MongoDB, Inc. (NASDAQ:MDB – Get Rating) saw unusually large options trading on Wednesday. Stock traders bought 36,130 call options on the company. This represents an increase of 2,077% compared to the typical daily volume of 1,660 call options.
Shares of MDB opened at $254.32 on Thursday. The stock has a fifty day moving average of $314.36 and a two-hundred day moving average of $386.27. The company has a debt-to-equity ratio of 1.69, a quick ratio of 4.16 and a current ratio of 4.16. The company has a market capitalization of $17.32 billion, a PE ratio of -52.55 and a beta of 1.00. MongoDB has a fifty-two week low of $213.39 and a fifty-two week high of $590.00.
MongoDB (NASDAQ:MDB – Get Rating) last announced its quarterly earnings data on Wednesday, June 1st. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.34) by $1.54. MongoDB had a negative net margin of 32.75% and a negative return on equity of 45.56%. The company had revenue of $285.45 million during the quarter, compared to analysts’ expectations of $267.10 million. During the same period in the previous year, the company earned ($0.98) EPS. The business’s quarterly revenue was up 57.1% compared to the same quarter last year. As a group, equities research analysts forecast that MongoDB will post -5.09 earnings per share for the current fiscal year.
Several analysts have recently issued reports on MDB shares. Barclays increased their price objective on MongoDB from $330.00 to $338.00 and gave the company an “overweight” rating in a research note on Thursday, June 2nd. Oppenheimer cut their price target on MongoDB from $490.00 to $400.00 and set an “outperform” rating on the stock in a research note on Thursday, June 2nd. William Blair restated an “outperform” rating on shares of MongoDB in a research note on Tuesday, May 24th. UBS Group raised their price target on MongoDB from $315.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, June 8th. Finally, Canaccord Genuity Group cut their price target on MongoDB from $400.00 to $300.00 in a research note on Thursday, June 2nd. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $420.38.
In other news, insider Thomas Bull sold 2,500 shares of the firm’s stock in a transaction on Thursday, March 31st. The stock was sold at an average price of $444.14, for a total transaction of $1,110,350.00. Following the completion of the transaction, the insider now directly owns 17,904 shares in the company, valued at $7,951,882.56. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Dwight A. Merriman sold 3,000 shares of the firm’s stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $251.74, for a total value of $755,220.00. Following the transaction, the director now owns 544,896 shares of the company’s stock, valued at $137,172,119.04. The disclosure for this sale can be found here. Insiders have sold 90,809 shares of company stock worth $32,992,875 over the last 90 days. 5.70% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in MDB. Neuberger Berman Group LLC boosted its position in MongoDB by 1.2% during the 1st quarter. Neuberger Berman Group LLC now owns 120,584 shares of the company’s stock worth $53,489,000 after purchasing an additional 1,443 shares during the period. The Manufacturers Life Insurance Company boosted its position in MongoDB by 2,441.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 38,446 shares of the company’s stock worth $16,561,000 after purchasing an additional 36,933 shares during the period. Worldquant Millennium Advisors LLC purchased a new stake in MongoDB during the 1st quarter worth $7,910,000. Altimeter Capital Management LP boosted its position in MongoDB by 23.2% during the 1st quarter. Altimeter Capital Management LP now owns 308,000 shares of the company’s stock worth $136,626,000 after purchasing an additional 58,000 shares during the period. Finally, Beacon Pointe Advisors LLC boosted its position in MongoDB by 78.0% during the 1st quarter. Beacon Pointe Advisors LLC now owns 678 shares of the company’s stock worth $301,000 after purchasing an additional 297 shares during the period. 88.70% of the stock is owned by institutional investors.
MongoDB Company Profile (Get Rating)
MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; 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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