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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) was the recipient of unusually large options trading activity on Wednesday. Stock traders acquired 36,130 call options on the company. This is an increase of 2,077% compared to the average volume of 1,660 call options.
Insider Transactions at MongoDB
In related news, CFO Michael Lawrence Gordon sold 7,577 shares of the stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $410.03, for a total transaction of $3,106,797.31. Following the sale, the chief financial officer now directly owns 89,027 shares of the company’s stock, valued at approximately $36,503,740.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Michael Lawrence Gordon sold 7,577 shares of the stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $410.03, for a total value of $3,106,797.31. Following the transaction, the chief financial officer now owns 89,027 shares in the company, valued at approximately $36,503,740.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dev Ittycheria sold 134,000 shares of the stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $327.20, for a total transaction of $43,844,800.00. Following the completion of the transaction, the chief executive officer now owns 218,085 shares in the company, valued at approximately $71,357,412. The disclosure for this sale can be found here. Insiders have sold 300,511 shares of company stock valued at $106,912,229 in the last three months. 4.80% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On MongoDB
Large investors have recently modified their holdings of the business. GPS Wealth Strategies Group LLC purchased a new stake in shares of MongoDB during the second quarter worth about $26,000. KB Financial Partners LLC purchased a new stake in MongoDB in the second quarter valued at approximately $27,000. Capital Advisors Ltd. LLC boosted its position in MongoDB by 131.0% in the second quarter. Capital Advisors Ltd. LLC now owns 67 shares of the company’s stock valued at $28,000 after buying an additional 38 shares during the last quarter. BluePath Capital Management LLC purchased a new stake in MongoDB in the third quarter valued at approximately $30,000. Finally, Parkside Financial Bank & Trust boosted its position in MongoDB by 176.5% in the second quarter. Parkside Financial Bank & Trust now owns 94 shares of the company’s stock valued at $39,000 after buying an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 88.89% of the company’s stock.
Analyst Upgrades and Downgrades
MDB has been the topic of a number of recent analyst reports. JMP Securities raised their target price on shares of MongoDB from $425.00 to $440.00 and gave the stock a “market outperform” rating in a research note on Friday, September 1st. Citigroup increased their price objective on shares of MongoDB from $430.00 to $455.00 and gave the company a “buy” rating in a report on Monday, August 28th. Tigress Financial increased their price objective on shares of MongoDB from $490.00 to $495.00 and gave the company a “buy” rating in a report on Friday, October 6th. Guggenheim increased their price objective on shares of MongoDB from $220.00 to $250.00 and gave the company a “sell” rating in a report on Friday, September 1st. Finally, KeyCorp cut their price objective on shares of MongoDB from $495.00 to $440.00 and set an “overweight” rating for the company in a report on Monday, October 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $432.44.
Check Out Our Latest Analysis on MongoDB
MongoDB Stock Up 0.1 %
MongoDB stock traded up $0.50 during trading hours on Thursday, reaching $411.68. The stock had a trading volume of 907,942 shares, compared to its average volume of 1,613,464. The company has a market cap of $29.37 billion, a price-to-earnings ratio of -155.75 and a beta of 1.19. The company has a debt-to-equity ratio of 1.18, a current ratio of 4.74 and a quick ratio of 4.74. The business’s 50 day moving average price is $374.93 and its 200-day moving average price is $375.62. MongoDB has a 52 week low of $164.59 and a 52 week high of $442.84.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its earnings results on Tuesday, December 5th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.45. The business had revenue of $432.94 million during the quarter, compared to the consensus estimate of $406.33 million. MongoDB had a negative net margin of 11.70% and a negative return on equity of 20.64%. The firm’s revenue was up 29.8% on a year-over-year basis. During the same period in the previous year, the company posted ($1.23) earnings per share. Sell-side analysts anticipate that MongoDB will post -1.64 EPS for the current 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