MongoDB Sees Unusually Large Options Volume (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDBGet Rating) was the recipient of unusually large options trading on Wednesday. Investors bought 23,831 put options on the company. This represents an increase of 2,157% compared to the typical volume of 1,056 put options.

MDB stock opened at $407.01 on Thursday. The stock’s 50 day simple moving average is $390.76 and its 200 day simple moving average is $449.40. MongoDB has a fifty-two week low of $238.01 and a fifty-two week high of $590.00. The company has a debt-to-equity ratio of 1.70, a quick ratio of 4.02 and a current ratio of 4.02. The company has a market cap of $27.50 billion, a P/E ratio of -85.87 and a beta of 0.84.

MongoDB (NASDAQ:MDBGet Rating) last posted its quarterly earnings results on Tuesday, March 8th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.26) by $1.17. The business had revenue of $266.50 million for the quarter, compared to the consensus estimate of $243.42 million. MongoDB had a negative return on equity of 66.70% and a negative net margin of 35.12%. The firm’s revenue for the quarter was up 55.8% on a year-over-year basis. During the same period in the prior year, the business earned ($1.01) EPS. Equities analysts predict that MongoDB will post -5.48 earnings per share for the current year.

MDB has been the topic of several research reports. Zacks Investment Research lowered MongoDB from a “hold” rating to a “sell” rating in a research note on Thursday, February 3rd. Mizuho lowered their price target on MongoDB from $400.00 to $325.00 and set a “neutral” rating for the company in a report on Wednesday, March 9th. Morgan Stanley lowered their price target on MongoDB from $633.00 to $475.00 and set an “overweight” rating for the company in a report on Wednesday, March 16th. UBS Group upgraded MongoDB from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $345.00 to $450.00 in a report on Friday, March 18th. Finally, Credit Suisse Group decreased their price objective on MongoDB from $700.00 to $650.00 and set an “outperform” rating for the company in a report on Wednesday, March 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $496.72.

In other news, CEO Dev Ittycheria sold 33,692 shares of the business’s stock in a transaction that occurred on Thursday, February 10th. The stock was sold at an average price of $449.01, for a total transaction of $15,128,044.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CRO Cedric Pech sold 309 shares of the company’s stock in a transaction on Monday, April 4th. The shares were sold at an average price of $443.77, for a total value of $137,124.93. Following the completion of the sale, the executive now owns 46,135 shares in the company, valued at $20,473,328.95. The disclosure for this sale can be found here. Insiders have sold a total of 145,833 shares of company stock valued at $57,329,693 over the last 90 days. Corporate insiders own 7.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Commerce Bank grew its holdings in MongoDB by 1.7% during the fourth quarter. Commerce Bank now owns 1,413 shares of the company’s stock valued at $747,000 after purchasing an additional 24 shares during the period. Winch Advisory Services LLC lifted its position in shares of MongoDB by 54.2% during the third quarter. Winch Advisory Services LLC now owns 74 shares of the company’s stock worth $35,000 after acquiring an additional 26 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of MongoDB by 0.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,657 shares of the company’s stock worth $3,139,000 after acquiring an additional 31 shares in the last quarter. Profund Advisors LLC lifted its position in shares of MongoDB by 5.2% during the fourth quarter. Profund Advisors LLC now owns 647 shares of the company’s stock worth $342,000 after acquiring an additional 32 shares in the last quarter. Finally, Wedbush Securities Inc. raised its position in shares of MongoDB by 1.8% in the first quarter. Wedbush Securities Inc. now owns 2,253 shares of the company’s stock worth $999,000 after buying an additional 40 shares in the last quarter. 89.57% of the stock is owned by institutional investors and hedge funds.

About MongoDB (Get Rating)

MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

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