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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) saw unusually large options trading on Wednesday. Stock investors bought 36,130 call options on the stock. This is an increase of approximately 2,077% compared to the average daily volume of 1,660 call options.
Insider Transactions at MongoDB
In other news, CAO Thomas Bull sold 301 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total value of $52,148.25. Following the transaction, the chief accounting officer now owns 14,598 shares in the company, valued at approximately $2,529,103.50. This trade represents a 2.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 3,000 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $266.00, for a total transaction of $798,000.00. Following the sale, the director now directly owns 1,113,006 shares of the company’s stock, valued at $296,059,596. The trade was a 0.27 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,345 shares of company stock valued at $8,485,310. 3.60% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On MongoDB
A number of institutional investors have recently bought and sold shares of MDB. Cloud Capital Management LLC purchased a new stake in MongoDB in the 1st quarter worth $25,000. Strategic Investment Solutions Inc. IL purchased a new stake in MongoDB in the 4th quarter worth $29,000. Hilltop National Bank increased its stake in MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after buying an additional 42 shares in the last quarter. NCP Inc. purchased a new position in shares of MongoDB during the fourth quarter valued at about $35,000. Finally, Versant Capital Management Inc grew its position in shares of MongoDB by 1,100.0% during the fourth quarter. Versant Capital Management Inc now owns 180 shares of the company’s stock valued at $42,000 after purchasing an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.
MongoDB Stock Performance
Shares of MongoDB stock opened at $172.19 on Friday. MongoDB has a fifty-two week low of $140.78 and a fifty-two week high of $380.94. The company has a market capitalization of $13.98 billion, a P/E ratio of -62.84 and a beta of 1.49. The company has a fifty day moving average of $186.51 and a 200 day moving average of $245.99.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business had revenue of $548.40 million during the quarter, compared to analysts’ expectations of $519.65 million. During the same quarter in the previous year, the company posted $0.86 EPS. Analysts forecast that MongoDB will post -1.78 EPS for the current year.
Analyst Upgrades and Downgrades
Several research firms have recently commented on MDB. Royal Bank of Canada dropped their target price on shares of MongoDB from $400.00 to $320.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $350.00 target price on shares of MongoDB in a research report on Tuesday, March 4th. Truist Financial dropped their target price on shares of MongoDB from $300.00 to $275.00 and set a “buy” rating for the company in a research report on Monday, March 31st. Macquarie lowered their price target on shares of MongoDB from $300.00 to $215.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Finally, China Renaissance started coverage on shares of MongoDB in a research report on Tuesday, January 21st. They set a “buy” rating and a $351.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $294.78.
Get Our Latest Stock Analysis on MongoDB
MongoDB Company Profile
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.
Further Reading
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