MongoDB Sees Unusually Large Options Volume (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDB) saw some unusual options trading activity on Wednesday. Stock investors bought 36,130 call options on the stock. This represents an increase of 2,077% compared to the typical daily volume of 1,660 call options.

Insider Activity at MongoDB

In other news, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $420.00, for a total value of $420,000.00. Following the sale, the director now owns 528,896 shares in the company, valued at $222,136,320. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $420.00, for a total value of $420,000.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $341.12, for a total transaction of $1,364,480.00. Following the transaction, the director now owns 1,156,784 shares of the company’s stock, valued at approximately $394,602,158.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 92,802 shares of company stock worth $36,356,911. Insiders own 4.80% of the company’s stock.

Institutional Trading of MongoDB

Several large investors have recently added to or reduced their stakes in MDB. Raymond James & Associates raised its position in shares of MongoDB by 14.2% during the fourth quarter. Raymond James & Associates now owns 60,557 shares of the company’s stock valued at $24,759,000 after buying an additional 7,510 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of MongoDB by 298.2% during the fourth quarter. Nordea Investment Management AB now owns 18,657 shares of the company’s stock worth $7,735,000 after acquiring an additional 13,972 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its position in shares of MongoDB by 9.7% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,903 shares of the company’s stock valued at $658,000 after acquiring an additional 168 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of MongoDB by 1,196.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 29,215 shares of the company’s stock worth $11,945,000 after buying an additional 26,961 shares during the period. Finally, Blueshift Asset Management LLC acquired a new position in shares of MongoDB in the 3rd quarter valued at approximately $902,000. 89.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MDB. Tigress Financial lifted their price target on shares of MongoDB from $495.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Guggenheim increased their target price on shares of MongoDB from $250.00 to $272.00 and gave the stock a “sell” rating in a research report on Monday, March 4th. DA Davidson upgraded shares of MongoDB from a “neutral” rating to a “buy” rating and raised their target price for the company from $405.00 to $430.00 in a research note on Friday, March 8th. JMP Securities reissued a “market outperform” rating and set a $440.00 price target on shares of MongoDB in a report on Monday, January 22nd. Finally, Needham & Company LLC restated a “buy” rating and set a $465.00 price objective on shares of MongoDB in a report on Tuesday, April 9th. Two investment 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $448.74.

MongoDB Stock Performance

MongoDB stock opened at $342.75 on Thursday. MongoDB has a fifty-two week low of $212.52 and a fifty-two week high of $509.62. The company has a market capitalization of $24.96 billion, a price-to-earnings ratio of -138.21 and a beta of 1.19. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.40 and a current ratio of 4.40. The stock has a fifty day moving average of $399.36 and a two-hundred day moving average of $390.78.

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

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.