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MongoDB Sees Unusually High Options Volume (NASDAQ:MDB) – The AM Reporter

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Posted on mongodb google news. Visit mongodb google news

MongoDB, Inc. (NASDAQ:MDBGet Rating) saw some unusual options trading on Wednesday. Investors bought 23,831 put options on the company. This represents an increase of 2,157% compared to the typical volume of 1,056 put options.

Insider Activity

In related news, CTO Mark Porter sold 909 shares of the firm’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $198.84, for a total transaction of $180,745.56. Following the completion of the transaction, the chief technology officer now directly owns 28,212 shares of the company’s stock, valued at approximately $5,609,674.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CTO Mark Porter sold 909 shares of the firm’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $198.84, for a total transaction of $180,745.56. Following the completion of the transaction, the chief technology officer now directly owns 28,212 shares of the company’s stock, valued at approximately $5,609,674.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Hope F. Cochran sold 1,175 shares of the firm’s stock in a transaction on Thursday, December 15th. The stock was sold at an average price of $208.65, for a total value of $245,163.75. Following the transaction, the director now directly owns 7,674 shares of the company’s stock, valued at $1,601,180.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 59,846 shares of company stock worth $11,956,703. Insiders own 5.70% of the company’s stock.

Institutional Investors Weigh In On MongoDB

A number of hedge funds and other institutional investors have recently bought and sold shares of MDB. Venture Visionary Partners LLC purchased a new position in shares of MongoDB during the 2nd quarter valued at $28,000. Oppenheimer & Co. Inc. grew its position in shares of MongoDB by 3.5% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 4,070 shares of the company’s stock valued at $1,056,000 after purchasing an additional 137 shares in the last quarter. Shell Asset Management Co. grew its position in shares of MongoDB by 7.0% during the 2nd quarter. Shell Asset Management Co. now owns 2,020 shares of the company’s stock valued at $524,000 after purchasing an additional 133 shares in the last quarter. Newbridge Financial Services Group Inc. grew its position in shares of MongoDB by 18.1% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 549 shares of the company’s stock valued at $142,000 after purchasing an additional 84 shares in the last quarter. Finally, Wealthfront Advisers LLC grew its position in shares of MongoDB by 61.5% during the 2nd quarter. Wealthfront Advisers LLC now owns 2,082 shares of the company’s stock valued at $540,000 after purchasing an additional 793 shares in the last quarter. Institutional investors own 84.86% of the company’s stock.

MongoDB Trading Down 0.0 %

Shares of MDB stock opened at $188.81 on Thursday. The company’s fifty day simple moving average is $174.47 and its two-hundred day simple moving average is $238.25. The company has a debt-to-equity ratio of 1.66, a current ratio of 4.10 and a quick ratio of 4.10. MongoDB has a 1 year low of $135.15 and a 1 year high of $546.73. The stock has a market capitalization of $13.08 billion, a price-to-earnings ratio of -35.16 and a beta of 1.02.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MDB. Morgan Stanley raised their target price on MongoDB from $215.00 to $230.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 7th. Needham & Company LLC raised their target price on MongoDB from $225.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, December 21st. Canaccord Genuity Group reduced their target price on MongoDB from $300.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, December 7th. Credit Suisse Group reduced their target price on MongoDB from $400.00 to $305.00 and set an “outperform” rating for the company in a research note on Wednesday, December 7th. Finally, Redburn Partners upgraded MongoDB from a “sell” rating to a “neutral” rating in a research note on Tuesday, October 18th. Three equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $270.00.

About MongoDB

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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.

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

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