MongoDB Sees Unusually Large Options Volume (NASDAQ:MDB)

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on MDB shares. Monness Crespi & Hardt lowered shares of MongoDB from a “neutral” rating to a “sell” rating and set a $220.00 price target for the company. in a research report on Monday, December 16th. Wedbush raised shares of MongoDB to a “strong-buy” rating in a report on Thursday, October 17th. Needham & Company LLC increased their price target on MongoDB from $335.00 to $415.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. JMP Securities reissued a “market outperform” rating and issued a $380.00 price objective on shares of MongoDB in a report on Wednesday, December 11th. Finally, Morgan Stanley raised their target price on MongoDB from $340.00 to $350.00 and gave the stock an “overweight” rating in a report on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $361.00.

Insider Activity

In other news, CAO Thomas Bull sold 1,000 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $355.92, for a total transaction of $355,920.00. Following the completion of the sale, the chief accounting officer now owns 15,068 shares in the company, valued at approximately $5,363,002.56. This represents a 6.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Dwight A. Merriman sold 1,319 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $25,087,764.48. This trade represents a 1.48 % 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 Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Hilltop National Bank boosted its stake in shares of MongoDB by 47.2% during the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after purchasing an additional 42 shares during the last quarter. NCP Inc. purchased a new position in shares of MongoDB during the fourth quarter valued at approximately $35,000. Brooklyn Investment Group acquired a new stake in MongoDB during the third quarter worth approximately $36,000. GAMMA Investing LLC grew its stake in MongoDB by 178.8% in the 3rd quarter. GAMMA Investing LLC now owns 145 shares of the company’s stock worth $39,000 after acquiring an additional 93 shares during the period. Finally, Continuum Advisory LLC raised its holdings in MongoDB by 621.1% in the 3rd quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after acquiring an additional 118 shares during the last quarter. 89.29% of the stock is owned by hedge funds and other institutional investors.

MongoDB Price Performance

NASDAQ MDB opened at $282.03 on Thursday. The business has a 50 day moving average price of $268.90 and a 200 day moving average price of $270.32. The company has a market capitalization of $21.00 billion, a P/E ratio of -102.93 and a beta of 1.28. MongoDB has a 1-year low of $212.74 and a 1-year high of $509.62.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.48. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The business had revenue of $529.40 million during the quarter, compared to analysts’ expectations of $497.39 million. During the same quarter last year, the business posted $0.96 earnings per share. The business’s revenue for the quarter was up 22.3% on a year-over-year basis. On average, research analysts expect that MongoDB will post -1.78 earnings per share 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.