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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) saw unusually large options trading activity on Wednesday. Investors bought 23,831 put options on the stock. This is an increase of approximately 2,157% compared to the typical volume of 1,056 put options.
Insider Transactions at MongoDB
In other news, CAO Thomas Bull sold 169 shares of MongoDB stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $39,561.21. Following the completion of the transaction, the chief accounting officer now directly owns 14,899 shares in the company, valued at $3,487,706.91. This trade represents a 1.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 1,385 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $287.82, for a total transaction of $398,630.70. Following the completion of the sale, the director now owns 89,063 shares in the company, valued at $25,634,112.66. This represents a 1.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,161 shares of company stock valued at $8,427,806 in the last quarter. 3.60% of the stock is currently owned by company insiders.
Institutional Trading of MongoDB
A number of hedge funds have recently made changes to their positions in MDB. Aigen Investment Management LP bought a new position in shares of MongoDB during the 3rd quarter valued at $1,045,000. Geode Capital Management LLC lifted its stake in shares of MongoDB by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock valued at $331,776,000 after acquiring an additional 34,814 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in MongoDB during the 3rd quarter valued at about $4,366,000. Charles Schwab Investment Management Inc. increased its stake in MongoDB by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock worth $75,271,000 after purchasing an additional 7,575 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in MongoDB in the second quarter valued at approximately $1,860,000. 89.29% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on MDB shares. Morgan Stanley upped their target price on shares of MongoDB from $340.00 to $350.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Tigress Financial increased their price objective on shares of MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Wells Fargo & Company boosted their target price on MongoDB from $350.00 to $425.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Robert W. Baird increased their price target on MongoDB from $380.00 to $390.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Finally, Barclays boosted their price objective on MongoDB from $375.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $367.14.
Check Out Our Latest Stock Report on MongoDB
MongoDB Price Performance
NASDAQ MDB traded up $2.72 during trading on Thursday, reaching $248.68. The company’s stock had a trading volume of 1,042,159 shares, compared to its average volume of 1,706,835. The stock has a market capitalization of $18.52 billion, a PE ratio of -90.76 and a beta of 1.25. The firm has a fifty day moving average of $282.82 and a 200 day moving average of $269.15. MongoDB has a one year low of $212.74 and a one year high of $509.62.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. During the same period last year, the firm posted $0.96 earnings per share. MongoDB’s quarterly revenue was up 22.3% on a year-over-year basis. Research analysts expect that MongoDB will post -1.86 earnings per share for the current fiscal year.
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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