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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) saw unusually large options trading on Wednesday. Stock traders bought 23,831 put options on the company. This is an increase of approximately 2,157% compared to the typical daily volume of 1,056 put options.
MongoDB Stock Performance
MDB stock traded up $3.63 during mid-day trading on Thursday, hitting $244.15. The company had a trading volume of 2,169,590 shares, compared to its average volume of 1,534,545. The firm has a market cap of $17.91 billion, a PE ratio of -85.59 and a beta of 1.13. The stock’s fifty day moving average price is $307.97 and its two-hundred day moving average price is $368.31. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.93 and a current ratio of 4.93. MongoDB has a 12 month low of $214.74 and a 12 month high of $509.62.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings data on Thursday, May 30th. The company reported ($0.80) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.80). The company had revenue of $450.56 million for the quarter, compared to the consensus estimate of $438.44 million. MongoDB had a negative return on equity of 14.88% and a negative net margin of 11.50%. On average, analysts forecast that MongoDB will post -2.67 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on MDB shares. Oppenheimer reduced their price target on shares of MongoDB from $480.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday, May 31st. JMP Securities dropped their price objective on MongoDB from $440.00 to $380.00 and set a “market outperform” rating on the stock in a research note on Friday, May 31st. Bank of America reduced their target price on shares of MongoDB from $500.00 to $470.00 and set a “buy” rating for the company in a report on Friday, May 17th. Canaccord Genuity Group cut their price objective on MongoDB from $435.00 to $325.00 and set a “buy” rating on the stock in a report on Friday, May 31st. Finally, Guggenheim raised MongoDB from a “sell” rating to a “neutral” rating in a research note on Monday, June 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and an average target price of $361.30.
Read Our Latest Stock Analysis on MongoDB
Insiders Place Their Bets
In related news, Director Dwight A. Merriman sold 1,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $379.15, for a total transaction of $379,150.00. Following the transaction, the director now directly owns 522,896 shares in the company, valued at $198,256,018.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Dwight A. Merriman sold 6,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $374.95, for a total transaction of $2,249,700.00. Following the transaction, the director now directly owns 1,148,784 shares of the company’s stock, valued at $430,736,560.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $379.15, for a total transaction of $379,150.00. Following the sale, the director now owns 522,896 shares in the company, valued at $198,256,018.40. The disclosure for this sale can be found here. Insiders have sold a total of 59,976 shares of company stock valued at $19,525,973 in the last quarter. Insiders own 3.60% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Transcendent Capital Group LLC purchased a new position in MongoDB during the fourth quarter valued at $25,000. Blue Trust Inc. raised its holdings in MongoDB by 937.5% in the fourth quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after buying an additional 75 shares during the last quarter. YHB Investment Advisors Inc. bought a new position in shares of MongoDB in the first quarter worth approximately $41,000. Parkside Financial Bank & Trust increased its position in shares of MongoDB by 38.3% during the third quarter. Parkside Financial Bank & Trust now owns 130 shares of the company’s stock valued at $45,000 after acquiring an additional 36 shares in the last quarter. Finally, Beacon Capital Management LLC lifted its holdings in shares of MongoDB by 1,111.1% during the fourth quarter. Beacon Capital Management LLC now owns 109 shares of the company’s stock valued at $45,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.
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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