MMS • RSS
MongoDB, Inc. (NASDAQ:MDB – Get Free Report) saw some unusual options trading on Wednesday. Traders acquired 23,831 put options on the company. This is an increase of approximately 2,157% compared to the typical volume of 1,056 put options.
MongoDB Price Performance
Shares of NASDAQ MDB traded up $0.06 during midday trading on Thursday, hitting $210.66. 2,180,893 shares of the company’s stock were exchanged, compared to its average volume of 1,956,303. The firm’s fifty day simple moving average is $179.38 and its 200-day simple moving average is $227.94. The company has a market cap of $17.10 billion, a PE ratio of -76.88 and a beta of 1.39. MongoDB has a twelve month low of $140.78 and a twelve month high of $370.00.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.35. The business had revenue of $549.01 million during the quarter, compared to the consensus estimate of $527.49 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The company’s revenue was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.51 EPS. Equities analysts anticipate that MongoDB will post -1.78 EPS for the current fiscal year.
Insider Activity at MongoDB
In other news, Director Hope F. Cochran sold 1,175 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $174.69, for a total transaction of $205,260.75. Following the transaction, the director now directly owns 19,333 shares of the company’s stock, valued at $3,377,281.77. This represents a 5.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Cedric Pech sold 1,690 shares of MongoDB stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total value of $292,809.40. Following the completion of the sale, the insider now owns 57,634 shares of the company’s stock, valued at $9,985,666.84. The trade was a 2.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 49,208 shares of company stock valued at $10,167,739 in the last 90 days. Corporate insiders own 3.10% of the company’s stock.
Institutional Trading of MongoDB
Several institutional investors and hedge funds have recently made changes to their positions in MDB. Sumitomo Mitsui Trust Group Inc. grew its position in shares of MongoDB by 12.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 195,443 shares of the company’s stock worth $45,501,000 after acquiring an additional 21,308 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of MongoDB by 20.9% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,382 shares of the company’s stock valued at $1,719,000 after buying an additional 1,274 shares during the last quarter. Summit Trail Advisors LLC acquired a new stake in shares of MongoDB during the fourth quarter worth about $224,000. UNICOM Systems Inc. acquired a new position in MongoDB in the 4th quarter valued at about $4,889,000. Finally, Allspring Global Investments Holdings LLC increased its position in MongoDB by 9.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 191,115 shares of the company’s stock valued at $46,691,000 after acquiring an additional 15,825 shares during the period. 89.29% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the stock. Truist Financial decreased their price objective on shares of MongoDB from $300.00 to $275.00 and set a “buy” rating for the company in a report on Monday, March 31st. The Goldman Sachs Group dropped their price target on MongoDB from $390.00 to $335.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Redburn Atlantic upgraded MongoDB from a “sell” rating to a “neutral” rating and set a $170.00 price objective for the company in a research report on Thursday, April 17th. Citigroup dropped their target price on MongoDB from $430.00 to $330.00 and set a “buy” rating on the stock in a research report on Tuesday, April 1st. Finally, Macquarie reaffirmed a “neutral” rating and set a $230.00 price target (up previously from $215.00) on shares of MongoDB in a research report on Friday, June 6th. Eight analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus target price of $282.47.
View Our Latest Research Report on MDB
About MongoDB
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.
Featured Articles
Before you consider MongoDB, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and MongoDB wasn’t on the list.
While MongoDB currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.