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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) was the recipient of unusually large options trading activity on Wednesday. Investors bought 23,831 put options on the company. This represents an increase of 2,157% compared to the typical volume of 1,056 put options.
Insider Transactions at MongoDB
In other MongoDB news, CRO Cedric Pech sold 1,430 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $348.11, for a total transaction of $497,797.30. Following the completion of the sale, the executive now directly owns 45,444 shares in the company, valued at approximately $15,819,510.84. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Dwight A. Merriman sold 6,000 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $374.95, for a total transaction of $2,249,700.00. Following the completion of the sale, the director now owns 1,148,784 shares of the company’s stock, valued at approximately $430,736,560.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CRO Cedric Pech sold 1,430 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $348.11, for a total value of $497,797.30. Following the completion of the transaction, the executive now directly owns 45,444 shares in the company, valued at $15,819,510.84. The disclosure for this sale can be found here. Insiders sold 46,802 shares of company stock worth $16,514,071 over the last three months. 3.60% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On MongoDB
Several institutional investors have recently bought and sold shares of the company. Norges Bank purchased a new position in shares of MongoDB in the fourth quarter worth about $326,237,000. Jennison Associates LLC lifted its stake in MongoDB by 14.3% in the 1st quarter. Jennison Associates LLC now owns 4,408,424 shares of the company’s stock worth $1,581,037,000 after purchasing an additional 551,567 shares in the last quarter. Axiom Investors LLC DE acquired a new position in shares of MongoDB during the 4th quarter worth approximately $153,990,000. Swedbank AB acquired a new stake in shares of MongoDB in the first quarter valued at approximately $91,915,000. Finally, Clearbridge Investments LLC lifted its position in MongoDB by 109.0% during the first quarter. Clearbridge Investments LLC now owns 445,084 shares of the company’s stock worth $159,625,000 after buying an additional 232,101 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.
MongoDB Stock Performance
MongoDB stock traded down $19.70 during mid-day trading on Thursday, hitting $314.29. The company had a trading volume of 2,015,488 shares, compared to its average volume of 1,306,049. MongoDB has a 12-month low of $275.76 and a 12-month high of $509.62. The company’s fifty day moving average is $356.71 and its 200-day moving average is $392.33. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 1.07.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its earnings results on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. The business had revenue of $458.00 million for the quarter, compared to analyst estimates of $431.99 million. On average, research analysts expect that MongoDB will post -2.53 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on MDB. Truist Financial increased their price objective on shares of MongoDB from $440.00 to $500.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Monness Crespi & Hardt raised shares of MongoDB to a “hold” rating in a research note on Tuesday. Loop Capital initiated coverage on shares of MongoDB in a report on Tuesday, April 23rd. They issued a “buy” rating and a $415.00 price target on the stock. Tigress Financial lifted their price objective on shares of MongoDB from $495.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Finally, Redburn Atlantic restated a “sell” rating and issued a $295.00 target price (down from $410.00) on shares of MongoDB in a research note on Tuesday, March 19th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $444.57.
View Our Latest Stock Analysis on MongoDB
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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