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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) was the target of some unusual options trading on Wednesday. Traders acquired 23,831 put options on the stock. This is an increase of 2,157% compared to the average volume of 1,056 put options.
Insider Buying and Selling at MongoDB
In other news, Director Dwight A. Merriman sold 820 shares of the business’s stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $210.84, for a total transaction of $172,888.80. Following the completion of the sale, the director owned 1,106,186 shares of the company’s stock, valued at $233,228,256.24. The trade was a 0.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Hope F. Cochran sold 1,174 shares of the business’s stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $201.08, for a total transaction of $236,067.92. Following the sale, the director directly owned 21,096 shares of the company’s stock, valued at approximately $4,241,983.68. The trade was a 5.27% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,746 shares of company stock valued at $7,500,196. 3.10% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On MongoDB
Several institutional investors and hedge funds have recently modified their holdings of the stock. Cloud Capital Management LLC purchased a new position in MongoDB in the first quarter worth about $25,000. Hollencrest Capital Management bought a new stake in MongoDB during the 1st quarter valued at approximately $26,000. Cullen Frost Bankers Inc. increased its stake in MongoDB by 315.8% in the 1st quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company’s stock worth $28,000 after acquiring an additional 120 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in MongoDB in the 4th quarter worth approximately $29,000. Finally, Coppell Advisory Solutions LLC increased its stake in MongoDB by 364.0% in the 4th quarter. Coppell Advisory Solutions LLC now owns 232 shares of the company’s stock worth $54,000 after acquiring an additional 182 shares during the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.
MongoDB Price Performance
Shares of NASDAQ MDB opened at $228.25 on Thursday. The company has a 50-day moving average price of $204.58 and a 200-day moving average price of $212.84. MongoDB has a 1 year low of $140.78 and a 1 year high of $370.00. The stock has a market capitalization of $18.65 billion, a P/E ratio of -200.22 and a beta of 1.41.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.65 by $0.35. MongoDB had a negative net margin of 4.09% and a negative return on equity of 3.16%. The business had revenue of $549.01 million for the quarter, compared to analyst estimates of $527.49 million. During the same quarter in the previous year, the firm posted $0.51 earnings per share. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. As a group, equities research analysts anticipate that MongoDB will post -1.78 earnings per share for the current fiscal year.
Analyst Ratings Changes
MDB has been the topic of a number of recent analyst reports. Cantor Fitzgerald increased their price objective on shares of MongoDB from $252.00 to $271.00 and gave the stock an “overweight” rating in a research report on Thursday, June 5th. Royal Bank Of Canada reissued an “outperform” rating and set a $320.00 target price on shares of MongoDB in a research report on Thursday, June 5th. JMP Securities reaffirmed a “market outperform” rating and issued a $345.00 price target on shares of MongoDB in a report on Thursday, June 5th. Wolfe Research started coverage on shares of MongoDB in a report on Wednesday, July 9th. They set an “outperform” rating and a $280.00 target price for the company. Finally, Morgan Stanley dropped their price target on shares of MongoDB from $315.00 to $235.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Nine investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $281.35.
Get Our Latest Stock Analysis on MDB
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.
Further Reading
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