’s stock, valued at approximately $14,355,647.04. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Thomas Bull sold 605 shares of the business’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $228.34, for a total transaction of $138,145.70. Following the transaction, the chief accounting officer now owns 17,706 shares in the company, valued at $4,042,988.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 106,682 shares of company stock worth $26,516,196. Corporate insiders own 4.80% of the company’s stock.

Institutional Trading of MongoDB

Hedge funds and other institutional investors have recently bought and sold shares of the company. Empower Advisory Group LLC bought a new position in MongoDB in the 1st quarter worth about $7,302,000. Toroso Investments LLC raised its stake in MongoDB by 5.4% in the first quarter. Toroso Investments LLC now owns 2,827 shares of the company’s stock valued at $659,000 after purchasing an additional 144 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in MongoDB by 16.0% during the first quarter. B. Riley Wealth Advisors Inc. now owns 1,457 shares of the company’s stock valued at $340,000 after purchasing an additional 201 shares during the last quarter. AM Squared Ltd grew its stake in MongoDB by 33.3% in the 1st quarter. AM Squared Ltd now owns 1,200 shares of the company’s stock worth $280,000 after buying an additional 300 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of MongoDB by 31.5% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 208,455 shares of the company’s stock worth $48,595,000 after buying an additional 49,900 shares during the last quarter. Institutional investors own 84.86% of the company’s stock.

Analysts Set New Price Targets

MDB has been the topic of a number of research analyst reports. Wedbush cut their target price on shares of MongoDB from $240.00 to $230.00 in a research report on Thursday, March 9th. Guggenheim cut MongoDB from a “neutral” rating to a “sell” rating and upped their target price for the stock from $205.00 to $210.00 in a report on Thursday, May 25th. They noted that the move was a valuation call. Mizuho lifted their price target on MongoDB from $180.00 to $220.00 in a research note on Friday, June 2nd. Citigroup raised their price objective on shares of MongoDB from $363.00 to $430.00 in a report on Friday, June 2nd. Finally, Morgan Stanley raised shares of MongoDB from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $230.00 to $270.00 in a report on Wednesday, April 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $328.35.

MongoDB Company Profile

(Get Rating)

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.

Mobile Monitoring Solutions

Uncategorized