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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 represents an increase of approximately 2,077% compared to the average volume of 1,660 call options.
Insider Buying and Selling at MongoDB
In related news, insider Cedric Pech sold 1,690 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $292,809.40. Following the transaction, the insider now owns 57,634 shares in the company, valued at $9,985,666.84. This trade represents a 2.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Hope F. Cochran sold 1,175 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $174.69, for a total transaction of $205,260.75. Following the transaction, the director now owns 19,333 shares in the company, valued at $3,377,281.77. This represents a 5.73% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,208 shares of company stock worth $10,167,739. 3.10% of the stock is owned by company insiders.
Institutional Investors Weigh In On MongoDB
A number of institutional investors have recently modified their holdings of the stock. OneDigital Investment Advisors LLC boosted its stake in shares of MongoDB by 3.9% during the 4th quarter. OneDigital Investment Advisors LLC now owns 1,044 shares of the company’s stock valued at $243,000 after buying an additional 39 shares during the period. Avestar Capital LLC raised its holdings in shares of MongoDB by 2.0% during the 4th quarter. Avestar Capital LLC now owns 2,165 shares of the company’s stock valued at $504,000 after purchasing an additional 42 shares in the last quarter. Aigen Investment Management LP raised its holdings in shares of MongoDB by 1.4% during the 4th quarter. Aigen Investment Management LP now owns 3,921 shares of the company’s stock valued at $913,000 after purchasing an additional 55 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in shares of MongoDB by 0.4% during the 1st quarter. Handelsbanken Fonder AB now owns 14,816 shares of the company’s stock valued at $2,599,000 after purchasing an additional 65 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its holdings in shares of MongoDB by 4.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,647 shares of the company’s stock valued at $383,000 after purchasing an additional 75 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.
MongoDB Stock Down 1.1%
Shares of NASDAQ:MDB opened at $210.60 on Thursday. The firm has a fifty day moving average of $179.38 and a two-hundred day moving average of $227.94. The firm has a market capitalization of $17.10 billion, a P/E ratio of -76.86 and a beta of 1.39. MongoDB has a 12-month low of $140.78 and a 12-month high of $370.00.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its earnings results on Wednesday, June 4th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.35. The company had revenue of $549.01 million during the quarter, compared to analyst estimates of $527.49 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter last year, the business posted $0.51 EPS. Equities research analysts expect that MongoDB will post -1.78 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on MDB shares. JMP Securities reiterated a “market outperform” rating and set a $345.00 price objective on shares of MongoDB in a research note on Thursday, June 5th. Macquarie reiterated a “neutral” rating and set a $230.00 price objective (up previously from $215.00) on shares of MongoDB in a research note on Friday, June 6th. Wedbush reiterated an “outperform” rating and set a $300.00 price objective on shares of MongoDB in a research note on Thursday, June 5th. Morgan Stanley reduced their target price on shares of MongoDB from $315.00 to $235.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Finally, KeyCorp cut shares of MongoDB from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Eight equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $282.47.
View Our Latest Stock Report on MDB
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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