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

MongoDB, Inc. (NASDAQ:MDBGet Free Report) was the recipient of some unusual options trading activity on Wednesday. Traders acquired 23,831 put options on the stock. This represents an increase of approximately 2,157% compared to the typical daily volume of 1,056 put options.

Insider Activity

In related news, CEO Dev Ittycheria sold 17,160 shares of MongoDB stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $348.11, for a total value of $5,973,567.60. Following the transaction, the chief executive officer now owns 226,073 shares in the company, valued at approximately $78,698,272.03. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other MongoDB news, CAO Thomas Bull sold 170 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total value of $59,180.40. Following the transaction, the chief accounting officer now owns 17,360 shares in the company, valued at $6,043,363.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Dev Ittycheria sold 17,160 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $348.11, for a total transaction of $5,973,567.60. Following the completion of the transaction, the chief executive officer now owns 226,073 shares in the company, valued at approximately $78,698,272.03. The disclosure for this sale can be found here. In the last quarter, insiders have sold 57,802 shares of company stock worth $22,142,301. 4.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MongoDB

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Transcendent Capital Group LLC purchased a new stake in shares of MongoDB in the fourth quarter valued at about $25,000. BluePath Capital Management LLC purchased a new position in MongoDB during the third quarter worth about $30,000. Blue Trust Inc. lifted its position in shares of MongoDB by 937.5% during the fourth quarter. Blue Trust Inc. now owns 83 shares of the company’s stock worth $34,000 after purchasing an additional 75 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of MongoDB during the third quarter worth about $35,000. Finally, AM Squared Ltd acquired a new stake in MongoDB in the third quarter valued at approximately $35,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Wall Street Analyst Weigh In

MDB has been the topic of a number of research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $465.00 target price on shares of MongoDB in a research note on Thursday, April 25th. Guggenheim lifted their target price on shares of MongoDB from $250.00 to $272.00 and gave the company a “sell” rating in a research note on Monday, March 4th. Stifel Nicolaus reissued a “buy” rating and set a $435.00 price objective on shares of MongoDB in a research note on Thursday, March 14th. DA Davidson raised shares of MongoDB from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $405.00 to $430.00 in a research note on Friday, March 8th. Finally, Citigroup boosted 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. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $443.86.

Read Our Latest Stock Report on MDB

MongoDB Stock Down 2.7 %

NASDAQ:MDB opened at $363.17 on Friday. MongoDB has a fifty-two week low of $215.56 and a fifty-two week high of $509.62. The stock has a market capitalization of $26.45 billion, a P/E ratio of -146.44 and a beta of 1.19. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.40 and a current ratio of 4.40. The company’s 50-day simple moving average is $373.33 and its 200-day simple moving average is $390.92.

MongoDB (NASDAQ:MDBGet Free Report) last released its 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). MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. The company had revenue of $458.00 million during the quarter, compared to analyst estimates of $431.99 million. On average, equities analysts anticipate that MongoDB will post -2.53 earnings per share for the current fiscal year.

About MongoDB

(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.

Further Reading

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