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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) was the target of unusually large options trading on Wednesday. Stock traders purchased 36,130 call options on the company. This is an increase of 2,077% compared to the typical volume of 1,660 call options.
Insiders Place Their Bets
In other MongoDB news, Director Dwight A. Merriman sold 6,000 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $415.06, for a total value of $2,490,360.00. Following the completion of the sale, the director now directly owns 1,207,159 shares of the company’s stock, valued at $501,043,414.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Dwight A. Merriman sold 6,000 shares of the firm’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $415.06, for a total value of $2,490,360.00. Following the completion of the transaction, the director now directly owns 1,207,159 shares of the company’s stock, valued at $501,043,414.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $420.00, for a total value of $420,000.00. Following the completion of the transaction, the director now directly owns 1,213,159 shares of the company’s stock, valued at $509,526,780. The disclosure for this sale can be found here. Insiders sold 102,220 shares of company stock valued at $38,763,571 over the last ninety days. 4.80% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Jennison Associates LLC boosted its position in shares of MongoDB by 101,056.3% in the 2nd quarter. Jennison Associates LLC now owns 1,988,733 shares of the company’s stock worth $817,350,000 after purchasing an additional 1,986,767 shares in the last quarter. 1832 Asset Management L.P. boosted its position in shares of MongoDB by 3,283,771.0% in the 4th quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock worth $200,383,000 after purchasing an additional 1,017,969 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of MongoDB by 13.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,593,996 shares of the company’s stock worth $1,770,313,000 after purchasing an additional 897,911 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of MongoDB by 493.2% in the 4th quarter. Renaissance Technologies LLC now owns 918,200 shares of the company’s stock worth $180,738,000 after purchasing an additional 763,400 shares in the last quarter. Finally, Norges Bank bought a new position in MongoDB in the 4th quarter valued at approximately $147,735,000. Hedge funds and other institutional investors own 89.22% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on MDB shares. William Blair reaffirmed an “outperform” rating on shares of MongoDB in a report on Friday, June 2nd. VNET Group reissued a “maintains” rating on shares of MongoDB in a research note on Monday, June 26th. Capital One Financial assumed coverage on MongoDB in a research note on Monday, June 26th. They set an “equal weight” rating and a $396.00 price objective for the company. Needham & Company LLC lifted their price objective on MongoDB from $250.00 to $430.00 in a research note on Friday, June 2nd. Finally, 22nd Century Group reissued a “maintains” rating on shares of MongoDB in a research note on Monday, June 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $378.09.
Get Our Latest Research Report on MDB
MongoDB Stock Up 2.4 %
MDB stock opened at $370.74 on Thursday. MongoDB has a fifty-two week low of $135.15 and a fifty-two week high of $439.00. The business’s 50 day moving average price is $391.60 and its two-hundred day moving average price is $297.24. The company has a debt-to-equity ratio of 1.44, a quick ratio of 4.19 and a current ratio of 4.19. The company has a market capitalization of $26.17 billion, a price-to-earnings ratio of -79.39 and a beta of 1.13.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its earnings results on Thursday, June 1st. The company reported $0.56 earnings per share 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 firm had revenue of $368.28 million for the quarter, compared to the consensus estimate of $347.77 million. During the same quarter in the prior year, the business earned ($1.15) EPS. The business’s revenue for the quarter was up 29.0% on a year-over-year basis. As a group, analysts forecast that MongoDB will post -2.8 earnings per share for the current fiscal year.
About MongoDB
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.
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Article originally posted on mongodb google news. Visit mongodb google news