MongoDB, Inc. (NASDAQ:MDB - Get Free Report) was the target of some unusual options trading on Wednesday. Investors purchased 36,130 call options on the stock. This represents an increase of 2,077% compared to the typical daily volume of 1,660 call options.
Analyst Upgrades and Downgrades
MDB has been the subject of several analyst reports. Robert W. Baird lowered their price objective on MongoDB from $390.00 to $300.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Guggenheim raised MongoDB from a "neutral" rating to a "buy" rating and set a $300.00 price target for the company in a report on Monday, January 6th. Monness Crespi & Hardt raised shares of MongoDB from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. Morgan Stanley lowered their target price on shares of MongoDB from $315.00 to $235.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, Wedbush cut their price target on shares of MongoDB from $360.00 to $300.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Eight analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, MongoDB has a consensus rating of "Moderate Buy" and a consensus target price of $299.78.
Get Our Latest Stock Report on MDB
Insider Activity
In related news, CAO Thomas Bull sold 301 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.25, for a total value of $52,148.25. Following the sale, the chief accounting officer now owns 14,598 shares of the company's stock, valued at $2,529,103.50. This trade represents a 2.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Cedric Pech sold 1,690 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total transaction of $292,809.40. Following the transaction, the insider now owns 57,634 shares of the company's stock, valued at $9,985,666.84. This trade represents a 2.85 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,680 shares of company stock worth $10,819,027. Corporate insiders own 3.60% of the company's stock.
Institutional Investors Weigh In On MongoDB
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Morse Asset Management Inc purchased a new stake in MongoDB in the 3rd quarter worth approximately $81,000. M&T Bank Corp boosted its holdings in shares of MongoDB by 9.0% during the third quarter. M&T Bank Corp now owns 3,043 shares of the company's stock worth $823,000 after purchasing an additional 251 shares during the last quarter. Coldstream Capital Management Inc. purchased a new stake in shares of MongoDB in the third quarter valued at $209,000. Virtu Financial LLC increased its stake in MongoDB by 351.2% in the third quarter. Virtu Financial LLC now owns 10,016 shares of the company's stock valued at $2,708,000 after purchasing an additional 7,796 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in MongoDB during the third quarter worth about $44,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.
MongoDB Stock Up 0.3 %
Shares of MongoDB stock traded up $0.48 during trading on Tuesday, hitting $152.15. 3,127,008 shares of the company were exchanged, compared to its average volume of 1,823,493. MongoDB has a fifty-two week low of $140.78 and a fifty-two week high of $387.19. The firm has a 50 day moving average price of $202.52 and a 200 day moving average price of $250.93. The stock has a market capitalization of $12.35 billion, a price-to-earnings ratio of -55.53 and a beta of 1.49.
MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.64 by ($0.45). The company had revenue of $548.40 million during the quarter, compared to analyst estimates of $519.65 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. During the same period last year, the firm earned $0.86 earnings per share. Analysts predict that MongoDB will post -1.78 earnings per share for the current year.
About MongoDB
(
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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.
Further Reading
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