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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) saw some unusual options trading on Wednesday. Stock traders acquired 23,831 put options on the stock. This is an increase of approximately 2,157% compared to the typical daily volume of 1,056 put options.
MongoDB Stock Performance
NASDAQ:MDB opened at $382.26 on Thursday. The stock has a market cap of $26.98 billion, a P/E ratio of -110.48 and a beta of 1.11. The company has a quick ratio of 4.19, a current ratio of 4.19 and a debt-to-equity ratio of 1.44. The business’s 50-day moving average price is $390.04 and its two-hundred day moving average price is $308.14. MongoDB has a twelve month low of $135.15 and a twelve month high of $439.00.
Insider Activity at MongoDB
In related news, CEO Dev Ittycheria sold 50,000 shares of the firm’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $407.07, for a total transaction of $20,353,500.00. Following the sale, the chief executive officer now owns 218,085 shares of the company’s stock, valued at approximately $88,775,860.95. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CRO Cedric Pech sold 360 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $406.79, for a total transaction of $146,444.40. Following the completion of the transaction, the executive now directly owns 37,156 shares of the company’s stock, valued at approximately $15,114,689.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Dev Ittycheria sold 50,000 shares of MongoDB stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $407.07, for a total value of $20,353,500.00. Following the completion of the transaction, the chief executive officer now directly owns 218,085 shares of the company’s stock, valued at $88,775,860.95. The disclosure for this sale can be found here. Insiders have sold a total of 83,551 shares of company stock valued at $33,875,952 in the last 90 days. 4.80% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in MDB. GPS Wealth Strategies Group LLC purchased a new position in shares of MongoDB during the second quarter worth approximately $26,000. KB Financial Partners LLC bought a new position in shares of MongoDB during the second quarter valued at about $27,000. Capital Advisors Ltd. LLC increased its holdings in shares of MongoDB by 131.0% in the second quarter. Capital Advisors Ltd. LLC now owns 67 shares of the company’s stock worth $28,000 after buying an additional 38 shares during the period. Parkside Financial Bank & Trust boosted its holdings in MongoDB by 176.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 94 shares of the company’s stock valued at $39,000 after acquiring an additional 60 shares during the period. Finally, Coppell Advisory Solutions LLC bought a new position in MongoDB during the 2nd quarter worth approximately $43,000. Institutional investors own 88.89% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts recently commented on the company. KeyCorp boosted their target price on MongoDB from $372.00 to $462.00 and gave the company an “overweight” rating in a research report on Friday, July 21st. Tigress Financial lifted their price target on MongoDB from $365.00 to $490.00 in a research note on Wednesday, June 28th. Barclays lifted their price target on MongoDB from $421.00 to $450.00 and gave the company an “overweight” rating in a research note on Friday, September 1st. Royal Bank of Canada reiterated an “outperform” rating and set a $445.00 price target on shares of MongoDB in a research note on Friday, September 1st. Finally, Citigroup lifted their price target on MongoDB from $430.00 to $455.00 and gave the company a “buy” rating in a research note on Monday, August 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $418.08.
MongoDB Company Profile
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