MongoDB Target of Unusually Large Options Trading (NASDAQ:MDB)

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

Wall Street Analyst Weigh In

MDB has been the topic of several research analyst reports. Robert W. Baird raised their price objective on MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Bank of America raised their price target on MongoDB from $300.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Tigress Financial boosted their price objective on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Truist Financial restated a “buy” rating and set a $400.00 target price (up from $320.00) on shares of MongoDB in a report on Tuesday, December 10th. Finally, DA Davidson lifted their price target on shares of MongoDB from $340.00 to $405.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Two investment 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.com, the company has an average rating of “Moderate Buy” and a consensus target price of $366.14.

Insider Buying and Selling at MongoDB

In other MongoDB news, CAO Thomas Bull sold 1,000 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $355.92, for a total transaction of $355,920.00. Following the transaction, the chief accounting officer now owns 15,068 shares of the company’s stock, valued at approximately $5,363,002.56. This represents a 6.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Hope F. Cochran sold 1,175 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $266.99, for a total value of $313,713.25. Following the completion of the transaction, the director now owns 17,570 shares in the company, valued at approximately $4,691,014.30. This represents a 6.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,775 shares of company stock worth $9,264,812 over the last ninety days. Corporate insiders own 3.60% of the company’s stock.

Institutional Trading of MongoDB

A number of hedge funds have recently made changes to their positions in MDB. Jennison Associates LLC raised its stake in MongoDB by 23.6% in the 3rd quarter. Jennison Associates LLC now owns 3,102,024 shares of the company’s stock valued at $838,632,000 after acquiring an additional 592,038 shares during the period. Geode Capital Management LLC increased its holdings in shares of MongoDB by 2.9% in the third quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock valued at $331,776,000 after purchasing an additional 34,814 shares during the last quarter. Westfield Capital Management Co. LP raised its position in shares of MongoDB by 1.5% in the third quarter. Westfield Capital Management Co. LP now owns 496,248 shares of the company’s stock valued at $134,161,000 after purchasing an additional 7,526 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of MongoDB by 1,098.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 424,402 shares of the company’s stock worth $106,084,000 after buying an additional 388,979 shares during the last quarter. Finally, Holocene Advisors LP boosted its holdings in shares of MongoDB by 22.6% during the 3rd quarter. Holocene Advisors LP now owns 362,603 shares of the company’s stock worth $98,030,000 after buying an additional 66,730 shares during the period. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Trading Up 0.0 %

NASDAQ MDB opened at $243.00 on Thursday. The firm has a market capitalization of $18.10 billion, a P/E ratio of -88.69 and a beta of 1.17. The firm’s fifty day moving average price is $289.29 and its two-hundred day moving average price is $268.01. MongoDB has a 1 year low of $212.74 and a 1 year high of $509.62.

MongoDB (NASDAQ:MDB) last issued its earnings results on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The company had revenue of $529.40 million for the quarter, compared to analysts’ expectations of $497.39 million. During the same period in the prior year, the firm earned $0.96 EPS. MongoDB’s quarterly revenue was up 22.3% compared to the same quarter last year. On average, research analysts anticipate that MongoDB will post -1.86 EPS for the current fiscal year.

MongoDB Company Profile

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.