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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) saw some unusual options trading activity on Wednesday. Traders bought 23,831 put options on the company. This represents an increase of 2,157% compared to the average volume of 1,056 put options.
Insider Buying and Selling at MongoDB
In other news, insider Cedric Pech sold 1,690 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total transaction of $292,809.40. Following the transaction, the insider now directly owns 57,634 shares in the company, valued at $9,985,666.84. The trade was a 2.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dwight A. Merriman sold 885 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $292.05, for a total transaction of $258,464.25. Following the transaction, the director now owns 83,845 shares in the company, valued at approximately $24,486,932.25. This trade represents a 1.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,423 shares of company stock worth $7,148,369. 3.60% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Cloud Capital Management LLC acquired a new stake in MongoDB during the 1st quarter worth approximately $25,000. Hollencrest Capital Management bought a new position in MongoDB during the first quarter worth $26,000. Cullen Frost Bankers Inc. boosted its position in MongoDB by 315.8% during the first quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company’s stock worth $28,000 after purchasing an additional 120 shares during the period. Strategic Investment Solutions Inc. IL bought a new stake in shares of MongoDB in the fourth quarter valued at about $29,000. Finally, NCP Inc. bought a new stake in shares of MongoDB in the fourth quarter valued at about $35,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the stock. Citigroup reduced their price target on shares of MongoDB from $430.00 to $330.00 and set a “buy” rating on the stock in a report on Tuesday, April 1st. The Goldman Sachs Group reduced their price target on shares of MongoDB from $390.00 to $335.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. Macquarie reduced their price target on shares of MongoDB from $300.00 to $215.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Scotiabank reissued a “sector perform” rating and set a $160.00 price objective (down previously from $240.00) on shares of MongoDB in a research note on Friday, April 25th. Finally, Robert W. Baird reduced their price objective on shares of MongoDB from $390.00 to $300.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Eight investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $294.78.
View Our Latest Analysis on MDB
MongoDB Stock Performance
MDB opened at $193.74 on Thursday. The firm’s 50-day simple moving average is $174.68 and its 200-day simple moving average is $240.73. MongoDB has a twelve month low of $140.78 and a twelve month high of $379.06. The firm has a market cap of $15.73 billion, a price-to-earnings ratio of -70.71 and a beta of 1.49.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company had revenue of $548.40 million for the quarter, compared to the consensus estimate of $519.65 million. During the same period in the prior year, the company earned $0.86 EPS. As a group, sell-side analysts anticipate that MongoDB will post -1.78 EPS for the current fiscal year.
About MongoDB
MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides 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-premises, 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