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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) saw some unusual options trading activity on Wednesday. Investors purchased 36,130 call options on the stock. This is an increase of 2,077% compared to the typical daily volume of 1,660 call options.
Analyst Upgrades and Downgrades
MDB has been the topic of several research analyst reports. Barclays increased their target price on MongoDB from $374.00 to $421.00 in a report on Monday, June 26th. Tigress Financial raised their price target on MongoDB from $365.00 to $490.00 in a research report on Wednesday, June 28th. VNET Group restated a “maintains” rating on shares of MongoDB in a research note on Monday, June 26th. 22nd Century Group reiterated a “maintains” rating on shares of MongoDB in a research note on Monday, June 26th. Finally, KeyCorp lifted their price objective on MongoDB from $229.00 to $264.00 and gave the company an “overweight” rating in a report on Thursday, April 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and an average target price of $366.59.
MongoDB Stock Performance
MDB stock opened at $391.08 on Thursday. The stock’s 50 day simple moving average is $339.94 and its 200 day simple moving average is $257.00. The stock has a market capitalization of $27.60 billion, a PE ratio of -83.74 and a beta of 1.13. 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 has a 12-month low of $135.15 and a 12-month high of $418.70.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $368.28 million during the quarter, compared to analyst estimates of $347.77 million. MongoDB had a negative return on equity of 43.25% and a negative net margin of 23.58%. The business’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same quarter last year, the business posted ($1.15) earnings per share. As a group, research analysts forecast that MongoDB will post -2.8 earnings per share for the current fiscal year.
Insider Buying and Selling at MongoDB
In other MongoDB news, CAO Thomas Bull sold 516 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $406.78, for a total value of $209,898.48. Following the transaction, the chief accounting officer now directly owns 17,190 shares in the company, valued at approximately $6,992,548.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CAO Thomas Bull sold 516 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $406.78, for a total transaction of $209,898.48. Following the completion of the transaction, the chief accounting officer now directly owns 17,190 shares in the company, valued at approximately $6,992,548.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction on Wednesday, April 26th. The shares were sold at an average price of $240.00, for a total transaction of $480,000.00. Following the transaction, the director now directly owns 1,225,954 shares of the company’s stock, valued at approximately $294,228,960. The disclosure for this sale can be found here. In the last three months, insiders have sold 117,427 shares of company stock valued at $41,364,961. 4.80% of the stock is owned by company insiders.
Hedge Funds Weigh In On MongoDB
A number of institutional investors have recently modified their holdings of the stock. 1832 Asset Management L.P. grew its holdings 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 last quarter. Price T Rowe Associates Inc. MD lifted its position 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 purchasing an additional 897,911 shares during the period. Renaissance Technologies LLC lifted its position in MongoDB by 493.2% during the fourth quarter. Renaissance Technologies LLC now owns 918,200 shares of the company’s stock valued at $180,738,000 after purchasing an additional 763,400 shares during the period. Norges Bank acquired a new position in MongoDB during the fourth quarter valued at $147,735,000. Finally, Champlain Investment Partners LLC purchased a new position in MongoDB in the first quarter valued at $89,157,000. 89.22% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading
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