MongoDB Sees Unusually High Options Volume (NASDAQ:MDB)

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

MongoDB Stock Up 3.8 %

NASDAQ:MDB opened at $264.13 on Thursday. MongoDB has a twelve month low of $212.74 and a twelve month high of $424.00. The business has a 50 day moving average price of $263.70 and a two-hundred day moving average price of $275.28. The company has a market cap of $19.67 billion, a P/E ratio of -96.40 and a beta of 1.30.

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

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Scotiabank restated a “sector perform” rating on shares of MongoDB in a report on Wednesday. Stifel Nicolaus increased their price target on MongoDB from $325.00 to $360.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Monness Crespi & Hardt upgraded MongoDB from a “sell” rating to a “neutral” rating in a research report on Monday. KeyCorp upped their price objective on MongoDB from $330.00 to $375.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Finally, Cantor Fitzgerald began coverage on MongoDB in a report on Wednesday. They set an “overweight” rating and a $344.00 target price on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $361.83.

Insiders Place Their Bets

In other news, CAO Thomas Bull sold 169 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $39,561.21. Following the completion of the sale, the chief accounting officer now owns 14,899 shares in the company, valued at $3,487,706.91. The trade was a 1.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dwight A. Merriman sold 885 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $292.05, for a total value of $258,464.25. Following the completion of the transaction, the director now owns 83,845 shares in the company, valued at approximately $24,486,932.25. This represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,314 shares of company stock valued at $13,337,753 in the last 90 days. 3.60% of the stock is currently owned by insiders.

Institutional Trading of MongoDB

Institutional investors and hedge funds have recently bought and sold shares of the business. B.O.S.S. Retirement Advisors LLC acquired a new position in MongoDB in the 4th quarter valued at about $606,000. Aigen Investment Management LP bought a new stake in shares of MongoDB in the third quarter valued at approximately $1,045,000. Geode Capital Management LLC raised its holdings in MongoDB by 2.9% in 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 stake in shares of MongoDB during the 3rd quarter valued at $4,366,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of MongoDB by 2.8% during the 3rd 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 in the last quarter. Institutional investors own 89.29% of the company’s stock.

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.