Investors Buy Large Volume of MongoDB Put Options (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDBGet Rating) saw some unusual options trading activity on Wednesday. Stock traders acquired 23,831 put options on the company. This represents an increase of 2,157% compared to the typical volume of 1,056 put options.

In other news, insider Thomas Bull sold 2,500 shares of MongoDB stock in a transaction on Thursday, March 31st. The stock was sold at an average price of $444.14, for a total value of $1,110,350.00. Following the transaction, the insider now owns 17,904 shares in the company, valued at approximately $7,951,882.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Dev Ittycheria sold 35,000 shares of the stock in a transaction dated Friday, March 4th. The stock was sold at an average price of $309.78, for a total transaction of $10,842,300.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 124,475 shares of company stock valued at $43,717,816. 7.40% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in MDB. Vanguard Group Inc. lifted its position in shares of MongoDB by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 5,970,224 shares of the company’s stock valued at $2,648,332,000 after buying an additional 121,201 shares during the last quarter. State Street Corp grew its stake in MongoDB by 0.6% during the first quarter. State Street Corp now owns 1,343,657 shares of the company’s stock valued at $596,033,000 after acquiring an additional 7,389 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of MongoDB by 2.3% in the third quarter. Capital Research Global Investors now owns 1,324,812 shares of the company’s stock worth $624,662,000 after purchasing an additional 29,595 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of MongoDB in the 4th quarter valued at about $674,390,000. Finally, 1832 Asset Management L.P. lifted its position in MongoDB by 19.3% during the first quarter. 1832 Asset Management L.P. now owns 1,028,400 shares of the company’s stock valued at $450,095,000 after purchasing an additional 166,400 shares during the last quarter. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Shares of MDB stock opened at $229.97 on Thursday. 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 has a 52-week low of $219.73 and a 52-week high of $590.00. The company has a 50-day simple moving average of $367.39 and a two-hundred day simple moving average of $425.10.

MongoDB (NASDAQ:MDBGet Rating) last released its earnings results on Tuesday, March 8th. The company reported ($1.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.25) by $0.05. The company had revenue of $266.50 million during the quarter, compared to analyst estimates of $243.42 million. MongoDB had a negative return on equity of 66.70% and a negative net margin of 35.12%. MongoDB’s quarterly revenue was up 55.8% on a year-over-year basis. During the same period in the prior year, the company posted ($1.01) earnings per share. Equities research analysts predict that MongoDB will post -5.48 earnings per share for the current year.

Several research analysts have recently issued reports on MDB shares. Tigress Financial initiated coverage on MongoDB in a research note on Friday, February 11th. They issued a “buy” rating and a $630.00 price objective for the company. Morgan Stanley dropped their price target on shares of MongoDB from $633.00 to $475.00 and set an “overweight” rating for the company in a research note 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. Oppenheimer decreased their target price on shares of MongoDB from $510.00 to $410.00 in a research report on Wednesday, March 9th. Finally, Zacks Investment Research cut shares of MongoDB from a “hold” rating to a “sell” rating in a research report on Thursday, February 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $493.67.

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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