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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) was the recipient of unusually large options trading on Wednesday. Stock investors bought 36,130 call options on the stock. This is an increase of 2,077% compared to the typical volume of 1,660 call options.
MongoDB Price Performance
Shares of NASDAQ MDB opened at $382.26 on Thursday. The stock has a market cap of $26.98 billion, a PE ratio of -110.48 and a beta of 1.11. MongoDB has a fifty-two week low of $135.15 and a fifty-two week high of $439.00. The stock has a fifty day moving average of $390.04 and a 200-day moving average of $308.14. The company has a debt-to-equity ratio of 1.44, a quick ratio of 4.19 and a current ratio of 4.19.
Wall Street Analyst Weigh In
MDB has been the subject of several recent analyst reports. Capital One Financial initiated coverage on MongoDB in a report on Monday, June 26th. They issued an “equal weight” rating and a $396.00 target price for the company. Tigress Financial upped their target price on MongoDB from $365.00 to $490.00 in a report on Wednesday, June 28th. Canaccord Genuity Group increased their price objective on MongoDB from $410.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday. UBS Group increased their price objective on MongoDB from $425.00 to $465.00 and gave the company a “buy” rating in a report on Friday, September 1st. Finally, Argus increased their price objective on MongoDB from $435.00 to $484.00 and gave the company a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $418.08.
Check Out Our Latest Stock Analysis on MDB
Insider Transactions at MongoDB
In other news, CRO Cedric Pech sold 360 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $406.79, for a total value of $146,444.40. Following the completion of the sale, the executive now directly owns 37,156 shares of the company’s stock, valued at $15,114,689.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CRO Cedric Pech sold 360 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $406.79, for a total value of $146,444.40. Following the completion of the sale, the executive now directly owns 37,156 shares of the company’s stock, valued at $15,114,689.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Hope F. Cochran sold 2,174 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $373.19, for a total value of $811,315.06. Following the completion of the transaction, the director now directly owns 8,200 shares of the company’s stock, valued at $3,060,158. The disclosure for this sale can be found here. Insiders sold a total of 83,551 shares of company stock valued at $33,875,952 over the last ninety days. 4.80% of the stock is currently owned by insiders.
Institutional Investors Weigh In On MongoDB
Several large investors have recently added to or reduced their stakes in the business. Alamar Capital Management LLC boosted its stake in MongoDB by 2.4% during the second quarter. Alamar Capital Management LLC now owns 9,056 shares of the company’s stock valued at $3,722,000 after buying an additional 210 shares during the period. Osaic Holdings Inc. lifted its stake in MongoDB by 47.9% during the second quarter. Osaic Holdings Inc. now owns 14,324 shares of the company’s stock worth $5,876,000 after purchasing an additional 4,640 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in MongoDB by 365.9% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 7,142 shares of the company’s stock worth $2,935,000 after purchasing an additional 5,609 shares during the last quarter. Coppell Advisory Solutions LLC bought a new stake in MongoDB during the second quarter worth about $43,000. Finally, Alliancebernstein L.P. lifted its stake in MongoDB by 62.6% during the second quarter. Alliancebernstein L.P. now owns 264,330 shares of the company’s stock worth $108,637,000 after purchasing an additional 101,804 shares during the last quarter. Institutional investors own 88.89% of the company’s stock.
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