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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) saw some unusual options trading activity on Wednesday. Stock investors purchased 23,831 put options on the company. This is an increase of 2,157% compared to the typical volume of 1,056 put options.
Insider Activity at MongoDB
In related news, CRO Cedric Pech sold 308 shares of MongoDB stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $353.05, for a total transaction of $108,739.40. Following the completion of the transaction, the executive now directly owns 33,802 shares of the company’s stock, valued at approximately $11,933,796.10. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other MongoDB news, CFO Michael Lawrence Gordon sold 7,577 shares of MongoDB stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $410.03, for a total value of $3,106,797.31. Following the completion of the transaction, the chief financial officer now directly owns 89,027 shares of the company’s stock, valued at $36,503,740.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Cedric Pech sold 308 shares of MongoDB stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $353.05, for a total transaction of $108,739.40. Following the completion of the transaction, the executive now directly owns 33,802 shares of the company’s stock, valued at $11,933,796.10. The disclosure for this sale can be found here. Insiders sold a total of 164,029 shares of company stock valued at $62,181,450 in the last three months. Company insiders own 4.80% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD lifted its position in shares of MongoDB by 13.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,593,996 shares of the company’s stock valued at $1,770,313,000 after buying an additional 897,911 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of MongoDB by 2.1% during the first quarter. Vanguard Group Inc. now owns 5,970,224 shares of the company’s stock valued at $2,648,332,000 after buying an additional 121,201 shares during the last quarter. Jennison Associates LLC lifted its position in shares of MongoDB by 87.8% during the third quarter. Jennison Associates LLC now owns 3,733,964 shares of the company’s stock valued at $1,291,429,000 after buying an additional 1,745,231 shares during the last quarter. State Street Corp lifted its position in shares of MongoDB by 1.8% during the first quarter. State Street Corp now owns 1,386,773 shares of the company’s stock valued at $323,280,000 after buying an additional 24,595 shares during the last quarter. Finally, 1832 Asset Management L.P. lifted its position in shares of MongoDB by 3,283,771.0% during the fourth quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock valued at $200,383,000 after buying an additional 1,017,969 shares during the last quarter. 88.89% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
MDB has been the subject of several recent research reports. Morgan Stanley boosted their target price on shares of MongoDB from $440.00 to $480.00 and gave the company an “overweight” rating in a research report on Friday, September 1st. Macquarie boosted their target price on shares of MongoDB from $434.00 to $456.00 in a research report on Friday, September 1st. Tigress Financial boosted their target price on shares of MongoDB from $490.00 to $495.00 and gave the company a “buy” rating in a research report on Friday, October 6th. JMP Securities boosted their target price on shares of MongoDB from $425.00 to $440.00 and gave the company a “market outperform” rating in a research report on Friday, September 1st. Finally, Bank of America initiated coverage on shares of MongoDB in a research report on Thursday, October 12th. They set a “buy” rating and a $450.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $432.44.
View Our Latest Research Report on MDB
MongoDB Trading Up 0.3 %
Shares of MDB opened at $418.28 on Thursday. The company’s fifty day simple moving average is $385.80 and its 200-day simple moving average is $380.45. The company has a current ratio of 4.74, a quick ratio of 4.74 and a debt-to-equity ratio of 1.18. The company has a market cap of $30.19 billion, a P/E ratio of -158.44 and a beta of 1.19. MongoDB has a twelve month low of $164.59 and a twelve month high of $442.84.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings results on Tuesday, December 5th. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates 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 business’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same period in the prior year, the business posted ($1.23) earnings per share. As a group, analysts expect that MongoDB will post -1.64 EPS for the current 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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Article originally posted on mongodb google news. Visit mongodb google news