MongoDB Sees Unusually Large Options Volume (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDB) was the recipient of unusually large options trading activity on Wednesday. Investors purchased 36,130 call options on the company. This is an increase of 2,077% compared to the average volume of 1,660 call options.

Insider Buying and Selling

In other news, Director Dwight A. Merriman sold 3,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $266.00, for a total value of $798,000.00. Following the completion of the sale, the director now directly owns 1,113,006 shares in the company, valued at $296,059,596. This represents a 0.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Cedric Pech sold 287 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $67,183.83. Following the sale, the insider now directly owns 24,390 shares of the company’s stock, valued at approximately $5,709,455.10. This represents a 1.16 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,491 shares of company stock valued at $11,543,480. Corporate insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On MongoDB

Institutional investors have recently made changes to their positions in the business. B.O.S.S. Retirement Advisors LLC bought a new stake in MongoDB in the fourth quarter valued at about $606,000. Aigen Investment Management LP bought a new stake in shares of MongoDB in the 3rd quarter valued at approximately $1,045,000. Geode Capital Management LLC raised its position in shares of MongoDB by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock valued at $331,776,000 after acquiring an additional 34,814 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in MongoDB during the third quarter worth $4,366,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in MongoDB by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock worth $75,271,000 after purchasing an additional 7,575 shares during the period. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Price Performance

MongoDB stock opened at $282.03 on Thursday. The firm’s 50-day moving average is $268.90 and its two-hundred day moving average is $270.32. The stock has a market capitalization of $21.00 billion, a P/E ratio of -102.93 and a beta of 1.28. MongoDB has a 12-month low of $212.74 and a 12-month high of $509.62.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.48. The company had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. MongoDB’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter last year, the business earned $0.96 EPS. As a group, analysts forecast that MongoDB will post -1.78 EPS for the current year.

Analysts Set New Price Targets

MDB has been the topic of a number of research analyst reports. Wedbush upgraded MongoDB to a “strong-buy” rating in a research report on Thursday, October 17th. Mizuho lifted their price objective on MongoDB from $275.00 to $320.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Needham & Company LLC boosted their price objective on MongoDB from $335.00 to $415.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Robert W. Baird raised their target price on MongoDB from $380.00 to $390.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Finally, Tigress Financial boosted their price target on shares of MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $361.00.

About MongoDB

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.