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

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Posted on mongodb google news. Visit mongodb google news

MongoDB, Inc. (NASDAQ:MDBGet Free Report) was the target of unusually large options trading on Wednesday. Stock traders bought 36,130 call options on the company. This represents an increase of 2,077% compared to the typical daily volume of 1,660 call options.

Insider Buying and Selling

In other MongoDB news, CAO Thomas Bull sold 170 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total value of $59,180.40. Following the transaction, the chief accounting officer now directly owns 17,360 shares in the company, valued at approximately $6,043,363.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Michael Lawrence Gordon sold 10,000 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $469.84, for a total value of $4,698,400.00. Following the transaction, the chief financial officer now owns 70,985 shares of the company’s stock, valued at approximately $33,351,592.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Thomas Bull sold 170 shares of the stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total value of $59,180.40. Following the completion of the transaction, the chief accounting officer now directly owns 17,360 shares in the company, valued at approximately $6,043,363.20. The disclosure for this sale can be found here. Insiders have sold a total of 57,802 shares of company stock worth $22,142,301 in the last three months. Insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MDB. Transcendent Capital Group LLC acquired a new stake in MongoDB in the fourth quarter valued at $25,000. BluePath Capital Management LLC acquired a new stake in MongoDB during the 3rd quarter worth about $30,000. Blue Trust Inc. grew its holdings in MongoDB by 937.5% during the 4th quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after acquiring an additional 75 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in MongoDB during the 3rd quarter worth about $35,000. Finally, AM Squared Ltd bought a new position in shares of MongoDB during the 3rd quarter worth about $35,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Stock Down 2.7 %

NASDAQ MDB opened at $363.17 on Friday. The business has a fifty day moving average price of $373.33 and a two-hundred day moving average price of $390.92. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40. MongoDB has a fifty-two week low of $215.56 and a fifty-two week high of $509.62. The stock has a market capitalization of $26.45 billion, a PE ratio of -146.44 and a beta of 1.19.

MongoDB (NASDAQ:MDBGet Free Report) last announced its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by ($0.32). The company had revenue of $458.00 million for the quarter, compared to analyst estimates of $431.99 million. MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. Equities analysts expect that MongoDB will post -2.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MDB. Stifel Nicolaus reaffirmed a “buy” rating and set a $435.00 price objective on shares of MongoDB in a research note on Thursday, March 14th. Redburn Atlantic restated a “sell” rating and issued a $295.00 price objective (down previously from $410.00) on shares of MongoDB in a report on Tuesday, March 19th. Citigroup raised their price objective on MongoDB from $515.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. KeyCorp lowered their price target on MongoDB from $490.00 to $440.00 and set an “overweight” rating on the stock in a research report on Thursday, April 18th. Finally, Truist Financial boosted their price target on MongoDB from $440.00 to $500.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $443.86.

View Our Latest Report on MongoDB

About MongoDB

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

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