Traders Buy High Volume of MongoDB Call Options (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDBGet Rating) was the recipient of some unusual options trading on Wednesday. Traders acquired 36,130 call options on the stock. This is an increase of 2,077% compared to the average volume of 1,660 call options.

Shares of NASDAQ:MDB opened at $407.01 on Thursday. The business has a 50 day moving average price of $390.76 and a 200 day moving average price of $449.40. MongoDB has a twelve month low of $238.01 and a twelve month high of $590.00. The company has a market cap of $27.50 billion, a price-to-earnings ratio of -85.87 and a beta of 0.84. The company has a quick ratio of 4.02, a current ratio of 4.02 and a debt-to-equity ratio of 1.70.

MongoDB (NASDAQ:MDBGet Rating) last announced its earnings results on Tuesday, March 8th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($1.26) by $1.17. The firm had revenue of $266.50 million during 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($1.01) EPS. Analysts anticipate that MongoDB will post -5.48 EPS for the current year.

In related news, CEO Dev Ittycheria sold 35,000 shares of the company’s stock in a transaction on Wednesday, April 6th. The stock was sold at an average price of $412.38, for a total transaction of $14,433,300.00. Following the transaction, the chief executive officer now directly owns 204,744 shares of the company’s stock, valued at $84,432,330.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Cedric Pech sold 309 shares of the company’s stock in a transaction dated Monday, April 4th. The stock was sold at an average price of $443.77, for a total value of $137,124.93. Following the completion of the transaction, the executive now directly 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 145,833 shares of company stock worth $57,329,693 over the last three months. 7.40% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. Bank of New Hampshire acquired a new position in MongoDB in the 1st quarter valued at approximately $25,000. Xponance Inc. lifted its position in shares of MongoDB by 1.3% during the 1st quarter. Xponance Inc. now owns 7,289 shares of the company’s stock worth $3,233,000 after buying an additional 90 shares during the period. Wedbush Securities Inc. lifted its position in shares of MongoDB by 1.8% during the 1st quarter. Wedbush Securities Inc. now owns 2,253 shares of the company’s stock worth $999,000 after buying an additional 40 shares during the period. Ellevest Inc. lifted its position in shares of MongoDB by 167.5% during the 1st quarter. Ellevest Inc. now owns 757 shares of the company’s stock worth $336,000 after buying an additional 474 shares during the period. Finally, Junson Asset Management Hong Kong Ltd bought a new position in shares of MongoDB during the 1st quarter worth approximately $13,663,000. 89.57% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have weighed in on MDB shares. Canaccord Genuity Group dropped their target price on MongoDB from $560.00 to $400.00 in a research report on Wednesday, March 9th. Morgan Stanley dropped their target price on MongoDB from $633.00 to $475.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 16th. Barclays decreased their price target on MongoDB from $556.00 to $410.00 and set an “overweight” rating for the company in a research note on Wednesday, March 9th. Needham & Company LLC decreased their price target on MongoDB from $626.00 to $362.00 and set a “buy” rating for the company in a research note on Wednesday, March 9th. Finally, Mizuho decreased their price target on MongoDB from $400.00 to $325.00 and set a “neutral” rating for the company in a research note on Wednesday, March 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $496.72.

MongoDB Company Profile (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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