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MongoDB Target of Unusually Large Options Trading (NASDAQ:MDB) – MarketBeat

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Posted on mongodb google news. Visit mongodb google news

MongoDB, Inc. (NASDAQ:MDBGet Free Report) was the recipient of some unusual options trading activity on Wednesday. Investors acquired 36,130 call options on the company. This is an increase of approximately 2,077% compared to the typical daily volume of 1,660 call options.

MongoDB Trading Up 3.2 %

MDB stock opened at $457.39 on Thursday. The company has a market capitalization of $33.01 billion, a PE ratio of -173.25 and a beta of 1.24. MongoDB has a 12 month low of $189.59 and a 12 month high of $463.20. The firm’s 50-day moving average is $404.82 and its 200 day moving average is $381.33. The company has a debt-to-equity ratio of 1.18, a current ratio of 4.74 and a quick ratio of 4.74.

MongoDB (NASDAQ:MDBGet Free Report) last posted its earnings results on Tuesday, December 5th. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.45. The business had revenue of $432.94 million for 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 company’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter last year, the firm posted ($1.23) EPS. On average, research analysts anticipate that MongoDB will post -1.63 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MDB. Stifel Nicolaus reaffirmed a “buy” rating and set a $450.00 target price on shares of MongoDB in a report on Monday, December 4th. Wells Fargo & Company began coverage on shares of MongoDB in a report on Thursday, November 16th. They set an “overweight” rating and a $500.00 target price for the company. UBS Group reiterated a “neutral” rating and issued a $410.00 price target (down from $475.00) on shares of MongoDB in a research report on Thursday, January 4th. JMP Securities reiterated a “market outperform” rating and issued a $440.00 price target on shares of MongoDB in a research report on Monday, January 22nd. Finally, Piper Sandler upped their price target on shares of MongoDB from $425.00 to $500.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $429.50.

Get Our Latest Stock Report on MongoDB

Insider Activity

In related news, CFO Michael Lawrence Gordon sold 21,496 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $410.32, for a total transaction of $8,820,238.72. Following the sale, the chief financial officer now owns 89,027 shares of the company’s stock, valued at $36,529,558.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other MongoDB news, CEO Dev Ittycheria sold 33,000 shares of MongoDB stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $405.77, for a total value of $13,390,410.00. Following the completion of the transaction, the chief executive officer now directly owns 198,166 shares of the company’s stock, valued at $80,409,817.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael Lawrence Gordon sold 21,496 shares of MongoDB stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $410.32, for a total transaction of $8,820,238.72. Following the completion of the transaction, the chief financial officer now directly owns 89,027 shares of the company’s stock, valued at $36,529,558.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 81,777 shares of company stock valued at $33,554,031. Corporate insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Raymond James & Associates grew its position in shares of MongoDB by 32.0% in the 1st quarter. Raymond James & Associates now owns 4,922 shares of the company’s stock worth $2,183,000 after buying an additional 1,192 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of MongoDB by 19.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,282 shares of the company’s stock worth $569,000 after buying an additional 206 shares during the last quarter. MetLife Investment Management LLC purchased a new position in shares of MongoDB in the 1st quarter worth approximately $1,823,000. Panagora Asset Management Inc. grew its position in shares of MongoDB by 9.8% in the 1st quarter. Panagora Asset Management Inc. now owns 1,977 shares of the company’s stock worth $877,000 after buying an additional 176 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its position in shares of MongoDB by 100.3% in the 1st quarter. Vontobel Holding Ltd. now owns 2,873 shares of the company’s stock worth $1,236,000 after buying an additional 1,439 shares during the last quarter. Hedge funds and other institutional investors own 88.89% of the company’s stock.

About MongoDB

(Get Free Report)

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

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