MongoDB Sees Unusually Large Options Volume (NASDAQ:MDB)

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

Insider Transactions at MongoDB

In related news, Director Dwight A. Merriman sold 3,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $323.00, for a total transaction of $969,000.00. Following the completion of the sale, the director now owns 1,121,006 shares of the company’s stock, valued at approximately $362,084,938. This represents a 0.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Thomas Bull sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $355.92, for a total transaction of $355,920.00. Following the completion of the transaction, the chief accounting officer now directly owns 15,068 shares in the company, valued at $5,363,002.56. This trade represents a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,600 shares of company stock valued at $7,611,849 over the last 90 days. Corporate insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On MongoDB

A number of hedge funds and other institutional investors have recently modified their holdings of the company. MFA Wealth Advisors LLC purchased a new position in MongoDB in the second quarter valued at approximately $25,000. J.Safra Asset Management Corp grew its position in shares of MongoDB by 682.4% in the 2nd quarter. J.Safra Asset Management Corp now owns 133 shares of the company’s stock valued at $33,000 after buying an additional 116 shares during the last quarter. Quarry LP raised its stake in MongoDB by 2,580.0% during the 2nd quarter. Quarry LP now owns 134 shares of the company’s stock worth $33,000 after acquiring an additional 129 shares in the last quarter. Hantz Financial Services Inc. purchased a new stake in MongoDB in the second quarter valued at $35,000. Finally, Brooklyn Investment Group acquired a new position in MongoDB in the third quarter valued at $36,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on MDB. Stifel Nicolaus boosted their price objective on MongoDB from $325.00 to $360.00 and gave the stock a “buy” rating in a research note on Monday. Sanford C. Bernstein upped their price objective on shares of MongoDB from $358.00 to $360.00 and gave the company an “outperform” rating in a report on Friday, August 30th. DA Davidson lifted their target price on shares of MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a research note on Tuesday. Royal Bank of Canada increased their price target on shares of MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Bank of America lifted their price target on shares of MongoDB from $300.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $372.88.

MongoDB Stock Up 2.2 %

Shares of NASDAQ MDB opened at $297.20 on Thursday. The stock has a market cap of $21.95 billion, a P/E ratio of -98.41 and a beta of 1.17. The business’s fifty day simple moving average is $292.42 and its 200-day simple moving average is $268.98. MongoDB has a 12-month low of $212.74 and a 12-month high of $509.62. The company has a current ratio of 5.03, a quick ratio of 5.03 and a debt-to-equity ratio of 0.84.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.48. The business had revenue of $529.40 million during the quarter, compared to analysts’ expectations of $497.39 million. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The business’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 EPS. As a group, equities analysts predict that MongoDB will post -2.37 EPS for the current fiscal 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.