Stock Traders Purchase High Volume of MongoDB Call Options (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDBGet Free Report) was the target of some unusual options trading on Wednesday. Stock traders bought 36,130 call options on the company. This represents an increase of approximately 2,077% compared to the average volume of 1,660 call options.

Insider Activity

In other news, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $363.01, for a total value of $363,010.00. Following the completion of the sale, the director now directly owns 523,896 shares of the company’s stock, valued at approximately $190,179,486.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction on Monday, April 1st. The shares were sold at an average price of $363.01, for a total value of $363,010.00. Following the transaction, the director now directly owns 523,896 shares in the company, valued at approximately $190,179,486.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Dwight A. Merriman sold 2,000 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $234.24, for a total transaction of $468,480.00. Following the completion of the transaction, the director now directly owns 1,146,784 shares in the company, valued at $268,622,684.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,802 shares of company stock worth $16,982,551. 3.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MongoDB

Several large investors have recently bought and sold shares of MDB. Transcendent Capital Group LLC bought a new stake in shares of MongoDB in the 4th quarter worth $25,000. Blue Trust Inc. lifted its position in shares of MongoDB by 937.5% in the 4th quarter. Blue Trust Inc. now owns 83 shares of the company’s stock valued at $34,000 after acquiring an additional 75 shares in the last quarter. Huntington National Bank boosted its stake in MongoDB by 279.3% in the 3rd quarter. Huntington National Bank now owns 110 shares of the company’s stock worth $38,000 after purchasing an additional 81 shares during the period. YHB Investment Advisors Inc. acquired a new stake in MongoDB during the 1st quarter valued at $41,000. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of MongoDB by 38.3% in the third quarter. Parkside Financial Bank & Trust now owns 130 shares of the company’s stock valued at $45,000 after purchasing an additional 36 shares in the last quarter. Institutional investors and hedge funds own 89.29% of the company’s stock.

MongoDB Stock Performance

NASDAQ MDB opened at $218.18 on Friday. The company has a 50-day moving average price of $330.95 and a two-hundred day moving average price of $380.01. MongoDB has a 52 week low of $217.95 and a 52 week high of $509.62. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.93 and a current ratio of 4.93.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on MDB shares. Needham & Company LLC reissued a “buy” rating and set a $290.00 price target on shares of MongoDB in a research note on Thursday. Guggenheim raised shares of MongoDB from a “sell” rating to a “neutral” rating in a research note on Monday, June 3rd. Robert W. Baird dropped their price objective on shares of MongoDB from $450.00 to $305.00 and set an “outperform” rating for the company in a research note on Friday, May 31st. Citigroup reduced their target price on MongoDB from $480.00 to $350.00 and set a “buy” rating on the stock in a research note on Monday, June 3rd. Finally, Scotiabank dropped their price target on MongoDB from $385.00 to $250.00 and set a “sector perform” rating for the company in a research report on Monday, June 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus price target of $364.11.

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About MongoDB

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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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