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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) was the target of unusually large options trading activity on Wednesday. Investors purchased 36,130 call options on the company. This is an increase of approximately 2,077% compared to the typical daily volume of 1,660 call options.
MongoDB Stock Up 6.1 %
Shares of MongoDB stock opened at $240.52 on Thursday. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.93 and a quick ratio of 4.93. MongoDB has a 1 year low of $214.74 and a 1 year high of $509.62. The firm’s 50-day moving average is $307.97 and its two-hundred day moving average is $368.31. The stock has a market cap of $17.64 billion, a price-to-earnings ratio of -85.59 and a beta of 1.13.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results on Thursday, May 30th. The company reported ($0.80) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.80). MongoDB had a negative net margin of 11.50% and a negative return on equity of 14.88%. The company had revenue of $450.56 million for the quarter, compared to analysts’ expectations of $438.44 million. As a group, research analysts expect that MongoDB will post -2.67 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other MongoDB news, CRO Cedric Pech sold 1,430 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $348.11, for a total value of $497,797.30. Following the sale, the executive now owns 45,444 shares of the company’s stock, valued at approximately $15,819,510.84. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CRO Cedric Pech sold 1,430 shares of MongoDB stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $348.11, for a total transaction of $497,797.30. Following the sale, the executive now owns 45,444 shares of the company’s stock, valued at approximately $15,819,510.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Dennis Mcmahon sold 10,000 shares of MongoDB stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $228.00, for a total transaction of $2,280,000.00. Following the sale, the director now directly owns 20,020 shares in the company, valued at approximately $4,564,560. The disclosure for this sale can be found here. Insiders have sold a total of 59,976 shares of company stock valued at $19,525,973 in the last quarter. Insiders own 3.60% of the company’s stock.
Institutional Trading of MongoDB
A number of institutional investors have recently bought and sold shares of MDB. PNC Financial Services Group Inc. raised its position in MongoDB by 7.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,474 shares of the company’s stock worth $856,000 after buying an additional 166 shares during the last quarter. Clearbridge Investments LLC increased its holdings in shares of MongoDB by 4.4% during the 3rd quarter. Clearbridge Investments LLC now owns 1,949 shares of the company’s stock valued at $674,000 after purchasing an additional 82 shares in the last quarter. LPL Financial LLC increased its holdings in shares of MongoDB by 20.6% during the 3rd quarter. LPL Financial LLC now owns 31,145 shares of the company’s stock valued at $10,772,000 after purchasing an additional 5,329 shares in the last quarter. Mariner LLC increased its holdings in shares of MongoDB by 10.2% during the 3rd quarter. Mariner LLC now owns 7,047 shares of the company’s stock valued at $2,437,000 after purchasing an additional 653 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of MongoDB by 5.5% during the 3rd quarter. Northern Trust Corp now owns 448,035 shares of the company’s stock valued at $154,957,000 after purchasing an additional 23,270 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms recently commented on MDB. Redburn Atlantic reissued a “sell” rating and set a $295.00 price objective (down previously from $410.00) on shares of MongoDB in a research note on Tuesday, March 19th. Truist Financial decreased their target price on shares of MongoDB from $475.00 to $300.00 and set a “buy” rating for the company in a report on Friday, May 31st. Canaccord Genuity Group decreased their target price on shares of MongoDB from $435.00 to $325.00 and set a “buy” rating for the company in a report on Friday, May 31st. Guggenheim raised shares of MongoDB from a “sell” rating to a “neutral” rating in a report on Monday, June 3rd. Finally, KeyCorp decreased their target price on shares of MongoDB from $490.00 to $440.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus price target of $361.30.
Get Our Latest Research Report on MongoDB
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.
Further Reading
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