MongoDB Sees Unusually Large Options Volume (NASDAQ:MDB)

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MDB. Needham & Company LLC restated a “buy” rating and issued a $465.00 price objective on shares of MongoDB in a research report on Thursday, April 25th. Stifel Nicolaus restated a “buy” rating and set a $435.00 price objective on shares of MongoDB in a research report on Thursday, March 14th. Redburn Atlantic reaffirmed a “sell” rating and set a $295.00 target price (down from $410.00) on shares of MongoDB in a report on Tuesday, March 19th. Citigroup increased their price objective on shares of MongoDB from $515.00 to $550.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Finally, UBS Group reissued a “neutral” rating and issued a $410.00 price objective (down from $475.00) on shares of MongoDB in a research note on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $443.86.

Insiders Place Their Bets

In other news, CAO Thomas Bull sold 170 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total transaction of $59,180.40. Following the completion of the transaction, the chief accounting officer now directly owns 17,360 shares of the company’s stock, valued at approximately $6,043,363.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other MongoDB news, Director Dwight A. Merriman sold 2,000 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $365.00, for a total value of $730,000.00. Following the sale, the director now directly owns 1,154,784 shares in the company, valued at approximately $421,496,160. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 transaction of $59,180.40. Following the completion of the sale, 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. In the last ninety days, insiders sold 57,802 shares of company stock valued at $22,142,301. Corporate insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MDB. Transcendent Capital Group LLC acquired a new position in shares of MongoDB during the fourth quarter valued at $25,000. BluePath Capital Management LLC acquired a new position in shares of MongoDB during the third quarter valued at $30,000. Blue Trust Inc. boosted its stake in MongoDB by 937.5% during the fourth quarter. Blue Trust Inc. now owns 83 shares of the company’s stock valued at $34,000 after buying an additional 75 shares in the last quarter. Cullen Frost Bankers Inc. bought a new position in MongoDB during the third quarter valued at about $35,000. Finally, AM Squared Ltd bought a new position in MongoDB during the third quarter valued at about $35,000. 89.29% of the stock is owned by institutional investors and hedge funds.

MongoDB Price Performance

Shares of NASDAQ MDB opened at $373.33 on Thursday. The firm has a market capitalization of $27.19 billion, a PE ratio of -150.54 and a beta of 1.19. 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 1-year low of $215.56 and a 1-year high of $509.62. The business’s fifty day moving average price is $375.07 and its two-hundred day moving average price is $391.11.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Thursday, March 7th. The company reported ($1.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). The business had revenue of $458.00 million for the quarter, compared to analyst estimates of $431.99 million. MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. On average, research analysts expect that MongoDB will post -2.53 EPS for the current year.

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.