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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) was the target of some unusual options trading activity on Wednesday. Stock investors acquired 23,831 put options on the company. This is an increase of approximately 2,157% compared to the typical volume of 1,056 put options.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on MDB shares. Needham & Company LLC reissued a “buy” rating and issued a $495.00 price target on shares of MongoDB in a report on Wednesday, January 17th. Guggenheim boosted their price target on shares of MongoDB from $250.00 to $272.00 and gave the company a “sell” rating in a report on Monday, March 4th. Redburn Atlantic reissued a “sell” rating and issued a $295.00 price target (down previously from $410.00) on shares of MongoDB in a report on Tuesday, March 19th. UBS Group reissued a “neutral” rating and issued a $410.00 price target (down previously from $475.00) on shares of MongoDB in a report on Thursday, January 4th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $440.00 price objective on shares of MongoDB in a research report on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, MongoDB currently has an average rating of “Moderate Buy” and a consensus target price of $449.85.
Get Our Latest Stock Report on MDB
Insider Activity at MongoDB
In other MongoDB news, CRO Cedric Pech sold 1,248 shares of MongoDB stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $400.00, for a total transaction of $499,200.00. Following the completion of the sale, the executive now owns 25,425 shares of the company’s stock, valued at approximately $10,170,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other MongoDB news, CRO Cedric Pech sold 1,248 shares of MongoDB stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $400.00, for a total transaction of $499,200.00. Following the completion of the sale, the executive now owns 25,425 shares of the company’s stock, valued at approximately $10,170,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Dev Ittycheria sold 33,000 shares of MongoDB stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $405.77, for a total transaction of $13,390,410.00. Following the sale, the chief executive officer now directly owns 198,166 shares of the company’s stock, valued at approximately $80,409,817.82. The disclosure for this sale can be found here. Insiders sold a total of 87,324 shares of company stock valued at $34,472,011 over the last quarter. Corporate insiders own 4.80% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of MDB. Raymond James & Associates grew its stake in MongoDB by 32.0% in the 1st quarter. Raymond James & Associates now owns 4,922 shares of the company’s stock valued at $2,183,000 after buying an additional 1,192 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in MongoDB by 19.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,282 shares of the company’s stock valued at $569,000 after buying an additional 206 shares during the last quarter. MetLife Investment Management LLC acquired a new position in MongoDB in the 1st quarter valued at about $1,823,000. Panagora Asset Management Inc. grew its stake in MongoDB by 9.8% in the 1st quarter. Panagora Asset Management Inc. now owns 1,977 shares of the company’s stock valued at $877,000 after buying an additional 176 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its stake in MongoDB by 100.3% in the 1st quarter. Vontobel Holding Ltd. now owns 2,873 shares of the company’s stock valued at $1,236,000 after buying an additional 1,439 shares during the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.
MongoDB Stock Down 2.3 %
MongoDB stock opened at $339.82 on Thursday. The firm has a market capitalization of $24.53 billion, a PE ratio of -137.02 and a beta of 1.19. The company’s 50-day moving average is $410.76 and its 200-day moving average is $389.60. MongoDB has a fifty-two week low of $198.72 and a fifty-two week high of $509.62. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40.
MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing the consensus estimate of ($0.71) by ($0.32). The firm had revenue of $458.00 million for 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%. Sell-side analysts anticipate that MongoDB will post -2.53 earnings per share for the current year.
MongoDB Company Profile
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.
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