MongoDB Sees Unusually High Options Volume (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDBGet Free Report) was the recipient of some unusual options trading activity on Wednesday. Traders purchased 36,130 call options on the stock. This represents an increase of 2,077% compared to the average daily volume of 1,660 call options.

Insider Activity at MongoDB

In related news, CFO Michael Lawrence Gordon sold 10,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $469.84, for a total transaction of $4,698,400.00. Following the sale, the chief financial officer now owns 70,985 shares in the company, valued at $33,351,592.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other MongoDB news, CFO Michael Lawrence Gordon sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $469.84, for a total transaction of $4,698,400.00. Following the transaction, the chief financial officer now owns 70,985 shares in the company, valued at $33,351,592.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Cedric Pech sold 1,248 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $400.00, for a total value of $499,200.00. Following the completion of the sale, the executive now owns 25,425 shares of the company’s stock, valued at $10,170,000. The disclosure for this sale can be found here. Insiders sold a total of 87,324 shares of company stock worth $34,472,011 in the last three months. Company insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Transcendent Capital Group LLC purchased a new stake in shares of MongoDB in the 4th quarter valued at $25,000. KB Financial Partners LLC purchased a new stake in MongoDB during the second quarter worth about $27,000. Bessemer Group Inc. acquired a new stake in shares of MongoDB during the fourth quarter worth about $29,000. BluePath Capital Management LLC purchased a new position in shares of MongoDB in the third quarter valued at approximately $30,000. Finally, Blue Trust Inc. grew its holdings in shares of MongoDB by 937.5% in the fourth quarter. Blue Trust Inc. now owns 83 shares of the company’s stock valued at $34,000 after purchasing an additional 75 shares in the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Guggenheim upped their price target on shares of MongoDB from $250.00 to $272.00 and gave the stock a “sell” rating in a research report on Monday, March 4th. Barclays increased their target price on MongoDB from $470.00 to $478.00 and gave the company an “overweight” rating in a report on Wednesday, December 6th. Piper Sandler lifted their price target on MongoDB from $425.00 to $500.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 6th. Redburn Atlantic reissued a “sell” rating and issued a $295.00 price objective (down from $410.00) on shares of MongoDB in a research note on Tuesday, March 19th. Finally, Royal Bank of Canada upped their target price on shares of MongoDB from $445.00 to $475.00 and gave the stock an “outperform” rating in a report on Wednesday, December 6th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and an average price target of $449.85.

Read Our Latest Research Report on MDB

MongoDB Stock Down 2.3 %

Shares of NASDAQ:MDB opened at $339.82 on Thursday. The business has a 50-day moving average price of $410.76 and a 200 day moving average price of $389.60. MongoDB has a 12-month low of $198.72 and a 12-month high of $509.62. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $24.53 billion, a price-to-earnings ratio of -137.02 and a beta of 1.19.

MongoDB (NASDAQ:MDBGet Free Report) last announced its quarterly 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 analyst estimates of $431.99 million. Sell-side analysts expect that MongoDB will post -2.53 EPS for the current year.

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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