Investors Buy High Volume of Call Options on MongoDB (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDBGet Free Report) saw some unusual options trading on Wednesday. Stock traders purchased 36,130 call options on the company. This represents an increase of 2,077% compared to the typical daily volume of 1,660 call options.

Insider Activity at MongoDB

In other MongoDB news, CEO Dev Ittycheria sold 8,335 shares of the company’s stock in a transaction dated Friday, January 17th. The stock was sold at an average price of $254.86, for a total value of $2,124,258.10. Following the transaction, the chief executive officer now directly owns 217,294 shares in the company, valued at $55,379,548.84. This represents a 3.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Thomas Bull sold 1,000 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $355.92, for a total value of $355,920.00. Following the transaction, the chief accounting officer now owns 15,068 shares in the company, valued at $5,363,002.56. This trade represents a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,156 shares of company stock worth $8,955,473. 3.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MDB. Perigon Wealth Management LLC lifted its position in MongoDB by 2.7% in the fourth quarter. Perigon Wealth Management LLC now owns 2,528 shares of the company’s stock worth $627,000 after buying an additional 66 shares during the last quarter. Slow Capital Inc. lifted its position in MongoDB by 4.2% in the fourth quarter. Slow Capital Inc. now owns 18,134 shares of the company’s stock worth $4,222,000 after buying an additional 735 shares during the last quarter. Pacer Advisors Inc. lifted its position in MongoDB by 12.6% in the fourth quarter. Pacer Advisors Inc. now owns 5,504 shares of the company’s stock worth $1,281,000 after buying an additional 615 shares during the last quarter. KBC Group NV lifted its position in MongoDB by 5.2% in the fourth quarter. KBC Group NV now owns 18,079 shares of the company’s stock worth $4,209,000 after buying an additional 890 shares during the last quarter. Finally, Union Bancaire Privee UBP SA bought a new stake in MongoDB in the fourth quarter worth $3,515,000. 89.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on MDB shares. Cantor Fitzgerald started coverage on MongoDB in a report on Friday, January 17th. They set an “overweight” rating and a $344.00 target price for the company. Macquarie assumed coverage on MongoDB in a research report on Thursday, December 12th. They issued a “neutral” rating and a $300.00 target price for the company. Guggenheim raised MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 target price for the company in a research report on Monday, January 6th. Piper Sandler reaffirmed an “overweight” rating and set a $425.00 price objective on shares of MongoDB in a research report on Tuesday, December 10th. Finally, Citigroup lifted their target price on MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and an average price target of $361.00.

View Our Latest Stock Report on MongoDB

MongoDB Price Performance

Shares of MDB opened at $260.70 on Thursday. MongoDB has a 1 year low of $212.74 and a 1 year high of $509.62. The company has a 50 day simple moving average of $276.80 and a two-hundred day simple moving average of $269.05. The firm has a market cap of $19.41 billion, a P/E ratio of -95.15 and a beta of 1.25.

MongoDB (NASDAQ:MDBGet Free Report) last announced its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business had revenue of $529.40 million during the quarter, compared to analyst estimates of $497.39 million. During the same period last year, the firm posted $0.96 EPS. The company’s revenue was up 22.3% on a year-over-year basis. On average, sell-side analysts anticipate that MongoDB will post -1.79 earnings per share for the current year.

MongoDB Company Profile

(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.

Recommended Stories

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.