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MongoDB, Inc. (NASDAQ:MDB – Get Rating) saw some unusual options trading on Wednesday. Stock investors purchased 23,831 put options on the company. This is an increase of 2,157% compared to the typical volume of 1,056 put options.
Analyst Upgrades and Downgrades
MDB has been the subject of several analyst reports. Barclays boosted their target price on MongoDB from $280.00 to $374.00 in a research report on Friday, June 2nd. Morgan Stanley upgraded MongoDB from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $230.00 to $270.00 in a research report on Wednesday, April 12th. Royal Bank of Canada boosted their target price on MongoDB from $235.00 to $400.00 in a research report on Friday, June 2nd. Credit Suisse Group decreased their target price on MongoDB from $305.00 to $250.00 and set an “outperform” rating for the company in a research report on Friday, March 10th. Finally, Stifel Nicolaus boosted their price objective on MongoDB from $240.00 to $375.00 in a research report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $328.35.
Insider Buying and Selling at MongoDB
In related news, CAO Thomas Bull sold 605 shares of MongoDB stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $228.34, for a total value of $138,145.70. Following the completion of the transaction, the chief accounting officer now directly owns 17,706 shares of the company’s stock, valued at $4,042,988.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Thomas Bull sold 605 shares of MongoDB stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $228.34, for a total value of $138,145.70. Following the completion of the transaction, the chief accounting officer now directly owns 17,706 shares of the company’s stock, valued at $4,042,988.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael Lawrence Gordon sold 5,157 shares of MongoDB stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $228.36, for a total value of $1,177,652.52. Following the completion of the transaction, the chief financial officer now directly owns 103,706 shares of the company’s stock, valued at $23,682,302.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 106,682 shares of company stock valued at $26,516,196. 4.80% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of MDB. Cherry Creek Investment Advisors Inc. boosted its stake in shares of MongoDB by 1.5% during the fourth quarter. Cherry Creek Investment Advisors Inc. now owns 3,283 shares of the company’s stock valued at $646,000 after purchasing an additional 50 shares in the last quarter. CWM LLC boosted its stake in shares of MongoDB by 2.4% during the first quarter. CWM LLC now owns 2,235 shares of the company’s stock valued at $521,000 after purchasing an additional 52 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of MongoDB by 29.5% during the first quarter. First Horizon Advisors Inc. now owns 228 shares of the company’s stock valued at $53,000 after purchasing an additional 52 shares in the last quarter. Allworth Financial LP boosted its stake in shares of MongoDB by 12.9% during the fourth quarter. Allworth Financial LP now owns 508 shares of the company’s stock valued at $100,000 after purchasing an additional 58 shares in the last quarter. Finally, Bleakley Financial Group LLC boosted its stake in shares of 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 purchasing an additional 58 shares in the last quarter. Institutional investors own 84.86% of the company’s stock.
MongoDB Stock Up 2.9 %
Shares of NASDAQ MDB opened at $385.40 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 4.19 and a current ratio of 4.19. MongoDB has a 52 week low of $135.15 and a 52 week high of $398.89. The stock has a market capitalization of $26.99 billion, a P/E ratio of -81.78 and a beta of 1.04. The stock’s fifty day moving average is $272.74 and its 200 day moving average is $227.46.
MongoDB (NASDAQ:MDB – Get Rating) last issued its quarterly earnings results on Thursday, June 1st. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.38. MongoDB had a negative return on equity of 43.25% and a negative net margin of 23.58%. The company had revenue of $368.28 million for the quarter, compared to analysts’ expectations of $347.77 million. During the same quarter last year, the business earned ($1.15) earnings per share. MongoDB’s revenue was up 29.0% on a year-over-year basis. Sell-side analysts forecast that MongoDB will post -2.85 earnings per share for the current fiscal year.
MongoDB Company Profile
MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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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