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MongoDB, Inc. (NASDAQ:MDB – Free Report) was the recipient of some unusual options trading activity on Wednesday. Traders purchased 23,831 put options on the company. This is an increase of approximately 2,157% compared to the average daily volume of 1,056 put options.
MongoDB Trading Up 1.2 %
Shares of MDB stock opened at $402.99 on Friday. The business’s 50 day moving average is $308.79 and its two-hundred day moving average is $244.13. MongoDB has a twelve month low of $135.15 and a twelve month high of $414.48. The company has a market capitalization of $28.22 billion, a P/E ratio of -86.29 and a beta of 1.04. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 1.44.
MongoDB (NASDAQ:MDB – Free Report) last posted its quarterly earnings results on Thursday, June 1st. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.38. MongoDB had a negative return on equity of 43.25% and a negative net margin of 23.58%. The firm had revenue of $368.28 million for the quarter, compared to the consensus estimate of $347.77 million. During the same period in the previous year, the business earned ($1.15) earnings per share. The company’s revenue for the quarter was up 29.0% compared to the same quarter last year. Equities analysts forecast that MongoDB will post -2.85 EPS for the current year.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the stock. Mizuho increased their target price on shares of MongoDB from $220.00 to $240.00 in a report on Friday, June 23rd. Robert W. Baird increased their target price on shares of MongoDB from $390.00 to $430.00 in a research report on Friday, June 23rd. JMP Securities increased their target price on shares of MongoDB from $245.00 to $370.00 in a research report on Friday, June 2nd. Guggenheim lowered shares of MongoDB from a “neutral” rating to a “sell” rating and raised their price objective for the company from $205.00 to $210.00 in a research report on Thursday, May 25th. They noted that the move was a valuation call. Finally, KeyCorp raised their price objective on shares of MongoDB from $229.00 to $264.00 and gave the company an “overweight” rating in a research report on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $366.30.
Insider Buying and Selling at MongoDB
In other news, CEO Dev Ittycheria sold 49,249 shares of the business’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $227.55, for a total value of $11,206,609.95. Following the completion of the transaction, the chief executive officer now directly owns 222,311 shares in the company, valued at approximately $50,586,868.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other MongoDB news, Director Hope F. Cochran sold 2,174 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $373.19, for a total value of $811,315.06. Following the completion of the transaction, the director now directly owns 8,200 shares in the company, valued at approximately $3,060,158. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Dev Ittycheria sold 49,249 shares of the company’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $227.55, for a total transaction of $11,206,609.95. Following the completion of the sale, the chief executive officer now directly owns 222,311 shares in the company, valued at $50,586,868.05. The disclosure for this sale can be found here. Insiders sold 108,856 shares of company stock valued at $27,327,511 in the last quarter. Company insiders own 4.80% of the company’s stock.
Hedge Funds Weigh In On MongoDB
Several institutional investors have recently added to or reduced their stakes in the business. 1832 Asset Management L.P. raised its position in shares of MongoDB by 3,283,771.0% in the 4th quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock valued at $200,383,000 after purchasing an additional 1,017,969 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in MongoDB by 13.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,593,996 shares of the company’s stock valued at $1,770,313,000 after buying an additional 897,911 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in MongoDB by 493.2% during the 4th quarter. Renaissance Technologies LLC now owns 918,200 shares of the company’s stock worth $180,738,000 after buying an additional 763,400 shares during the last quarter. Norges Bank bought a new position in MongoDB during the 4th quarter worth approximately $147,735,000. Finally, Champlain Investment Partners LLC bought a new position in MongoDB during the 1st quarter worth approximately $89,157,000. 89.22% of the stock is currently owned by institutional investors and hedge funds.
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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