Investors Purchase Large Volume of MongoDB Put Options (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDBGet Free Report) was the recipient of some unusual options trading activity on Wednesday. Stock traders acquired 23,831 put options on the stock. This is an increase of 2,157% compared to the average volume of 1,056 put options.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MDB shares. Tigress Financial upped their price objective on shares of MongoDB from $495.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Citigroup increased their price target on MongoDB from $515.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. UBS Group reaffirmed a “neutral” rating and set a $410.00 target price (down from $475.00) on shares of MongoDB in a research report on Thursday, January 4th. Piper Sandler increased their target price on MongoDB from $425.00 to $500.00 and gave the stock an “overweight” rating in a report on Wednesday, December 6th. Finally, KeyCorp boosted their price target on shares of MongoDB from $500.00 to $543.00 and gave the company an “overweight” rating in a research note on Wednesday, February 14th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $449.85.

Check Out Our Latest Analysis on MDB

MongoDB Price Performance

MongoDB stock opened at $339.82 on Thursday. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40. MongoDB has a one year low of $198.72 and a one year high of $509.62. The firm has a market capitalization of $24.53 billion, a P/E ratio of -137.02 and a beta of 1.19. The business has a fifty day moving average price of $410.76 and a 200-day moving average price of $389.60.

MongoDB (NASDAQ:MDBGet Free Report) last posted its earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. The company had revenue of $458.00 million for the quarter, compared to analysts’ expectations of $431.99 million. As a group, equities research analysts forecast that MongoDB will post -2.53 EPS for the current year.

Insider Buying and Selling at MongoDB

In other news, Director Dwight A. Merriman sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $341.12, for a total transaction of $1,364,480.00. Following the transaction, the director now directly owns 1,156,784 shares of the company’s stock, valued at $394,602,158.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other MongoDB news, Director Dwight A. Merriman sold 4,000 shares of MongoDB stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $341.12, for a total value of $1,364,480.00. Following the completion of the sale, the director now directly owns 1,156,784 shares in the company, valued at $394,602,158.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Thomas Bull sold 170 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total value of $59,180.40. Following the transaction, the chief accounting officer now owns 17,360 shares in the company, valued at $6,043,363.20. The disclosure for this sale can be found here. Insiders have sold a total of 87,324 shares of company stock valued at $34,472,011 in the last three months. 4.80% of the stock is currently owned by company insiders.

Institutional Trading of MongoDB

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Transcendent Capital Group LLC bought a new stake in shares of MongoDB during the 4th quarter valued at about $25,000. KB Financial Partners LLC purchased a new position in shares of MongoDB during the 2nd quarter worth approximately $27,000. Bessemer Group Inc. purchased a new position in MongoDB during the fourth quarter valued at $29,000. BluePath Capital Management LLC purchased a new position in MongoDB during the 3rd quarter valued at about $30,000. Finally, Blue Trust Inc. raised its position in MongoDB by 937.5% in the fourth quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after acquiring an additional 75 shares during the period. Institutional investors own 89.29% of the company’s stock.

MongoDB Company Profile

(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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