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MongoDB, Inc. (NASDAQ:MDB – Get Rating) was the target of unusually large options trading activity on Wednesday. Investors acquired 36,130 call options on the stock. This represents an increase of approximately 2,077% compared to the typical volume of 1,660 call options.
MongoDB Stock Down 0.0 %
Shares of MDB opened at $188.81 on Thursday. The firm has a market cap of $13.08 billion, a PE ratio of -35.16 and a beta of 1.02. The company’s fifty day moving average is $174.47 and its two-hundred day moving average is $238.25. MongoDB has a fifty-two week low of $135.15 and a fifty-two week high of $546.73. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 1.66.
Insider Transactions at MongoDB
In other news, Director Dwight A. Merriman sold 14,095 shares of the stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $199.13, for a total transaction of $2,806,737.35. Following the completion of the sale, the director now owns 1,322,954 shares in the company, valued at $263,439,830.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Dwight A. Merriman sold 14,095 shares of the firm’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $199.13, for a total value of $2,806,737.35. Following the completion of the sale, the director now owns 1,322,954 shares in the company, valued at $263,439,830.02. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CRO Cedric Pech sold 288 shares of the firm’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $198.84, for a total transaction of $57,265.92. Following the completion of the sale, the executive now owns 34,157 shares of the company’s stock, valued at approximately $6,791,777.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 59,846 shares of company stock worth $11,956,703. Company insiders own 5.70% of the company’s stock.
Hedge Funds Weigh In On MongoDB
A number of hedge funds have recently made changes to their positions in MDB. John W. Brooker & Co. CPAs acquired a new position in shares of MongoDB during the 2nd quarter valued at $26,000. Prentice Wealth Management LLC acquired a new position in shares of MongoDB during the 2nd quarter valued at $26,000. Venture Visionary Partners LLC acquired a new position in shares of MongoDB during the 2nd quarter valued at $28,000. Sentry Investment Management LLC acquired a new position in shares of MongoDB during the 3rd quarter valued at $33,000. Finally, Alta Advisers Ltd acquired a new position in shares of MongoDB during the 3rd quarter valued at $40,000. Institutional investors and hedge funds own 84.86% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. KeyCorp assumed coverage on shares of MongoDB in a report on Monday, November 21st. They issued an “overweight” rating and a $215.00 target price for the company. Mizuho dropped their target price on shares of MongoDB from $190.00 to $170.00 and set a “neutral” rating for the company in a report on Wednesday, December 7th. UBS Group increased their target price on shares of MongoDB from $200.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday, December 7th. Truist Financial assumed coverage on shares of MongoDB in a report on Friday, September 30th. They issued a “buy” rating and a $300.00 target price for the company. Finally, Canaccord Genuity Group increased their target price on shares of MongoDB from $300.00 to $360.00 and gave the company a “buy” rating in a report on Thursday, September 1st. Three research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, MongoDB has an average rating of “Moderate Buy” and an average target price of $270.00.
MongoDB Company Profile
MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; 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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Article originally posted on mongodb google news. Visit mongodb google news