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

MongoDB, Inc. (NASDAQ:MDB) saw unusually large options trading activity on Wednesday. Stock investors bought 36,130 call options on the company. This represents an increase of approximately 2,077% compared to the average volume of 1,660 call options.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Truist Financial reiterated a “buy” rating and issued a $400.00 target price (up from $320.00) on shares of MongoDB in a research note on Tuesday, December 10th. Cantor Fitzgerald assumed coverage on MongoDB in a research note on Friday, January 17th. They issued an “overweight” rating and a $344.00 target price on the stock. Macquarie started coverage on MongoDB in a report on Thursday, December 12th. They issued a “neutral” rating and a $300.00 price objective for the company. Monness Crespi & Hardt downgraded MongoDB from a “neutral” rating to a “sell” rating and set a $220.00 price objective on the stock. in a report on Monday, December 16th. Finally, Barclays dropped their target price on MongoDB from $400.00 to $330.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, MongoDB currently has a consensus rating of “Moderate Buy” and a consensus price target of $361.00.

MongoDB Price Performance

MDB opened at $282.03 on Thursday. The firm has a market capitalization of $21.00 billion, a PE ratio of -102.93 and a beta of 1.28. The business’s 50-day moving average is $268.90 and its two-hundred day moving average is $270.32. MongoDB has a 1 year low of $212.74 and a 1 year high of $509.62.

MongoDB (NASDAQ:MDB) last issued its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. During the same quarter in the previous year, the firm earned $0.96 EPS. The company’s quarterly revenue was up 22.3% compared to the same quarter last year. As a group, sell-side analysts expect that MongoDB will post -1.78 EPS for the current year.

Insider Transactions at MongoDB

In other news, Director Dwight A. Merriman sold 1,319 shares of MongoDB stock in a transaction on Friday, November 15th. The shares were sold at an average price of $285.92, for a total value of $377,128.48. Following the completion of the sale, the director now owns 87,744 shares in the company, valued at $25,087,764.48. The trade was a 1.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Dev Ittycheria sold 8,335 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $279.99, for a total value of $2,333,716.65. Following the completion of the sale, the chief executive officer now directly owns 217,294 shares of the company’s stock, valued at $60,840,147.06. The trade was a 3.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,491 shares of company stock worth $11,543,480. Company insiders own 3.60% of the company’s stock.

Institutional Trading of MongoDB

Several hedge funds and other institutional investors have recently made changes to their positions in MDB. Nisa Investment Advisors LLC grew its holdings in shares of MongoDB by 3.8% during the third quarter. Nisa Investment Advisors LLC now owns 1,090 shares of the company’s stock valued at $295,000 after buying an additional 40 shares during the last quarter. Hilltop National Bank lifted its holdings in shares of MongoDB by 47.2% during the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after purchasing an additional 42 shares during the period. Avestar Capital LLC increased its holdings in MongoDB by 2.0% in the 4th quarter. Avestar Capital LLC now owns 2,165 shares of the company’s stock worth $504,000 after buying an additional 42 shares during the period. Tanager Wealth Management LLP lifted its stake in MongoDB by 4.7% during the 3rd quarter. Tanager Wealth Management LLP now owns 957 shares of the company’s stock valued at $259,000 after acquiring an additional 43 shares during the period. Finally, Rakuten Securities Inc. boosted its holdings in shares of MongoDB by 16.5% in the 3rd quarter. Rakuten Securities Inc. now owns 332 shares of the company’s stock valued at $90,000 after acquiring an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.

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.