MongoDB, Inc. (NASDAQ:MDB - Get Free Report) was the target of some unusual options trading activity on Wednesday. Investors acquired 23,831 put options on the company. This represents an increase of 2,157% compared to the average volume of 1,056 put options.
MDB has been the topic of several research reports. JMP Securities reissued a "market outperform" rating and issued a $380.00 target price on shares of MongoDB in a report on Wednesday, December 11th. Tigress Financial increased their price objective on shares of MongoDB from $400.00 to $430.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Rosenblatt Securities began coverage on shares of MongoDB in a research report on Tuesday, December 17th. They set a "buy" rating and a $350.00 target price for the company. Piper Sandler reiterated an "overweight" rating and issued a $425.00 price target on shares of MongoDB in a research report on Tuesday, December 10th. Finally, Needham & Company LLC lifted their price objective on MongoDB from $335.00 to $415.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, MongoDB presently has a consensus rating of "Moderate Buy" and a consensus price target of $366.14.
Get Our Latest Stock Analysis on MDB
Shares of NASDAQ:MDB opened at $243.00 on Thursday. The business's 50 day moving average is $289.29 and its 200 day moving average is $268.01. MongoDB has a 12-month low of $212.74 and a 12-month high of $509.62. The stock has a market cap of $18.10 billion, a price-to-earnings ratio of -88.69 and a beta of 1.17.
MongoDB (NASDAQ:MDB - Get Free Report) last issued its quarterly earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.48. The business had revenue of $529.40 million for 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 quarterly revenue was up 22.3% compared to the same quarter last year. During the same period last year, the company posted $0.96 earnings per share. As a group, equities research analysts expect that MongoDB will post -1.86 earnings per share for the current year.
In other news, CAO Thomas Bull sold 154 shares of the business's stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total transaction of $39,462.50. Following the completion of the sale, the chief accounting officer now owns 16,068 shares in the company, valued at approximately $4,117,425. The trade was a 0.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the company's stock in a transaction on Monday, October 14th. The shares were sold at an average price of $290.31, for a total transaction of $1,451,550.00. Following the completion of the transaction, the chief financial officer now owns 80,307 shares of the company's stock, valued at $23,313,925.17. This represents a 5.86 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,775 shares of company stock worth $9,264,812. 3.60% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC raised its stake in MongoDB by 3.8% in the third quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company's stock valued at $295,000 after purchasing an additional 40 shares in the last quarter. Taylor Frigon Capital Management LLC raised its position in shares of MongoDB by 0.4% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 9,903 shares of the company's stock valued at $2,475,000 after buying an additional 42 shares in the last quarter. Tanager Wealth Management LLP grew its position in MongoDB by 4.7% in the third quarter. Tanager Wealth Management LLP now owns 957 shares of the company's stock worth $259,000 after acquiring an additional 43 shares in the last quarter. Rakuten Securities Inc. increased its stake in MongoDB by 16.5% in the third quarter. Rakuten Securities Inc. now owns 332 shares of the company's stock valued at $90,000 after acquiring an additional 47 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC increased its stake in MongoDB by 5.2% in the third quarter. Prime Capital Investment Advisors LLC now owns 1,190 shares of the company's stock valued at $322,000 after acquiring an additional 59 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors.
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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