
MMS • RSS
Posted on mongodb google news. Visit mongodb google news
MongoDB, Inc. (NASDAQ:MDB – Get Rating) was the target of unusually large options trading on Wednesday. Stock investors purchased 23,831 put options on the company. This represents an increase of approximately 2,157% compared to the typical volume of 1,056 put options.
Insider Transactions at MongoDB
In other news, CAO Thomas Bull sold 605 shares of the firm’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $228.34, for a total value of $138,145.70. Following the transaction, the chief accounting officer now owns 17,706 shares of the company’s stock, valued at approximately $4,042,988.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other MongoDB news, CFO Michael Lawrence Gordon sold 5,157 shares of the business’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $228.36, for a total transaction of $1,177,652.52. Following the transaction, the chief financial officer now owns 103,706 shares in the company, valued at $23,682,302.16. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Thomas Bull sold 605 shares of the business’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $228.34, for a total value of $138,145.70. Following the transaction, the chief accounting officer now owns 17,706 shares in the company, valued at approximately $4,042,988.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 81,013 shares of company stock worth $18,896,567. 4.80% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On MongoDB
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD lifted its position in MongoDB by 13.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,593,996 shares of the company’s stock worth $1,770,313,000 after purchasing an additional 897,911 shares during the period. Vanguard Group Inc. lifted its position in MongoDB by 1.0% in the third quarter. Vanguard Group Inc. now owns 6,127,231 shares of the company’s stock worth $1,216,623,000 after purchasing an additional 62,303 shares during the period. Franklin Resources Inc. lifted its position in MongoDB by 6.4% in the fourth quarter. Franklin Resources Inc. now owns 1,962,574 shares of the company’s stock worth $386,313,000 after purchasing an additional 118,055 shares during the period. State Street Corp lifted its position in MongoDB by 1.8% in the first quarter. State Street Corp now owns 1,386,773 shares of the company’s stock worth $323,280,000 after purchasing an additional 24,595 shares during the period. Finally, 1832 Asset Management L.P. lifted its position in MongoDB by 3,283,771.0% in the fourth quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock worth $200,383,000 after purchasing an additional 1,017,969 shares during the period. 84.86% of the stock is owned by institutional investors.
MongoDB Stock Up 0.5 %
NASDAQ:MDB opened at $293.79 on Thursday. The firm has a market capitalization of $20.58 billion, a PE ratio of -58.29 and a beta of 1.06. The stock has a 50 day moving average of $240.96 and a 200-day moving average of $212.13. MongoDB has a 52 week low of $135.15 and a 52 week high of $390.84. The company has a current ratio of 3.80, a quick ratio of 3.80 and a debt-to-equity ratio of 1.54.
MongoDB (NASDAQ:MDB – Get Rating) last posted its earnings results on Wednesday, March 8th. The company reported ($0.98) EPS for the quarter, beating the consensus estimate of ($1.18) by $0.20. MongoDB had a negative return on equity of 48.38% and a negative net margin of 26.90%. The company had revenue of $361.31 million during the quarter, compared to analyst estimates of $335.84 million. Analysts predict that MongoDB will post -4.04 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on MDB. Citigroup reduced their price objective on MongoDB from $300.00 to $295.00 and set a “buy” rating on the stock in a research note on Tuesday, March 7th. Barclays boosted their price target on MongoDB from $257.00 to $280.00 in a research note on Monday, May 15th. Royal Bank of Canada reiterated an “outperform” rating and issued a $235.00 price target on shares of MongoDB in a research note on Thursday, March 9th. JMP Securities boosted their price target on MongoDB from $215.00 to $245.00 and gave the stock a “market outperform” rating in a research note on Thursday, March 9th. Finally, Sanford C. Bernstein began coverage on MongoDB in a research note on Friday, February 17th. They issued an “outperform” rating and a $282.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $259.83.
MongoDB Company Profile
MongoDB, Inc engages in the development and provision of a general-purpose database platform. The firm’s products include MongoDB Enterprise Advanced, MongoDB Atlas and Community Server. It also offers professional services including consulting and training. The company was founded by Eliot Horowitz, Dwight A.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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.

Article originally posted on mongodb google news. Visit mongodb google news