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

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

MongoDB Trading Up 0.2 %

Shares of MDB stock opened at $243.50 on Friday. The business’s 50-day moving average price is $288.58 and its 200-day moving average price is $267.84. MongoDB has a 12 month low of $212.74 and a 12 month high of $509.62. The firm has a market capitalization of $18.13 billion, a price-to-earnings ratio of -88.87 and a beta of 1.17.

MongoDB (NASDAQ:MDB) last posted its earnings results on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. During the same period last year, the company earned $0.96 EPS. The firm’s revenue was up 22.3% compared to the same quarter last year. On average, sell-side analysts predict that MongoDB will post -1.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MDB has been the subject of a number of recent research reports. KeyCorp boosted their price objective on shares of MongoDB from $330.00 to $375.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Robert W. Baird increased their price target on MongoDB from $380.00 to $390.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Mizuho lifted their price objective on MongoDB from $275.00 to $320.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Oppenheimer increased their target price on MongoDB from $350.00 to $400.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Finally, DA Davidson boosted their price target on MongoDB from $340.00 to $405.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $366.14.

Insiders Place Their Bets

In other MongoDB news, CAO Thomas Bull sold 1,000 shares of the stock in a transaction 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 transaction, the chief accounting officer now owns 15,068 shares in the company, valued at $5,363,002.56. This trade represents a 6.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 3,000 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $256.25, for a total transaction of $768,750.00. Following the completion of the sale, the director now directly owns 1,131,006 shares of the company’s stock, valued at approximately $289,820,287.50. The trade was a 0.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,775 shares of company stock valued at $9,264,812 over the last ninety days. 3.60% of the stock is currently owned by company insiders.

Institutional Trading of MongoDB

Several institutional investors have recently modified their holdings of MDB. Quarry LP lifted its holdings 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 buying an additional 129 shares during the period. Hantz Financial Services Inc. bought a new position in shares of MongoDB during the second quarter worth about $35,000. Brooklyn Investment Group acquired a new position in shares of MongoDB in the third quarter worth approximately $36,000. GAMMA Investing LLC boosted its holdings in MongoDB by 178.8% in the third quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock valued at $39,000 after acquiring an additional 93 shares during the last quarter. Finally, Continuum Advisory LLC increased its position in MongoDB by 621.1% during the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after purchasing an additional 118 shares during the period. Institutional investors own 89.29% of the company’s stock.

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.