MongoDB Sees Unusually High Options Volume (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDB) saw unusually large options trading activity on Wednesday. Investors purchased 23,831 put options on the company. This represents an increase of 2,157% compared to the average volume of 1,056 put options.

MongoDB Stock Down 1.4 %

Shares of MDB opened at $172.17 on Thursday. The company has a 50 day moving average of $188.41 and a 200-day moving average of $246.79. The stock has a market capitalization of $13.98 billion, a P/E ratio of -62.84 and a beta of 1.49. MongoDB has a twelve month low of $140.78 and a twelve month high of $387.19.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.45). MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business had revenue of $548.40 million during the quarter, compared to analyst estimates of $519.65 million. During the same quarter in the previous year, the firm posted $0.86 earnings per share. On average, sell-side analysts anticipate that MongoDB will post -1.78 earnings per share for the current fiscal year.

Insider Transactions at MongoDB

In other news, CAO Thomas Bull sold 301 shares of the company’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $173.25, for a total transaction of $52,148.25. Following the transaction, the chief accounting officer now owns 14,598 shares of the company’s stock, valued at $2,529,103.50. This represents a 2.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Srdjan Tanjga sold 525 shares of MongoDB stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $173.26, for a total value of $90,961.50. Following the completion of the sale, the chief financial officer now owns 6,406 shares of the company’s stock, valued at approximately $1,109,903.56. The trade was a 7.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,345 shares of company stock worth $8,485,310. Corporate insiders own 3.60% of the company’s stock.

Institutional Trading of MongoDB

Institutional investors and hedge funds have recently bought and sold shares of the stock. B.O.S.S. Retirement Advisors LLC bought a new stake in shares of MongoDB during the 4th quarter worth approximately $606,000. Union Bancaire Privee UBP SA bought a new stake in MongoDB during the fourth quarter worth $3,515,000. HighTower Advisors LLC lifted its stake in MongoDB by 2.0% in the fourth quarter. HighTower Advisors LLC now owns 18,773 shares of the company’s stock valued at $4,371,000 after acquiring an additional 372 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of MongoDB by 428.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,755 shares of the company’s stock valued at $1,340,000 after acquiring an additional 4,665 shares during the period. Finally, Covea Finance bought a new stake in shares of MongoDB in the 4th quarter valued at about $3,841,000. Institutional investors own 89.29% of the company’s stock.

Analyst Ratings Changes

MDB has been the topic of a number of recent research reports. Bank of America reduced their price objective on shares of MongoDB from $420.00 to $286.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Robert W. Baird reduced their price target on MongoDB from $390.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Morgan Stanley dropped their price objective on MongoDB from $315.00 to $235.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Rosenblatt Securities restated a “buy” rating and set a $350.00 target price on shares of MongoDB in a report on Tuesday, March 4th. Finally, Mizuho lowered their price target on MongoDB from $250.00 to $190.00 and set a “neutral” rating for the company in a research note on Tuesday, April 15th. Eight equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and a consensus target price of $294.78.

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.