MongoDB, Inc. (NASDAQ:MDB - Get Free Report) was the target of unusually large options trading activity on Wednesday. Stock investors acquired 23,831 put options on the stock. This represents an increase of approximately 2,157% compared to the average daily volume of 1,056 put options.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on MDB. Guggenheim upped their target price on MongoDB from $310.00 to $400.00 and gave the company a "buy" rating in a research report on Monday, September 15th. UBS Group upped their target price on MongoDB from $310.00 to $330.00 and gave the company a "neutral" rating in a research report on Thursday, September 18th. Cantor Fitzgerald upped their target price on MongoDB from $312.00 to $406.00 and gave the company an "overweight" rating in a research report on Thursday, September 18th. BMO Capital Markets upped their target price on MongoDB from $315.00 to $365.00 and gave the company an "outperform" rating in a research report on Thursday, September 18th. Finally, Canaccord Genuity Group upped their target price on MongoDB from $340.00 to $375.00 and gave the company a "buy" rating in a research report on Monday, September 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, MongoDB currently has a consensus rating of "Moderate Buy" and an average target price of $342.69.
Read Our Latest Stock Analysis on MongoDB
MongoDB Trading Up 3.6%
MongoDB stock opened at $321.53 on Thursday. MongoDB has a twelve month low of $140.78 and a twelve month high of $370.00. The stock has a 50 day moving average of $273.70 and a two-hundred day moving average of $218.70. The stock has a market capitalization of $26.16 billion, a price-to-earnings ratio of -328.09 and a beta of 1.50.
Insider Buying and Selling at MongoDB
In related news, Director Charles M. Hazard, Jr. sold 166 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $310.00, for a total value of $51,460.00. Following the completion of the sale, the director directly owned 14,493 shares of the company's stock, valued at $4,492,830. This represents a 1.13% decrease in their position. 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 1,000 shares of the company's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $326.25, for a total value of $326,250.00. Following the completion of the sale, the chief accounting officer directly owned 11,598 shares of the company's stock, valued at approximately $3,783,847.50. This trade represents a 7.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 106,163 shares of company stock worth $31,862,322. 3.10% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cloud Capital Management LLC acquired a new stake in MongoDB in the first quarter valued at $25,000. Hollencrest Capital Management acquired a new stake in MongoDB in the first quarter valued at $26,000. Cullen Frost Bankers Inc. lifted its holdings in MongoDB by 315.8% in the first quarter. Cullen Frost Bankers Inc. now owns 158 shares of the company's stock valued at $28,000 after acquiring an additional 120 shares during the period. Montag A & Associates Inc. lifted its holdings in MongoDB by 144.3% in the second quarter. Montag A & Associates Inc. now owns 171 shares of the company's stock valued at $36,000 after acquiring an additional 101 shares during the period. Finally, Promus Capital LLC acquired a new stake in MongoDB in the second quarter valued at $36,000. Institutional investors and hedge funds own 89.29% of the company's stock.
About MongoDB
(
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.
Further Reading
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