MongoDB, Inc. (NASDAQ:MDB - Get Free Report) was the target of some unusual options trading on Wednesday. Investors bought 36,130 call options on the company. This is an increase of approximately 2,077% compared to the average daily volume of 1,660 call options.
In other MongoDB news, Director Hope F. Cochran sold 1,175 shares of MongoDB stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $266.99, for a total value of $313,713.25. Following the sale, the director now owns 17,570 shares in the company, valued at $4,691,014.30. The trade was a 6.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Thomas Bull sold 154 shares of the firm's stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total value of $39,462.50. Following the sale, the chief accounting officer now directly owns 16,068 shares of the company's stock, valued at $4,117,425. The trade was a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,775 shares of company stock valued at $9,264,812 over the last quarter. 3.60% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the company. Quarry LP lifted its holdings in MongoDB by 2,580.0% in the 2nd quarter. Quarry LP now owns 134 shares of the company's stock worth $33,000 after purchasing an additional 129 shares during the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of MongoDB in the second quarter worth $35,000. Brooklyn Investment Group bought a new stake in shares of MongoDB during the 3rd quarter worth $36,000. GAMMA Investing LLC grew its stake in MongoDB by 178.8% in the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company's stock valued at $39,000 after buying an additional 93 shares during the last quarter. Finally, Continuum Advisory LLC raised its holdings in MongoDB by 621.1% in the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company's stock worth $40,000 after acquiring an additional 118 shares during the period. Institutional investors and hedge funds own 89.29% of the company's stock.
Shares of MDB stock opened at $243.00 on Thursday. The stock has a 50-day simple moving average of $289.29 and a 200 day simple moving average of $268.01. The stock has a market capitalization of $18.10 billion, a P/E ratio of -88.69 and a beta of 1.17. MongoDB has a fifty-two week low of $212.74 and a fifty-two week high of $509.62.
MongoDB (NASDAQ:MDB - Get Free Report) last released its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.48. The business had revenue of $529.40 million during the quarter, compared to analyst estimates of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. MongoDB's revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter last year, the company posted $0.96 EPS. On average, sell-side analysts anticipate that MongoDB will post -1.86 earnings per share for the current year.
MDB has been the subject of several recent analyst reports. Stifel Nicolaus boosted their target price on MongoDB from $325.00 to $360.00 and gave the stock a "buy" rating in a research note on Monday, December 9th. Macquarie began coverage on MongoDB in a research note on Thursday, December 12th. They set a "neutral" rating and a $300.00 price target on the stock. Monness Crespi & Hardt downgraded MongoDB from a "neutral" rating to a "sell" rating and set a $220.00 price objective for the company. in a report on Monday, December 16th. Citigroup upped their price target on shares of MongoDB from $400.00 to $430.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Finally, UBS Group increased their price objective on MongoDB from $250.00 to $275.00 and gave the stock a "neutral" rating in a research report on Friday, August 30th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, MongoDB has an average rating of "Moderate Buy" and a consensus price target of $366.14.
Get Our Latest Analysis on MongoDB
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider MongoDB, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MongoDB wasn't on the list.
While MongoDB currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.