MMS • RSS
MongoDB, Inc. (NASDAQ:MDB – Get Rating) saw unusually large options trading activity on Wednesday. Investors purchased 36,130 call options on the stock. This is an increase of approximately 2,077% compared to the typical daily volume of 1,660 call options.
Insiders Place Their Bets
In other MongoDB news, Director Dwight A. Merriman sold 14,000 shares of MongoDB stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $349.22, for a total transaction of $4,889,080.00. Following the sale, the director now owns 1,323,384 shares of the company’s stock, valued at approximately $462,152,160.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Dwight A. Merriman sold 14,000 shares of the stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $349.22, for a total transaction of $4,889,080.00. Following the completion of the transaction, the director now directly owns 1,323,384 shares in the company, valued at approximately $462,152,160.48. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Dev Ittycheria sold 35,000 shares of the stock in a transaction on Thursday, May 5th. The stock was sold at an average price of $321.10, for a total value of $11,238,500.00. Following the transaction, the chief executive officer now owns 204,744 shares of the company’s stock, valued at $65,743,298.40. The disclosure for this sale can be found here. Insiders have sold a total of 77,185 shares of company stock valued at $23,594,636 in the last 90 days. 5.70% of the stock is owned by insiders.
Hedge Funds Weigh In On MongoDB
Several hedge funds and other institutional investors have recently made changes to their positions in MDB. Confluence Wealth Services Inc. purchased a new stake in shares of MongoDB during the fourth quarter valued at $25,000. Bank of New Hampshire acquired a new position in shares of MongoDB in the first quarter worth about $25,000. Covestor Ltd purchased a new position in shares of MongoDB in the fourth quarter worth approximately $43,000. Cullen Frost Bankers Inc. acquired a new stake in shares of MongoDB during the first quarter valued at approximately $44,000. Finally, John W. Brooker & Co. CPAs acquired a new position in MongoDB in the 2nd quarter worth approximately $26,000. 88.70% of the stock is currently owned by institutional investors and hedge funds.
MongoDB Trading Up 2.4 %
NASDAQ:MDB opened at $297.01 on Friday. The firm has a market capitalization of $20.23 billion, a PE ratio of -61.37 and a beta of 0.91. The company has a debt-to-equity ratio of 1.69, a current ratio of 4.16 and a quick ratio of 4.16. MongoDB has a 12 month low of $213.39 and a 12 month high of $590.00. The business’s 50-day moving average is $274.51 and its two-hundred day moving average is $339.69.
MongoDB (NASDAQ:MDB – Get Rating) last issued its quarterly earnings data on Wednesday, June 1st. The company reported ($1.15) EPS for the quarter, topping analysts’ consensus estimates of ($1.34) by $0.19. MongoDB had a negative net margin of 32.75% and a negative return on equity of 45.56%. The firm had revenue of $285.45 million for the quarter, compared to analyst estimates of $267.10 million. During the same quarter in the previous year, the business posted ($0.98) EPS. The firm’s revenue was up 57.1% compared to the same quarter last year. Research analysts predict that MongoDB will post -5.08 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several analysts recently weighed in on the stock. Oppenheimer reduced their target price on shares of MongoDB from $490.00 to $400.00 and set an “outperform” rating on the stock in a report on Thursday, June 2nd. William Blair reissued an “outperform” rating on shares of MongoDB in a report on Tuesday, May 24th. UBS Group increased their price target on shares of MongoDB from $315.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, June 8th. Mizuho decreased their price target on shares of MongoDB from $325.00 to $270.00 and set a “neutral” rating for the company in a research note on Wednesday, May 18th. Finally, Piper Sandler lowered their price target on MongoDB from $430.00 to $375.00 and set an “overweight” rating on the stock in a report on Monday, July 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $401.17.
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.
Receive News & Ratings for MongoDB Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for MongoDB and related companies with MarketBeat.com’s FREE daily email newsletter.