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

MongoDB, Inc. (NASDAQ:MDB) was the target of unusually large options trading on Wednesday. Investors purchased 36,130 call options on the stock. This represents an increase of approximately 2,077% compared to the typical daily volume of 1,660 call options.

MongoDB Stock Down 1.3 %

MDB opened at $392.58 on Thursday. The company has a market cap of $28.01 billion, a P/E ratio of -113.46 and a beta of 1.16. The business’s 50-day moving average price is $353.66 and its 200-day moving average price is $355.28. The company has a current ratio of 4.48, a quick ratio of 4.48 and a debt-to-equity ratio of 1.29. MongoDB has a 12 month low of $137.70 and a 12 month high of $439.00.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Thursday, August 31st. The company reported ($0.63) EPS for the quarter, topping the consensus estimate of ($0.70) by $0.07. The firm had revenue of $423.79 million for the quarter, compared to the consensus estimate of $389.93 million. MongoDB had a negative return on equity of 29.69% and a negative net margin of 16.21%. On average, equities analysts expect that MongoDB will post -2.17 EPS for the current year.

Insiders Place Their Bets

In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $395.01, for a total value of $395,010.00. Following the transaction, the director now owns 535,896 shares in the company, valued at $211,684,278.96. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Dwight A. Merriman sold 6,000 shares of the stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $389.50, for a total value of $2,337,000.00. Following the completion of the sale, the director now directly owns 1,201,159 shares of the company’s stock, valued at $467,851,430.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $395.01, for a total value of $395,010.00. Following the completion of the sale, the director now directly owns 535,896 shares of the company’s stock, valued at $211,684,278.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 289,484 shares of company stock worth $101,547,167. Corporate insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MDB. Raymond James & Associates boosted its position in MongoDB by 32.0% during the 1st quarter. Raymond James & Associates now owns 4,922 shares of the company’s stock valued at $2,183,000 after acquiring an additional 1,192 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in MongoDB by 19.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,282 shares of the company’s stock valued at $569,000 after acquiring an additional 206 shares in the last quarter. MetLife Investment Management LLC bought a new stake in MongoDB during the 1st quarter valued at approximately $1,823,000. Panagora Asset Management Inc. boosted its position in MongoDB by 9.8% during the 1st quarter. Panagora Asset Management Inc. now owns 1,977 shares of the company’s stock valued at $877,000 after acquiring an additional 176 shares in the last quarter. Finally, Vontobel Holding Ltd. boosted its position in MongoDB by 100.3% during the 1st quarter. Vontobel Holding Ltd. now owns 2,873 shares of the company’s stock valued at $1,236,000 after acquiring an additional 1,439 shares in the last quarter. Hedge funds and other institutional investors own 88.89% of the company’s stock.

Analyst Upgrades and Downgrades

MDB has been the subject of a number of research analyst reports. Capital One Financial raised MongoDB from an “equal weight” rating to an “overweight” rating and set a $427.00 price target for the company in a research report on Wednesday, November 8th. Morgan Stanley increased their price target on MongoDB from $440.00 to $480.00 and gave the company an “overweight” rating in a research report on Friday, September 1st. Oppenheimer raised their target price on MongoDB from $430.00 to $480.00 and gave the stock an “outperform” rating in a research report on Friday, September 1st. Canaccord Genuity Group raised their target price on MongoDB from $410.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, September 5th. Finally, Tigress Financial raised their target price on MongoDB from $490.00 to $495.00 and gave the stock a “buy” rating in a research report on Friday, October 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and an average price target of $416.65.

About MongoDB

MongoDB, Inc provides general purpose database platform worldwide. The company offers 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-premise, 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.