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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) was the target of some unusual options trading activity on Wednesday. Stock traders acquired 23,831 put options on the company. This represents an increase of 2,157% compared to the typical volume of 1,056 put options.
MongoDB Stock Up 6.1 %
MDB opened at $240.52 on Thursday. MongoDB has a 52 week low of $214.74 and a 52 week high of $509.62. The company has a quick ratio of 4.93, a current ratio of 4.93 and a debt-to-equity ratio of 0.90. The firm has a 50-day simple moving average of $307.97 and a two-hundred day simple moving average of $368.31. The company has a market capitalization of $17.64 billion, a PE ratio of -85.59 and a beta of 1.13.
MongoDB (NASDAQ:MDB – Get Free Report) last announced its quarterly earnings results on Thursday, May 30th. The company reported ($0.80) EPS for the quarter, meeting analysts’ consensus estimates of ($0.80). MongoDB had a negative return on equity of 14.88% and a negative net margin of 11.50%. The company had revenue of $450.56 million during the quarter, compared to analyst estimates of $438.44 million. Analysts forecast that MongoDB will post -2.67 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the company. Truist Financial cut their price target on MongoDB from $475.00 to $300.00 and set a “buy” rating for the company in a research note on Friday, May 31st. Monness Crespi & Hardt raised shares of MongoDB to a “hold” rating in a report on Tuesday, May 28th. Mizuho dropped their price target on shares of MongoDB from $380.00 to $250.00 and set a “neutral” rating on the stock in a research note on Friday, May 31st. Stifel Nicolaus reduced their price objective on MongoDB from $435.00 to $300.00 and set a “buy” rating for the company in a research note on Friday, May 31st. Finally, Barclays lowered their target price on MongoDB from $458.00 to $290.00 and set an “overweight” rating on the stock in a research report on Friday, May 31st. One analyst has rated the stock with a sell rating, five have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, MongoDB presently has a consensus rating of “Moderate Buy” and a consensus target price of $361.30.
Get Our Latest Research Report on MDB
Insider Buying and Selling at MongoDB
In other MongoDB news, CEO Dev Ittycheria sold 17,160 shares of the firm’s 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 completion of the sale, the chief executive officer now directly owns 226,073 shares in the company, valued at approximately $78,698,272.03. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Dev Ittycheria sold 17,160 shares of the business’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 transaction of $5,973,567.60. Following the completion of the transaction, the chief executive officer now directly owns 226,073 shares of the company’s stock, valued at $78,698,272.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $363.01, for a total transaction of $363,010.00. Following the completion of the sale, the director now owns 523,896 shares in the company, valued at approximately $190,179,486.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 59,976 shares of company stock worth $19,525,973. 3.60% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of MongoDB by 1.0% in the first quarter. Vanguard Group Inc. now owns 6,910,761 shares of the company’s stock valued at $2,478,475,000 after purchasing an additional 68,348 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of MongoDB by 14.3% in the first quarter. Jennison Associates LLC now owns 4,408,424 shares of the company’s stock valued at $1,581,037,000 after purchasing an additional 551,567 shares in the last quarter. Norges Bank purchased a new position in shares of MongoDB in the fourth quarter valued at $326,237,000. Champlain Investment Partners LLC lifted its position in MongoDB by 22.4% in the first quarter. Champlain Investment Partners LLC now owns 550,684 shares of the company’s stock worth $197,497,000 after buying an additional 100,725 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in MongoDB by 59.3% during the fourth quarter. First Trust Advisors LP now owns 549,052 shares of the company’s stock worth $224,480,000 after buying an additional 204,284 shares during the period. 89.29% of the stock is owned by hedge funds and other institutional investors.
MongoDB Company Profile
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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