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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) saw some unusual options trading activity on Wednesday. Investors bought 36,130 call options on the stock. This is an increase of 2,077% compared to the average volume of 1,660 call options.
Insider Activity at MongoDB
In other news, CAO Thomas Bull sold 170 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total transaction of $59,180.40. Following the sale, the chief accounting officer now owns 17,360 shares of the company’s stock, valued at approximately $6,043,363.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Dwight A. Merriman sold 4,000 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $341.12, for a total value of $1,364,480.00. Following the transaction, the director now owns 1,156,784 shares in the company, valued at approximately $394,602,158.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Thomas Bull sold 170 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total transaction of $59,180.40. Following the completion of the transaction, the chief accounting officer now owns 17,360 shares in the company, valued at approximately $6,043,363.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 87,324 shares of company stock valued at $34,472,011. 4.80% of the stock is owned by insiders.
Institutional Investors Weigh In On MongoDB
Large investors have recently modified their holdings of the business. Transcendent Capital Group LLC purchased a new stake in shares of MongoDB during the fourth quarter worth about $25,000. KB Financial Partners LLC purchased a new stake in MongoDB in the second quarter valued at approximately $27,000. Blue Trust Inc. boosted its position in MongoDB by 937.5% in the fourth quarter. Blue Trust Inc. now owns 83 shares of the company’s stock valued at $34,000 after buying an additional 75 shares during the last quarter. BluePath Capital Management LLC purchased a new stake in MongoDB in the third quarter valued at approximately $30,000. Finally, Parkside Financial Bank & Trust boosted its position in MongoDB by 176.5% in the second quarter. Parkside Financial Bank & Trust now owns 94 shares of the company’s stock valued at $39,000 after buying an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the stock. Piper Sandler raised their target price on shares of MongoDB from $425.00 to $500.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 6th. Mizuho lifted their price objective on shares of MongoDB from $330.00 to $420.00 and gave the company a “neutral” rating in a research report on Wednesday, December 6th. Barclays raised their target price on shares of MongoDB from $470.00 to $478.00 and gave the company an “overweight” rating in a report on Wednesday, December 6th. DA Davidson raised shares of MongoDB from a “neutral” rating to a “buy” rating and raised their target price for the company from $405.00 to $430.00 in a report on Friday, March 8th. Finally, Redburn Atlantic reissued a “sell” rating and issued a $295.00 target price (down from $410.00) on shares of MongoDB in a report on Tuesday, March 19th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $449.85.
Check Out Our Latest Analysis on MongoDB
MongoDB Stock Performance
Shares of MongoDB stock opened at $339.82 on Thursday. The company has a market capitalization of $24.53 billion, a PE ratio of -137.02 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 has a 50-day simple moving average of $410.76 and a two-hundred day simple moving average of $389.60. MongoDB has a one year low of $198.72 and a one year high of $509.62.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. The business had revenue of $458.00 million for the quarter, compared to analysts’ expectations of $431.99 million. Research analysts expect that MongoDB will post -2.53 EPS 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.
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