MongoDB, Inc. (NASDAQ:MDB - Get Free Report) saw unusually large options trading activity on Wednesday. Stock traders purchased 23,831 put options on the stock. This is an increase of 2,157% compared to the typical daily volume of 1,056 put options.
Analyst Ratings Changes
Several research firms recently commented on MDB. Cantor Fitzgerald raised their price target on shares of MongoDB from $252.00 to $271.00 and gave the company an "overweight" rating in a report on Thursday, June 5th. JMP Securities reiterated a "market outperform" rating and set a $345.00 price objective on shares of MongoDB in a research note on Thursday, June 5th. Rosenblatt Securities dropped their price objective on shares of MongoDB from $305.00 to $290.00 and set a "buy" rating on the stock in a research note on Thursday, June 5th. Needham & Company LLC reiterated a "buy" rating and set a $270.00 price objective on shares of MongoDB in a research note on Thursday, June 5th. Finally, DA Davidson reiterated a "buy" rating and set a $275.00 price objective on shares of MongoDB in a research note on Thursday, June 5th. Eight research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, MongoDB currently has a consensus rating of "Moderate Buy" and an average target price of $282.47.
Check Out Our Latest Stock Analysis on MongoDB
Insiders Place Their Bets
In related news, insider Cedric Pech sold 1,690 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $173.26, for a total value of $292,809.40. Following the transaction, the insider now owns 57,634 shares in the company, valued at approximately $9,985,666.84. This trade represents a 2.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $52,148.25. Following the completion of the transaction, the chief accounting officer now owns 14,598 shares in the company, valued at $2,529,103.50. The trade was a 2.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,382 shares of company stock valued at $10,403,807 in the last ninety days. Insiders own 3.10% of the company's stock.
Hedge Funds Weigh In On MongoDB
A number of hedge funds have recently added to or reduced their stakes in MDB. Strategic Investment Solutions Inc. IL acquired a new position in shares of MongoDB during the fourth quarter valued at $29,000. Cloud Capital Management LLC acquired a new position in shares of MongoDB during the first quarter valued at $25,000. NCP Inc. acquired a new position in shares of MongoDB during the fourth quarter valued at $35,000. Hollencrest Capital Management acquired a new position in shares of MongoDB during the first quarter valued at $26,000. Finally, Cullen Frost Bankers Inc. boosted its holdings in shares of MongoDB by 315.8% during 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. Institutional investors and hedge funds own 89.29% of the company's stock.
MongoDB Price Performance
MongoDB stock opened at $206.76 on Thursday. The company has a market cap of $16.89 billion, a PE ratio of -181.37 and a beta of 1.39. The company has a fifty day moving average price of $188.81 and a two-hundred day moving average price of $219.23. MongoDB has a 12 month low of $140.78 and a 12 month high of $370.00.
MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The company reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.35. The firm had revenue of $549.01 million during the quarter, compared to the consensus estimate of $527.49 million. MongoDB had a negative net margin of 4.09% and a negative return on equity of 3.16%. The firm's revenue was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.51 earnings per share. Equities research analysts anticipate that MongoDB will post -1.78 earnings per share for the current year.
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.
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