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MongoDB, Inc. (NASDAQ:MDB – Free Report) was the recipient of some unusual options trading on Wednesday. Stock traders acquired 36,130 call options on the company. This is an increase of 2,077% compared to the average daily volume of 1,660 call options.
Insider Activity at MongoDB
In other news, CAO Thomas Bull sold 605 shares of the business’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $228.34, for a total transaction of $138,145.70. Following the completion of the sale, the chief accounting officer now owns 17,706 shares in the company, valued at $4,042,988.04. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Hope F. Cochran sold 1,175 shares of the company’s stock in a transaction dated Monday, April 3rd. The stock was sold at an average price of $228.33, for a total value of $268,287.75. Following the completion of the sale, the director now owns 9,437 shares in the company, valued at $2,154,750.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Thomas Bull sold 605 shares of the company’s stock in a transaction dated Monday, April 3rd. The shares were sold at an average price of $228.34, for a total value of $138,145.70. Following the completion of the sale, the chief accounting officer now owns 17,706 shares of the company’s stock, valued at approximately $4,042,988.04. The disclosure for this sale can be found here. Insiders sold 108,856 shares of company stock valued at $27,327,511 in the last three months. Corporate insiders own 4.80% of the company’s stock.
Institutional Investors Weigh In On MongoDB
A number of large investors have recently added to or reduced their stakes in the stock. Bessemer Group Inc. acquired a new stake in shares of MongoDB in the 4th quarter valued at $29,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of MongoDB during the 4th quarter valued at $30,000. Global Retirement Partners LLC boosted its holdings in shares of MongoDB by 346.7% during the 1st quarter. Global Retirement Partners LLC now owns 134 shares of the company’s stock valued at $30,000 after acquiring an additional 104 shares in the last quarter. Lindbrook Capital LLC boosted its holdings in shares of MongoDB by 350.0% during the 4th quarter. Lindbrook Capital LLC now owns 171 shares of the company’s stock valued at $34,000 after acquiring an additional 133 shares in the last quarter. Finally, Y.D. More Investments Ltd bought a new position in MongoDB during the 4th quarter worth $36,000. Institutional investors and hedge funds own 89.22% of the company’s stock.
MongoDB Price Performance
Shares of NASDAQ MDB opened at $398.02 on Thursday. The firm has a market cap of $27.88 billion, a P/E ratio of -85.23 and a beta of 1.04. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 1.44. MongoDB has a 1-year low of $135.15 and a 1-year high of $414.48. The business’s 50 day moving average is $305.26 and its 200-day moving average is $243.01.
MongoDB (NASDAQ:MDB – Free Report) last issued its quarterly earnings results on Thursday, June 1st. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.38. The business had revenue of $368.28 million for the quarter, compared to the consensus estimate of $347.77 million. MongoDB had a negative return on equity of 43.25% and a negative net margin of 23.58%. The firm’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.15) earnings per share. Equities research analysts predict that MongoDB will post -2.85 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on MDB. Royal Bank of Canada boosted their target price on MongoDB from $400.00 to $445.00 in a research note on Friday, June 23rd. Oppenheimer boosted their target price on MongoDB from $270.00 to $430.00 in a research note on Friday, June 2nd. The Goldman Sachs Group boosted their target price on MongoDB from $420.00 to $440.00 in a research note on Friday, June 23rd. Tigress Financial boosted their target price on MongoDB from $365.00 to $490.00 in a research note on Wednesday. Finally, Morgan Stanley upped their price objective on MongoDB from $270.00 to $440.00 in a research report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat, MongoDB presently has an average rating of “Moderate Buy” and a consensus target price of $358.96.
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