MongoDB Sees Unusually High Options Volume (NASDAQ:MDB) – Defense World

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MongoDB, Inc. (NASDAQ:MDBGet Rating) saw unusually large options trading activity on Wednesday. Stock investors purchased 36,130 call options on the stock. This is an increase of approximately 2,077% compared to the average daily volume of 1,660 call options.

Insider Transactions at MongoDB

In other MongoDB news, CAO Thomas Bull sold 605 shares of MongoDB stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $228.34, for a total value of $138,145.70. Following the completion of the sale, the chief accounting officer now owns 17,706 shares in the company, valued at approximately $4,042,988.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other MongoDB news, CAO Thomas Bull sold 605 shares of the business’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $228.34, for a total transaction of $138,145.70. Following the sale, the chief accounting officer now directly owns 17,706 shares of the company’s stock, valued at approximately $4,042,988.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Cedric Pech sold 720 shares of the business’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $228.33, for a total transaction of $164,397.60. Following the sale, the executive now directly owns 53,050 shares in the company, valued at $12,112,906.50. The disclosure for this sale can be found here. Insiders sold 81,013 shares of company stock valued at $18,896,567 over the last quarter. Corporate insiders own 4.80% of the company’s stock.

Hedge Funds Weigh In On MongoDB

A number of institutional investors have recently bought and sold shares of MDB. Cherry Creek Investment Advisors Inc. lifted its holdings in MongoDB by 1.5% during the 4th quarter. Cherry Creek Investment Advisors Inc. now owns 3,283 shares of the company’s stock worth $646,000 after purchasing an additional 50 shares during the last quarter. CWM LLC raised its stake in MongoDB by 2.4% during the 1st quarter. CWM LLC now owns 2,235 shares of the company’s stock worth $521,000 after buying an additional 52 shares during the period. First Horizon Advisors Inc. increased its holdings in MongoDB by 29.5% during the 1st quarter. First Horizon Advisors Inc. now owns 228 shares of the company’s stock worth $53,000 after purchasing an additional 52 shares in the last quarter. Allworth Financial LP grew its holdings in shares of MongoDB by 12.9% in the fourth quarter. Allworth Financial LP now owns 508 shares of the company’s stock valued at $100,000 after acquiring an additional 58 shares in the last quarter. Finally, Bleakley Financial Group LLC boosted its stake in MongoDB by 5.3% during the first quarter. Bleakley Financial Group LLC now owns 1,144 shares of the company’s stock valued at $267,000 after buying an additional 58 shares during the period. Hedge funds and other institutional investors own 84.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on MDB shares. The Goldman Sachs Group cut their price objective on shares of MongoDB from $325.00 to $280.00 and set a “buy” rating for the company in a research report on Thursday, March 9th. Sanford C. Bernstein started coverage on shares of MongoDB in a report on Friday, February 17th. They set an “outperform” rating and a $282.00 target price on the stock. Guggenheim cut shares of MongoDB from a “neutral” rating to a “sell” rating and upped their price target for the stock from $205.00 to $210.00 in a research note on Thursday, May 25th. They noted that the move was a valuation call. Needham & Company LLC raised their target price on shares of MongoDB from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, March 9th. Finally, Piper Sandler restated an “overweight” rating and issued a $270.00 target price on shares of MongoDB in a report on Thursday, March 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $259.83.

MongoDB Price Performance

MongoDB stock opened at $293.79 on Thursday. The firm’s 50-day simple moving average is $240.96 and its 200 day simple moving average is $212.13. MongoDB has a 52 week low of $135.15 and a 52 week high of $390.84. The firm has a market capitalization of $20.58 billion, a PE ratio of -58.29 and a beta of 1.06. The company has a quick ratio of 3.80, a current ratio of 3.80 and a debt-to-equity ratio of 1.54.

MongoDB (NASDAQ:MDBGet Rating) last posted its quarterly earnings data on Wednesday, March 8th. The company reported ($0.98) EPS for the quarter, beating analysts’ consensus estimates of ($1.18) by $0.20. MongoDB had a negative net margin of 26.90% and a negative return on equity of 48.38%. The company had revenue of $361.31 million during the quarter, compared to the consensus estimate of $335.84 million. On average, equities research analysts predict that MongoDB will post -4.04 EPS for the current fiscal year.

MongoDB Company Profile

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MongoDB, Inc engages in the development and provision of a general-purpose database platform. The firm’s products include MongoDB Enterprise Advanced, MongoDB Atlas and Community Server. It also offers professional services including consulting and training. The company was founded by Eliot Horowitz, Dwight A.

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Article originally posted on mongodb google news. Visit mongodb google news

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