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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) was the recipient of some unusual options trading activity on Wednesday. Stock investors acquired 23,831 put options on the stock. This is an increase of approximately 2,157% compared to the typical daily volume of 1,056 put options.
Insider Buying and Selling
In other news, Director Dwight A. Merriman sold 1,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $345.21, for a total transaction of $345,210.00. Following the completion of the transaction, the director now directly owns 533,896 shares of the company’s stock, valued at approximately $184,306,238.16. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CAO Thomas Bull sold 359 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $404.38, for a total transaction of $145,172.42. Following the completion of the sale, the chief accounting officer now owns 16,313 shares in the company, valued at $6,596,650.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $345.21, for a total value of $345,210.00. Following the sale, the director now directly owns 533,896 shares of the company’s stock, valued at $184,306,238.16. The disclosure for this sale can be found here. Insiders sold 147,029 shares of company stock worth $56,304,511 over the last 90 days. 4.80% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in MDB. Simplicity Solutions LLC increased its position in MongoDB by 2.2% in the 2nd quarter. Simplicity Solutions LLC now owns 1,169 shares of the company’s stock valued at $480,000 after acquiring an additional 25 shares in the last quarter. AJ Wealth Strategies LLC raised its position in MongoDB by 1.2% in the 2nd quarter. AJ Wealth Strategies LLC now owns 2,390 shares of the company’s stock worth $982,000 after purchasing an additional 28 shares during the last quarter. Insigneo Advisory Services LLC raised its position in MongoDB by 2.9% in the 3rd quarter. Insigneo Advisory Services LLC now owns 1,070 shares of the company’s stock worth $370,000 after purchasing an additional 30 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in MongoDB by 1.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,239 shares of the company’s stock worth $920,000 after buying an additional 32 shares in the last quarter. Finally, Veritable L.P. boosted its position in MongoDB by 1.4% in the 2nd quarter. Veritable L.P. now owns 2,321 shares of the company’s stock valued at $954,000 after buying an additional 33 shares during the last quarter. 88.89% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on MDB shares. Royal Bank of Canada boosted their price objective on shares of MongoDB from $445.00 to $475.00 and gave the stock an “outperform” rating in a report on Wednesday, December 6th. Barclays lifted their price objective on MongoDB from $470.00 to $478.00 and gave the stock an “overweight” rating in a report on Wednesday, December 6th. UBS Group reissued a “neutral” rating and issued a $410.00 target price (down previously from $475.00) on shares of MongoDB in a report on Thursday, January 4th. TheStreet upgraded shares of MongoDB from a “d+” rating to a “c-” rating in a research report on Friday, December 1st. Finally, Truist Financial restated a “buy” rating and set a $430.00 target price on shares of MongoDB in a report on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $430.41.
Check Out Our Latest Research Report on MDB
MongoDB Price Performance
MongoDB stock opened at $393.15 on Thursday. The business has a 50 day simple moving average of $394.98 and a 200 day simple moving average of $380.82. The company has a debt-to-equity ratio of 1.18, a current ratio of 4.74 and a quick ratio of 4.74. The company has a market capitalization of $28.38 billion, a PE ratio of -148.92 and a beta of 1.23. MongoDB has a one year low of $179.52 and a one year high of $442.84.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings data on Tuesday, December 5th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.45. The firm had revenue of $432.94 million for the quarter, compared to analysts’ expectations of $406.33 million. MongoDB had a negative net margin of 11.70% and a negative return on equity of 20.64%. The company’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.23) earnings per share. On average, sell-side analysts forecast that MongoDB will post -1.64 EPS for the current fiscal year.
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.
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