MongoDB Sees Unusually Large Options Volume (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDB) was the recipient of unusually large options trading activity on Wednesday. Traders bought 23,831 put options on the stock. This represents an increase of approximately 2,157% compared to the typical volume of 1,056 put options.

Insider Buying and Selling

In related news, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $404.20, for a total transaction of $404,200.00. Following the sale, the director now directly owns 527,896 shares of the company’s stock, valued at $213,375,563.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $404.20, for a total transaction of $404,200.00. Following the completion of the transaction, the director now owns 527,896 shares of the company’s stock, valued at $213,375,563.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dwight A. Merriman sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $437.99, for a total transaction of $2,627,940.00. Following the completion of the transaction, the director now directly owns 1,168,784 shares of the company’s stock, valued at approximately $511,915,704.16. The disclosure for this sale can be found here. Insiders sold a total of 92,802 shares of company stock worth $36,356,911 in the last 90 days. 4.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On MongoDB

Large investors have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC raised its position in MongoDB by 5.6% during the fourth quarter. Quadrant Capital Group LLC now owns 412 shares of the company’s stock worth $168,000 after acquiring an additional 22 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of MongoDB by 12.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 226 shares of the company’s stock worth $92,000 after acquiring an additional 25 shares during the period. Insigneo Advisory Services LLC grew its position in MongoDB by 2.9% in the 3rd quarter. Insigneo Advisory Services LLC now owns 1,070 shares of the company’s stock valued at $370,000 after buying an additional 30 shares in the last quarter. Yousif Capital Management LLC grew its position in MongoDB by 3.9% in the 4th quarter. Yousif Capital Management LLC now owns 792 shares of the company’s stock valued at $324,000 after buying an additional 30 shares in the last quarter. Finally, Valley National Advisers Inc. boosted its position in shares of MongoDB by 5.9% during the 4th quarter. Valley National Advisers Inc. now owns 597 shares of the company’s stock valued at $244,000 after purchasing an additional 33 shares in the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Stock Performance

Shares of NASDAQ:MDB opened at $342.75 on Thursday. The firm has a market cap of $24.96 billion, a PE ratio of -138.21 and a beta of 1.19. The firm’s 50 day simple moving average is $399.36 and its 200-day simple moving average is $390.78. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.40 and a current ratio of 4.40. MongoDB has a one year low of $212.52 and a one year high of $509.62.

MongoDB (NASDAQ:MDB) last issued its earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by ($0.32). The business had revenue of $458.00 million for the quarter, compared to analysts’ expectations of $431.99 million. MongoDB had a negative return on equity of 16.22% and a negative net margin of 10.49%. As a group, equities analysts predict that MongoDB will post -2.53 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Citigroup upped their target price on shares of MongoDB from $515.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Truist Financial lifted their price objective on shares of MongoDB from $440.00 to $500.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. Tigress Financial lifted their price target on MongoDB from $495.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $465.00 target price on shares of MongoDB in a research note on Tuesday, April 9th. Finally, KeyCorp lifted their price target on MongoDB from $500.00 to $543.00 and gave the company an “overweight” rating in a report on Wednesday, February 14th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and an average price target of $448.74.

About MongoDB

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.