MongoDB Sees Unusually Large Options Volume (NASDAQ:MDB)

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

MongoDB Stock Performance

MDB stock opened at $335.55 on Friday. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $24.44 billion, a price-to-earnings ratio of -135.30 and a beta of 1.19. MongoDB has a 12 month low of $212.52 and a 12 month high of $509.62. The firm has a 50 day moving average of $397.07 and a two-hundred day moving average of $390.45.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by ($0.32). The firm had revenue of $458.00 million for the quarter, compared to the consensus estimate of $431.99 million. MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. As a group, equities analysts anticipate that MongoDB will post -2.53 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on MDB. JMP Securities reissued a “market outperform” rating and set a $440.00 target price on shares of MongoDB in a research note on Monday, January 22nd. Tigress Financial boosted their target price on shares of MongoDB from $495.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. UBS Group reaffirmed a “neutral” rating and issued a $410.00 price target (down from $475.00) on shares of MongoDB in a research note on Thursday, January 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $465.00 price target on shares of MongoDB in a research note on Tuesday, April 9th. Finally, KeyCorp reduced their price target on shares of MongoDB from $490.00 to $440.00 and set an “overweight” rating for the company in a research note on Thursday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $444.93.

Insider Buying and Selling

In other news, CAO Thomas Bull sold 170 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total value of $59,180.40. Following the completion of the sale, the chief accounting officer now owns 17,360 shares of the company’s stock, valued at approximately $6,043,363.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $420.00, for a total transaction of $420,000.00. Following the completion of the transaction, the director now directly owns 528,896 shares of the company’s stock, valued at approximately $222,136,320. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Thomas Bull sold 170 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $348.12, for a total transaction of $59,180.40. Following the transaction, the chief accounting officer now directly owns 17,360 shares of the company’s stock, valued at $6,043,363.20. The disclosure for this sale can be found here. Insiders have sold 92,802 shares of company stock valued at $36,356,911 in the last quarter. Company insiders own 4.80% of the company’s stock.

Institutional Trading of MongoDB

A number of hedge funds have recently bought and sold shares of MDB. Jennison Associates LLC boosted its holdings in MongoDB by 87.8% in the 3rd quarter. Jennison Associates LLC now owns 3,733,964 shares of the company’s stock valued at $1,291,429,000 after purchasing an additional 1,745,231 shares during the period. 1832 Asset Management L.P. boosted its holdings in MongoDB by 3,283,771.0% in the 4th quarter. 1832 Asset Management L.P. now owns 1,018,000 shares of the company’s stock valued at $200,383,000 after purchasing an additional 1,017,969 shares during the period. Norges Bank bought a new stake in MongoDB in the 4th quarter valued at $326,237,000. Axiom Investors LLC DE bought a new stake in MongoDB in the 4th quarter valued at $153,990,000. Finally, T. Rowe Price Investment Management Inc. boosted its holdings in MongoDB by 77.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 568,803 shares of the company’s stock valued at $111,964,000 after purchasing an additional 248,133 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.