MMS • RSS
MongoDB, Inc. (NASDAQ:MDB – Get Free Report) was the recipient of unusually large options trading activity on Wednesday. Traders purchased 36,130 call options on the stock. This represents an increase of approximately 2,077% compared to the average volume of 1,660 call options.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on MDB shares. Tigress Financial upped their price target on shares of MongoDB from $495.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Bank of America cut their price target on MongoDB from $500.00 to $470.00 and set a “buy” rating for the company in a research note on Friday, May 17th. KeyCorp dropped their price objective on MongoDB from $490.00 to $440.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. Truist Financial lifted their target price on shares of MongoDB from $440.00 to $500.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. Finally, Loop Capital initiated coverage on shares of MongoDB in a research note on Tuesday, April 23rd. They set a “buy” rating and a $415.00 price target on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $444.57.
Insiders Place Their Bets
In other news, Director Dwight A. Merriman sold 6,000 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $374.95, for a total transaction of $2,249,700.00. Following the sale, the director now directly owns 1,148,784 shares of the company’s stock, valued at $430,736,560.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $363.01, for a total transaction of $363,010.00. Following the transaction, the director now directly owns 523,896 shares in the company, valued at approximately $190,179,486.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Dwight A. Merriman sold 6,000 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $374.95, for a total value of $2,249,700.00. Following the completion of the sale, the director now owns 1,148,784 shares of the company’s stock, valued at approximately $430,736,560.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,802 shares of company stock worth $16,514,071. 3.60% of the stock is owned by insiders.
Institutional Trading of MongoDB
Hedge funds and other institutional investors have recently modified their holdings of the stock. Cetera Advisors LLC increased its position in MongoDB by 106.9% in the first quarter. Cetera Advisors LLC now owns 1,558 shares of the company’s stock worth $559,000 after purchasing an additional 805 shares during the period. Cetera Investment Advisers boosted its stake in shares of MongoDB by 327.6% in the 1st quarter. Cetera Investment Advisers now owns 10,873 shares of the company’s stock valued at $3,899,000 after purchasing an additional 8,330 shares during the last quarter. Atria Investments Inc grew its position in shares of MongoDB by 1.2% during the 1st quarter. Atria Investments Inc now owns 3,259 shares of the company’s stock worth $1,169,000 after buying an additional 39 shares during the period. Swedbank AB bought a new stake in shares of MongoDB during the first quarter worth approximately $91,915,000. Finally, LRI Investments LLC acquired a new position in MongoDB in the first quarter valued at approximately $106,000. Institutional investors and hedge funds own 89.29% of the company’s stock.
MongoDB Stock Down 0.6 %
Shares of NASDAQ:MDB opened at $333.99 on Thursday. The company has a market capitalization of $24.32 billion, a PE ratio of -134.67 and a beta of 1.19. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.40 and a current ratio of 4.40. The company’s fifty day moving average is $356.71 and its 200-day moving average is $392.33. MongoDB has a 52 week low of $275.76 and a 52 week high of $509.62.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its earnings results on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing the consensus estimate of ($0.71) by ($0.32). The business had revenue of $458.00 million during the quarter, compared to analyst estimates of $431.99 million. MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. Equities research analysts predict that MongoDB will post -2.53 earnings per share for the current fiscal year.
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
Receive News & Ratings for MongoDB Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for MongoDB and related companies with MarketBeat.com’s FREE daily email newsletter.