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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) saw unusually large options trading activity on Wednesday. Traders bought 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.
MongoDB Price Performance
Shares of NASDAQ:MDB opened at $188.45 on Thursday. The company’s fifty day moving average price is $174.52 and its 200-day moving average price is $234.21. The firm has a market capitalization of $15.30 billion, a price-to-earnings ratio of -68.78 and a beta of 1.49. MongoDB has a one year low of $140.78 and a one year high of $370.00.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). The company had revenue of $548.40 million during 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 period in the previous year, the company earned $0.86 EPS. As a group, equities research analysts expect that MongoDB will post -1.78 EPS for the current year.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the stock. KeyCorp downgraded shares of MongoDB from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Barclays reduced their target price on shares of MongoDB from $280.00 to $252.00 and set an “overweight” rating for the company in a research report on Friday, May 16th. UBS Group set a $350.00 target price on shares of MongoDB in a research report on Tuesday, March 4th. Oppenheimer reduced their target price on shares of MongoDB from $400.00 to $330.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Finally, Citigroup reduced their target price on shares of MongoDB from $430.00 to $330.00 and set a “buy” rating for the company in a research report on Tuesday, April 1st. Nine analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and an average price target of $286.88.
Check Out Our Latest Stock Report on MDB
Insider Transactions at MongoDB
In other MongoDB news, CFO Srdjan Tanjga sold 525 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $90,961.50. Following the completion of the sale, the chief financial officer now directly owns 6,406 shares of the company’s stock, valued at approximately $1,109,903.56. This represents a 7.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 3,000 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $270.63, for a total transaction of $811,890.00. Following the completion of the sale, the director now directly owns 1,109,006 shares of the company’s stock, valued at $300,130,293.78. The trade was a 0.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,203 shares of company stock valued at $4,660,459 over the last three months. Corporate insiders own 3.60% of the company’s stock.
Hedge Funds Weigh In On MongoDB
Institutional investors have recently made changes to their positions in the stock. Strategic Investment Solutions Inc. IL bought a new position in shares of MongoDB in the 4th quarter worth $29,000. Cloud Capital Management LLC bought a new position in shares of MongoDB during the 1st quarter valued at $25,000. NCP Inc. bought a new position in shares of MongoDB during the 4th quarter valued at $35,000. Hollencrest Capital Management bought a new position in shares of MongoDB during the 1st quarter valued at $26,000. Finally, 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 valued at $28,000 after purchasing an additional 120 shares during the last quarter. Institutional investors own 89.29% of the company’s stock.
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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