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On Wednesday, unusual options trading activity in connection with the company in question, MongoDB, Inc. (NASDAQ: MDB), was observed. The company was under investigation. Investors purchased a combined total of 36,130 call options on the company. This constitutes a 2,077% increase compared to the daily average of 1,660 available call options.
On January 3, MongoDB Chief Technology Officer Mark Porter made a transaction in which he sold 635 shares of the company’s stock. The cost of purchasing all of the shares came to a total of $119,202.20, which works out to a price of $187.72 per share on average. Because of the transaction, the Chief Technology Officer (CTO) now has ownership of 27,577 shares of the company. The total value of these shares is approximately 5,176,754.44 dollars. If you follow this link, you will be taken to the filing submitted to the Securities and Exchange Commission, where the transaction was discussed, and it will take you there immediately. On January 3, MongoDB Chief Technology Officer Mark Porter made a transaction in which he sold 635 shares of the company’s stock. The cost of purchasing all of the shares came to a total of $119,202.20, which works out to a price of $187.72 per share on average. Because of the transaction, the Chief Technology Officer (CTO) now has ownership of 27,577 shares of the company. The total value of these shares is approximately 5,176,754.44 dollars. If you follow this link, you will be taken to the filing submitted to the Securities and Exchange Commission, where the transaction was discussed, and it will take you there immediately. Additionally, on Tuesday, January 3, Chief Risk Officer Cedric Pech sold 328 shares of the company’s stock. It was determined that each share was sold at an average price of $199.31, which led to a total sale volume of 65,373.68 dollars. The price at which the shares were sold was determined to be $1 per share. As a direct consequence of the transaction, the executive now has ownership of 33,829 shares of the company. The total value of these shares comes to $6,742,457.99. The disclosure about the purchase can be found in this particular location. Business insiders were responsible for the sale of 58,074 shares of stock during the most recent quarter, resulting in a total revenue of $11,604,647 from the transaction. 5.70 percent of the company is owned by its employees and other company insiders.
When trading started on Thursday, the price of a share of MDB was $188.82 per share. Over the previous year, the cost of MongoDB has varied widely, with prices ranging anywhere from $135.15 to $471.96, with an average cost of $471.96. The company’s simple moving average over the past 50 days comes in at $174.53, and the simple moving average over the past 200 days comes in at $233.09. The current ratio, the quick ratio, and the debt-to-equity ratio are all equal to 1.66. This holds for all of the other financial measures as well. The company’s price-to-earnings ratio is -35.16, and its beta value is 0.89. The company currently has a market capitalization of 13.08 billion dollars.
During the most recent period, significant investors have been engaged in the buying and selling shares in the company. The certified public accountants at John W. Brooker & Co. increased the money they invested in MongoDB by $26,000 over the second quarter. Prentice Wealth Management LLC placed a $26,000 investment in MongoDB during the second quarter of 2018. This investment was made during the 2018 calendar year. In the second quarter of 2018, Venture Visionary Partners LLC invested in MongoDB totaling $28,000. The investment was made during that quarter. An investment of $41,000 was made in MongoDB by FNY Investment Advisers LLC during the second quarter of 2018. During the second quarter, the national association of UMB Bank added 422.6% more MongoDB shares to its existing ownership portfolio. After purchasing an additional 131 shares during the most recent fiscal quarter, UMB Bank n.a. now has 162 shares of the company’s stock, which are worth a combined sum of $42,000. This brings the total number of shares owned by the institution to 162. Institutional investors and hedge funds collectively own 84.86% of the total number of shares in the company, making up the majority of the shareholders.
Many research companies have recently provided their findings and observations on MDB. The publication of a research note on December 14 by Wedbush marked the beginning of the investment firm’s coverage of MongoDB shares. They suggested that investors “outperform” the stock, and they anticipated that it would reach a price of $240. Credit Suisse Group reduced the price target for MongoDB from $400 to $305.00 in a research note published on December 7. Despite this change, the firm maintained its “outperform” rating for the stock. Piper Sandler gave MongoDB an “overweight” rating in a research note published on October 20. However, the brokerage firm lowered the price target they had set for the stock from $350.00 to $270.00. The price objective that Morgan Stanley has set for MongoDB has increased from $215.00 to $230.00 due to a research report published on Wednesday, December 7.
Additionally, an “equal weight” rating was given to the stock by the company. Barclays upgraded MongoDB to “overweight” in a research note published on Wednesday, December 7, increasing their price objective from $233.00 to $240.00. This was the last but not the least of the company’s changes. Only three research analysts recommend keeping the stock in one’s portfolio, whereas twenty-one recommend buying the stock. The company is currently regarded as having a consensus recommendation of “Moderate Buy,” Its price target is an average of $266.90, as indicated by the data on Bloomberg.com.
MongoDB, Inc. is a provider of database platforms that can be used for various purposes on a global scale. The Community Server is a version of its database that can be downloaded for free and comes equipped with all of the features that developers require to begin working with MongoDB. MongoDB Enterprise Advanced, a commercial database server designed specifically for business customers, is capable of operating in the cloud, on-premises, or in a hybrid environment. The business can provide customers with all three of these products. MongoDB Atlas is a database-as-a-service solution that is hosted across multiple clouds. Community Server is a free database version that users can download.