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MongoDB, Inc. (NASDAQ:MDB – Get Rating) was the target of unusually large options trading on Wednesday. Investors acquired 23,831 put options on the company. This represents an increase of 2,157% compared to the typical daily volume of 1,056 put options.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Robert W. Baird increased their price target on MongoDB from $205.00 to $230.00 in a research note on Wednesday, December 7th. UBS Group raised their price objective on MongoDB from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Wednesday, December 7th. Citigroup increased their target price on MongoDB from $295.00 to $300.00 in a report on Wednesday, December 7th. Credit Suisse Group reduced their target price on MongoDB from $400.00 to $305.00 and set an “outperform” rating for the company in a report on Wednesday, December 7th. Finally, JMP Securities upgraded MongoDB from a “market perform” rating to an “outperform” rating and set a $215.00 target price for the company in a report on Wednesday, December 7th. Three research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and a consensus target price of $266.90.
MongoDB Stock Performance
MDB stock opened at $188.82 on Thursday. The company has a 50 day moving average price of $174.53 and a 200 day moving average price of $233.09. The stock has a market capitalization of $13.08 billion, a PE ratio of -35.16 and a beta of 0.89. MongoDB has a fifty-two week low of $135.15 and a fifty-two week high of $471.96. The company has a debt-to-equity ratio of 1.66, a current ratio of 4.10 and a quick ratio of 4.10.
Insider Transactions at MongoDB
In related news, CRO Cedric Pech sold 328 shares of the stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $199.31, for a total value of $65,373.68. Following the completion of the transaction, the executive now directly owns 33,829 shares of the company’s stock, valued at approximately $6,742,457.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Dev Ittycheria sold 39,382 shares of the stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $199.96, for a total value of $7,874,824.72. Following the completion of the transaction, the chief executive officer now directly owns 190,264 shares of the company’s stock, valued at approximately $38,045,189.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Cedric Pech sold 328 shares of the stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $199.31, for a total value of $65,373.68. Following the completion of the transaction, the executive now directly owns 33,829 shares of the company’s stock, valued at $6,742,457.99. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 58,074 shares of company stock worth $11,604,647. 5.70% of the stock is currently owned by company insiders.
Institutional Trading of MongoDB
Several institutional investors and hedge funds have recently made changes to their positions in the business. Venture Visionary Partners LLC bought a new stake in shares of MongoDB in the 2nd quarter valued at $28,000. Oppenheimer & Co. Inc. boosted its stake in MongoDB by 3.5% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 4,070 shares of the company’s stock worth $1,056,000 after purchasing an additional 137 shares during the period. Shell Asset Management Co. boosted its stake in MongoDB by 7.0% in the 2nd quarter. Shell Asset Management Co. now owns 2,020 shares of the company’s stock worth $524,000 after purchasing an additional 133 shares during the period. Newbridge Financial Services Group Inc. boosted its stake in MongoDB by 18.1% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 549 shares of the company’s stock worth $142,000 after purchasing an additional 84 shares during the period. Finally, Wealthfront Advisers LLC boosted its stake in shares of MongoDB by 61.5% during the 2nd quarter. Wealthfront Advisers LLC now owns 2,082 shares of the company’s stock worth $540,000 after buying an additional 793 shares during the last quarter. Institutional investors own 84.86% of the company’s stock.
MongoDB Company Profile
MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; 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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