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Traders Purchase Large Volume of MongoDB Call Options (NASDAQ:MDB)

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Posted on mongodb google news. Visit mongodb google news

MongoDB, Inc. (NASDAQ:MDBGet Free Report) was the recipient of unusually large options trading activity on Wednesday. Stock traders acquired 36,130 call options on the stock. This represents an increase of approximately 2,077% compared to the average volume of 1,660 call options.

Insider Buying and Selling

In related news, CEO Dev Ittycheria sold 17,160 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $348.11, for a total transaction of $5,973,567.60. Following the sale, the chief executive officer now owns 226,073 shares in the company, valued at $78,698,272.03. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other MongoDB news, CEO Dev Ittycheria sold 17,160 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $348.11, for a total value of $5,973,567.60. Following the sale, the chief executive officer now owns 226,073 shares in the company, valued at $78,698,272.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Thomas Bull sold 170 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total transaction of $59,180.40. Following the completion of the sale, the chief accounting officer now owns 17,360 shares in the company, valued at approximately $6,043,363.20. The disclosure for this sale can be found here. Insiders have sold a total of 46,802 shares of company stock worth $16,514,071 over the last quarter. 4.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of MDB. Strs Ohio bought a new position in shares of MongoDB during the 3rd quarter valued at $626,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in MongoDB by 30.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,283 shares of the company’s stock worth $7,173,000 after acquiring an additional 4,971 shares during the period. Advisor Partners II LLC raised its holdings in MongoDB by 54.3% in the 3rd quarter. Advisor Partners II LLC now owns 1,137 shares of the company’s stock worth $393,000 after acquiring an additional 400 shares during the period. Park Avenue Securities LLC bought a new position in MongoDB in the 3rd quarter worth $622,000. Finally, CIBC Asset Management Inc raised its holdings in MongoDB by 2.3% in the 3rd quarter. CIBC Asset Management Inc now owns 2,360 shares of the company’s stock worth $816,000 after acquiring an additional 53 shares during the period. Institutional investors own 89.29% of the company’s stock.

Wall Street Analysts Forecast Growth

MDB has been the subject of several recent analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $440.00 price objective on shares of MongoDB in a report on Monday, January 22nd. Citigroup raised their target price on shares of MongoDB from $515.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Redburn Atlantic restated a “sell” rating and set a $295.00 target price (down from $410.00) on shares of MongoDB in a report on Tuesday, March 19th. Stifel Nicolaus restated a “buy” rating and set a $435.00 target price on shares of MongoDB in a report on Thursday, March 14th. Finally, Guggenheim upped their price target on shares of MongoDB from $250.00 to $272.00 and gave the company a “sell” rating in a research report on Monday, March 4th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $443.86.

View Our Latest Research Report on MongoDB

MongoDB Stock Up 4.8 %

MDB stock opened at $376.49 on Thursday. MongoDB has a 12-month low of $267.68 and a 12-month high of $509.62. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07. The company has a market cap of $27.42 billion, a price-to-earnings ratio of -151.81 and a beta of 1.19. The company has a 50 day moving average of $359.46 and a two-hundred day moving average of $391.95.

MongoDB (NASDAQ:MDBGet Free Report) last released its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). The business had revenue of $458.00 million for the quarter, compared to the consensus estimate of $431.99 million. MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. On average, equities analysts anticipate that MongoDB will post -2.53 earnings per share for the current fiscal year.

MongoDB Company Profile

(Get Free Report)

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

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