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On Wednesday, options trading in connection with MongoDB, Inc. (NASDAQ: MDB), which was the target of this activity, was exceptionally active and robust. Investors purchased a combined total of 36,130 call options on the stock. If we compare this to the average volume of call options, which is 1,660, we can see an almost 2,077% increase.
In other news about this topic, on October 3rd, corporate director Dwight A. Merriman completed a transaction in which he sold 14,095 shares of the company’s stock. The purchase of each share occurred at an average price of $199.13 during the sale, resulting in a total value of the transaction equal to $2,806,737.35. Following the completion of the transaction, the director will have a total of 1,322,954 shares of the company. These shares have a current value of $263,439,830.0. The Securities and Exchange Commission was given legal documentation about the transaction, which can be viewed entirely by following the link provided in the previous sentence. The documentation was provided to the SEC. On October 3rd, Company Director Dwight A. Merriman completed the sale of 14,095 shares of the company’s stock. This is another piece of news that is relevant to this topic. The purchase of each share occurred at an average price of $199.13 during the sale, resulting in a total value of the transaction equal to $2,806,737.35.
Following the completion of the transaction, the director will have a total of 1,322,954 shares of the company. These shares have a current value of $263,439,830.0. Following the submission of a court document to the SEC, the transaction was brought to the general public’s attention. On the website of the SEC, you can find the document you are looking for. Additionally, on Monday, October 3rd, Chief Revenue Officer Cedric Pech sold 288 shares of the company’s stock. The shares were sold on the open market for a total price of $57,265.92, which is $198.84 per share divided by the number of shares sold. Following the completion of the sale, the executive will have 34,157 shares in the company. The value of these shares is approximately $6,791,777.88 at present. Disclosures that are related to the sale might be found in this section of the website. Recent transactions involving members of management and other insiders of the company resulted in the sale of 59,846 shares of stock with a total value of $11,956,703. Seventy percent of the company’s total shares are held by insiders, who collectively control most of the company.
The company’s market capitalization as of Thursday morning was $13.08 billion, and the opening price of a share of MDB stock was $188.81. The stock currently has a price-to-earnings ratio of -35.16, and its beta value is 1.02. The moving average of the company’s stock price over the past two hundred days is $238.25, while the moving average of the stock price over the past two days is $174.47. The current price of MongoDB is $546.73, which is the 52-week high, while the current price of MongoDB is $135.15, which is the 52-week low. The ratio of debt to equity stands at 1.66, while the quick ratio is 4.10, and the current ratio also stands at 4.10.
In recent times, a select number of hedge funds have modified the MDB holdings contained within their portfolios. The certified public accounting firm of John W. Brooker & Co. made a fresh investment of $26,000 in MongoDB shares during the second quarter of the fiscal year. Prentice Wealth Management LLC made a new investment in MongoDB during the second quarter, worth $26,000. During the second quarter, Venture Visionary Partners LLC opened a brand new position in MongoDB with a total value of $28,000. During the third quarter of the fiscal year, Sentry Investment Management LLC shelled out $33,000 to acquire a new position in MongoDB. The investment firm Alta Advisers Ltd. added a further $40,000 to its portfolio during the third quarter by purchasing additional shares of MongoDB. Institutional investors and hedge funds collectively own 84.86% of the total number of shares in the company, making up the majority of the shareholders.
The compilation of available materials in stock includes reports from several research analysts who have each contributed their report. The news that KeyCorp had begun providing coverage for MongoDB shares was disclosed in a report made available to the public on November 21st. They have placed an “overweight” rating on the company, and their stock price objective is $215.00. In a research report published on December 7th, Mizuho lowered both their “neutral” rating on MongoDB shares and their target price, which had previously been set at $190.00, to $170.00. This was done in conjunction with the fact that they lowered their target price. UBS Group gave MongoDB a recommendation of “buy” in a research report published on Wednesday, December 7th, and raised their price objective for the company’s stock from $200,000 to $215,000 simultaneously. On Friday, September 30th, Trust Financial issued a report announcing that it had begun covering MongoDB shares. They suggested investing in the company’s stock and estimated it would cost around $300 per share. In research released on Thursday, September 1st, Canaccord Genuity Group upgraded MongoDB from a “hold” rating to a “buy” rating and raised their target price on the stock from $300 to $360.00. This was the last, but not the least, piece of positive news regarding the company. Only three research analysts recommend keeping the stock in one’s portfolio, whereas twenty-one recommend buying the stock. According to the data provided by Bloomberg, the general opinion regarding MongoDB is that investors should “moderately buy” the stock, and the price objective has been established at $270.00.
MongoDB, Inc. is a provider of database platforms that can be used for various purposes on a global scale. The Community Server is a version of its database that can be downloaded for free and comes equipped with all of the features that developers require to begin working with MongoDB. MongoDB Enterprise Advanced, a commercial database server designed specifically for business customers, can operate in the cloud, on-premises, or in a hybrid environment. The business can provide customers with all three of these products. MongoDB Atlas is a database-as-a-service solution that is hosted across multiple clouds. Community Server is a free database version that users can download.