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

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

Analyst Ratings Changes

MDB has been the subject of a number of research reports. Piper Sandler increased their target price on MongoDB from $300.00 to $335.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Mizuho raised their price objective on MongoDB from $250.00 to $275.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Needham & Company LLC increased their price target on shares of MongoDB from $290.00 to $335.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Wells Fargo & Company boosted their price objective on shares of MongoDB from $300.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Finally, DA Davidson raised their target price on shares of MongoDB from $330.00 to $340.00 and gave the company a “buy” rating in a research note on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $334.25.

MongoDB Trading Down 3.3 %

Shares of MDB traded down $9.85 during trading hours on Thursday, hitting $291.04. 223,654 shares of the stock were exchanged, compared to its average volume of 1,423,989. MongoDB has a fifty-two week low of $212.74 and a fifty-two week high of $509.62. The company has a debt-to-equity ratio of 0.84, a current ratio of 5.03 and a quick ratio of 5.03. The business has a 50-day moving average of $277.90 and a 200-day moving average of $275.28. The firm has a market capitalization of $21.50 billion, a P/E ratio of -99.63 and a beta of 1.15.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.21. MongoDB had a negative net margin of 12.08% and a negative return on equity of 15.06%. The business had revenue of $478.11 million during the quarter, compared to the consensus estimate of $465.03 million. During the same quarter last year, the firm posted ($0.63) EPS. MongoDB’s revenue was up 12.8% compared to the same quarter last year. On average, research analysts expect that MongoDB will post -2.39 EPS for the current year.

Insider Activity

In other MongoDB news, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $282.89, for a total value of $282,890.00. Following the transaction, the chief accounting officer now directly owns 16,222 shares of the company’s stock, valued at $4,589,041.58. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other MongoDB news, CAO Thomas Bull sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $282.89, for a total value of $282,890.00. Following the completion of the sale, the chief accounting officer now owns 16,222 shares in the company, valued at approximately $4,589,041.58. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dwight A. Merriman sold 3,000 shares of MongoDB stock in a transaction on Monday, November 4th. The stock was sold at an average price of $269.57, for a total transaction of $808,710.00. Following the sale, the director now owns 1,127,006 shares in the company, valued at $303,807,007.42. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,281 shares of company stock valued at $6,657,121. Insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On MongoDB

A number of large investors have recently made changes to their positions in MDB. Envestnet Portfolio Solutions Inc. raised its stake in MongoDB by 13.1% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 2,464 shares of the company’s stock valued at $884,000 after purchasing an additional 285 shares in the last quarter. Empowered Funds LLC lifted its position in MongoDB by 75.4% in the 1st quarter. Empowered Funds LLC now owns 1,121 shares of the company’s stock worth $402,000 after buying an additional 482 shares during the last quarter. SG Americas Securities LLC boosted its stake in MongoDB by 179.7% in the first quarter. SG Americas Securities LLC now owns 7,142 shares of the company’s stock worth $2,561,000 after buying an additional 4,589 shares in the last quarter. ProShare Advisors LLC grew its position in MongoDB by 27.0% during the first quarter. ProShare Advisors LLC now owns 71,122 shares of the company’s stock valued at $25,507,000 after acquiring an additional 15,125 shares during the last quarter. Finally, William Blair Investment Management LLC raised its position in MongoDB by 27.6% in the 1st quarter. William Blair Investment Management LLC now owns 9,332 shares of the company’s stock worth $3,347,000 after purchasing an additional 2,021 shares during the period. 89.29% of the stock is owned by institutional investors.

MongoDB Company Profile

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.