MMS • RSS
Posted on mongodb google news. Visit mongodb google news
MongoDB, Inc. (NASDAQ:MDB – Get Rating) was the recipient of some unusual options trading on Wednesday. Investors bought 23,831 put options on the company. This is an increase of 2,157% compared to the average volume of 1,056 put options.
Insider Activity
In other news, CRO Cedric Pech sold 328 shares of MongoDB stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $199.31, for a total transaction of $65,373.68. Following the sale, the executive now directly owns 33,829 shares of the company’s stock, valued at $6,742,457.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CRO Cedric Pech sold 328 shares of the firm’s stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $199.31, for a total transaction of $65,373.68. Following the completion of the transaction, the executive now directly owns 33,829 shares in the company, valued at $6,742,457.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Mark Porter sold 635 shares of the firm’s stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $187.72, for a total value of $119,202.20. Following the transaction, the chief technology officer now owns 27,577 shares of the company’s stock, valued at $5,176,754.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 58,074 shares of company stock valued at $11,604,647. 5.70% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On MongoDB
A number of institutional investors and hedge funds have recently modified their holdings of MDB. Raymond James & Associates lifted its holdings in shares of MongoDB by 32.0% in the first quarter. Raymond James & Associates now owns 4,922 shares of the company’s stock worth $2,183,000 after buying an additional 1,192 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of MongoDB by 19.1% in the first quarter. PNC Financial Services Group Inc. now owns 1,282 shares of the company’s stock worth $569,000 after buying an additional 206 shares in the last quarter. MetLife Investment Management LLC purchased a new stake in MongoDB in the first quarter valued at approximately $1,823,000. Panagora Asset Management Inc. raised its stake in MongoDB by 9.8% in the first quarter. Panagora Asset Management Inc. now owns 1,977 shares of the company’s stock valued at $877,000 after purchasing an additional 176 shares in the last quarter. Finally, Vontobel Holding Ltd. raised its stake in MongoDB by 100.3% in the first quarter. Vontobel Holding Ltd. now owns 2,873 shares of the company’s stock valued at $1,236,000 after purchasing an additional 1,439 shares in the last quarter. 84.86% of the stock is owned by hedge funds and other institutional investors.
MongoDB Price Performance
NASDAQ MDB opened at $222.63 on Thursday. The company has a market cap of $15.43 billion, a PE ratio of -41.46 and a beta of 0.94. MongoDB has a 52 week low of $135.15 and a 52 week high of $471.96. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 1.66. The firm’s 50-day simple moving average is $196.56 and its two-hundred day simple moving average is $221.63.
MongoDB (NASDAQ:MDB – Get Rating) last released its quarterly earnings data on Tuesday, December 6th. The company reported ($1.23) EPS for the quarter, beating the consensus estimate of ($1.48) by $0.25. The business had revenue of $333.62 million for the quarter, compared to the consensus estimate of $302.39 million. MongoDB had a negative net margin of 30.73% and a negative return on equity of 52.50%. Research analysts predict that MongoDB will post -4.65 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research firms have recently commented on MDB. Canaccord Genuity Group decreased their price objective on MongoDB from $300.00 to $270.00 and set a “buy” rating for the company in a report on Wednesday, December 7th. Wedbush began coverage on shares of MongoDB in a research note on Wednesday, December 14th. They set an “outperform” rating and a $240.00 price target for the company. Redburn Partners upgraded shares of MongoDB from a “sell” rating to a “neutral” rating in a research note on Tuesday, October 18th. Barclays boosted their price target on shares of MongoDB from $233.00 to $240.00 and gave the company an “overweight” rating in a research note on Wednesday, December 7th. Finally, KeyCorp boosted their price target on shares of MongoDB from $220.00 to $255.00 and gave the company an “overweight” rating in a research note on Monday. Four equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $265.91.
MongoDB Company Profile
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.
Recommended Stories
Receive News & Ratings for MongoDB Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for MongoDB and related companies with MarketBeat.com’s FREE daily email newsletter.
Article originally posted on mongodb google news. Visit mongodb google news