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

MongoDB, Inc. (NASDAQ:MDBGet Free Report) was the target of unusually large options trading activity on Wednesday. Stock investors bought 23,831 put options on the company. This represents an increase of 2,157% compared to the average daily volume of 1,056 put options.

Insider Transactions at MongoDB

In related news, CRO Cedric Pech sold 273 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total transaction of $72,424.17. Following the transaction, the executive now owns 35,719 shares of the company’s stock, valued at $9,475,893.51. 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 4,000 shares of MongoDB stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $265.29, for a total value of $1,061,160.00. Following the completion of the sale, the director now owns 1,142,006 shares in the company, valued at approximately $302,962,771.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Cedric Pech sold 273 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $265.29, for a total transaction of $72,424.17. Following the transaction, the executive now directly owns 35,719 shares of the company’s stock, valued at approximately $9,475,893.51. The disclosure for this sale can be found here. Insiders sold a total of 30,179 shares of company stock worth $8,274,689 over the last ninety days. 3.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MongoDB

Institutional investors have recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its holdings in MongoDB by 5.6% in the fourth quarter. Quadrant Capital Group LLC now owns 412 shares of the company’s stock worth $168,000 after purchasing an additional 22 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of MongoDB by 12.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 226 shares of the company’s stock valued at $92,000 after buying an additional 25 shares during the last quarter. Yousif Capital Management LLC raised its stake in MongoDB by 3.9% during the fourth quarter. Yousif Capital Management LLC now owns 792 shares of the company’s stock worth $324,000 after acquiring an additional 30 shares during the period. Valley National Advisers Inc. lifted its holdings in MongoDB by 5.9% in the fourth quarter. Valley National Advisers Inc. now owns 597 shares of the company’s stock worth $244,000 after acquiring an additional 33 shares during the last quarter. Finally, First Trust Direct Indexing L.P. boosted its stake in MongoDB by 2.2% in the fourth quarter. First Trust Direct Indexing L.P. now owns 1,561 shares of the company’s stock valued at $638,000 after acquiring an additional 33 shares during the period. 89.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on MDB. Stifel Nicolaus lowered their price target on MongoDB from $435.00 to $300.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Truist Financial decreased their target price on MongoDB from $475.00 to $300.00 and set a “buy” rating for the company in a report on Friday, May 31st. Oppenheimer dropped their target price on shares of MongoDB from $480.00 to $300.00 and set an “outperform” rating for the company in a research report on Friday, May 31st. Wells Fargo & Company reduced their price target on shares of MongoDB from $450.00 to $300.00 and set an “overweight” rating on the stock in a research report on Friday, May 31st. Finally, Piper Sandler dropped their price objective on shares of MongoDB from $480.00 to $350.00 and set an “overweight” rating for the company in a research report on Friday, May 31st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $361.30.

Read Our Latest Stock Report on MongoDB

MongoDB Trading Down 1.7 %

MDB opened at $246.18 on Thursday. MongoDB has a 12-month low of $214.74 and a 12-month high of $509.62. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.93 and a quick ratio of 4.93. The stock has a market capitalization of $18.06 billion, a PE ratio of -87.61 and a beta of 1.13. The firm’s fifty day moving average price is $287.41 and its 200 day moving average price is $357.76.

MongoDB (NASDAQ:MDBGet Free Report) last released its earnings results on Thursday, May 30th. The company reported ($0.80) earnings per share for the quarter, hitting the consensus estimate of ($0.80). MongoDB had a negative net margin of 11.50% and a negative return on equity of 14.88%. The company had revenue of $450.56 million during the quarter, compared to the consensus estimate of $438.44 million. As a group, research analysts expect that MongoDB will post -2.67 EPS for the current fiscal year.

About MongoDB

(Get Free Report)

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.

Read More

Receive News & Ratings for MongoDB Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MongoDB and related companies with MarketBeat.com's FREE daily email newsletter.