MongoDB Sees Unusually High Options Volume (NASDAQ:MDB)

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

MongoDB Price Performance

NASDAQ:MDB opened at $264.13 on Thursday. The firm has a 50-day moving average of $263.70 and a 200-day moving average of $275.28. The company has a market cap of $19.67 billion, a PE ratio of -96.40 and a beta of 1.30. MongoDB has a one year low of $212.74 and a one year high of $424.00.

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

Insider Transactions at MongoDB

In other news, Director Dwight A. Merriman sold 3,000 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $270.63, for a total transaction of $811,890.00. Following the completion of the transaction, the director now directly owns 1,109,006 shares in the company, valued at $300,130,293.78. This represents a 0.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Cedric Pech sold 287 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $234.09, for a total transaction of $67,183.83. Following the completion of the sale, the insider now owns 24,390 shares of the company’s stock, valued at $5,709,455.10. This trade represents a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,314 shares of company stock worth $13,337,753 in the last three months. Insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL purchased a new position in MongoDB during the fourth quarter worth about $29,000. Hilltop National Bank boosted its stake in MongoDB by 47.2% in the fourth quarter. Hilltop National Bank now owns 131 shares of the company’s stock valued at $30,000 after acquiring an additional 42 shares during the last quarter. Brooklyn Investment Group purchased a new position in MongoDB in the third quarter valued at about $36,000. Continuum Advisory LLC boosted its stake in MongoDB by 621.1% in the third 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. Finally, NCP Inc. purchased a new position in MongoDB in the fourth quarter valued at about $35,000. 89.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Oppenheimer raised their target price on shares of MongoDB from $350.00 to $400.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Monness Crespi & Hardt raised shares of MongoDB from a “sell” rating to a “neutral” rating in a report on Monday. Canaccord Genuity Group increased their price target on shares of MongoDB from $325.00 to $385.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Barclays lowered their target price on shares of MongoDB from $400.00 to $330.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Finally, Mizuho raised their target price on shares of MongoDB from $275.00 to $320.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $361.83.

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.