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

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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. Stock investors acquired 23,831 put options on the company. This represents an increase of approximately 2,157% compared to the typical volume of 1,056 put options.

Insider Buying and Selling at MongoDB

In other MongoDB news, CRO Cedric Pech sold 350 shares of the business’s stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $264.46, for a total value of $92,561.00. Following the completion of the sale, the executive now owns 45,785 shares in the company, valued at $12,108,301.10. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CRO Cedric Pech sold 350 shares of the company’s stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $264.46, for a total transaction of $92,561.00. Following the completion of the sale, the executive now owns 45,785 shares in the company, valued at $12,108,301.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas Bull sold 489 shares of the company’s stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $264.45, for a total value of $129,316.05. Following the sale, the insider now owns 17,104 shares of the company’s stock, valued at approximately $4,523,152.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 69,789 shares of company stock worth $18,925,825. 5.70% of the stock is owned by insiders.

Hedge Funds Weigh In On MongoDB

Large investors have recently added to or reduced their stakes in the business. Commerce Bank raised its holdings in shares of MongoDB by 1.7% in the 4th quarter. Commerce Bank now owns 1,413 shares of the company’s stock worth $747,000 after purchasing an additional 24 shares during the period. Total Clarity Wealth Management Inc. raised its holdings in shares of MongoDB by 6.9% in the 1st quarter. Total Clarity Wealth Management Inc. now owns 465 shares of the company’s stock worth $206,000 after purchasing an additional 30 shares during the period. Ieq Capital LLC raised its holdings in shares of MongoDB by 2.3% in the 1st quarter. Ieq Capital LLC now owns 1,485 shares of the company’s stock worth $659,000 after purchasing an additional 34 shares during the period. Wedbush Securities Inc. raised its holdings in shares of MongoDB by 1.8% in the 1st quarter. Wedbush Securities Inc. now owns 2,253 shares of the company’s stock worth $999,000 after purchasing an additional 40 shares during the period. Finally, abrdn plc raised its holdings in shares of MongoDB by 0.6% in the 2nd quarter. abrdn plc now owns 6,745 shares of the company’s stock worth $1,750,000 after purchasing an additional 41 shares during the period. 89.85% of the stock is currently owned by hedge funds and other institutional investors.

MongoDB Stock Down 3.9 %

Shares of NASDAQ:MDB opened at $209.46 on Thursday. The company has a quick ratio of 4.02, a current ratio of 4.02 and a debt-to-equity ratio of 1.70. MongoDB has a 52-week low of $209.45 and a 52-week high of $590.00. The stock’s fifty day simple moving average is $302.92 and its 200-day simple moving average is $316.17. The company has a market capitalization of $14.39 billion, a P/E ratio of -39.08 and a beta of 0.95.

MongoDB (NASDAQ:MDBGet Rating) last released its earnings results on Wednesday, August 31st. The company reported ($1.69) earnings per share for the quarter, missing the consensus estimate of ($1.52) by ($0.17). MongoDB had a negative return on equity of 52.05% and a negative net margin of 33.43%. The business had revenue of $303.66 million for the quarter, compared to analysts’ expectations of $282.31 million. During the same quarter last year, the company posted ($1.15) earnings per share. The business’s quarterly revenue was up 52.8% compared to the same quarter last year. As a group, equities research analysts forecast that MongoDB will post -5.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MDB has been the topic of a number of recent analyst reports. Stifel Nicolaus dropped their price objective on MongoDB from $340.00 to $320.00 and set a “buy” rating on the stock in a report on Thursday, September 1st. Citigroup dropped their price objective on MongoDB from $450.00 to $445.00 and set a “buy” rating on the stock in a report on Thursday, September 1st. Mizuho upped their price objective on MongoDB from $270.00 to $390.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. Canaccord Genuity Group upped their price objective on MongoDB from $300.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, September 1st. Finally, Robert W. Baird lowered their target price on MongoDB from $360.00 to $330.00 and set an “outperform” rating on the stock in a report on Thursday, September 1st. One equities research analyst has rated the stock with a sell rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $386.83.

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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