MongoDB Sees Unusually High Options Volume (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDB) saw some unusual options trading on Wednesday. Stock investors bought 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.

MongoDB Stock Up 0.7 %

Shares of MongoDB stock opened at $190.06 on Thursday. MongoDB has a 12-month low of $173.13 and a 12-month high of $387.19. The company has a market capitalization of $14.15 billion, a price-to-earnings ratio of -69.36 and a beta of 1.30. The firm’s 50-day moving average price is $253.21 and its two-hundred day moving average price is $270.89.

MongoDB (NASDAQ:MDB) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.45). MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The firm had revenue of $548.40 million during the quarter, compared to the consensus estimate of $519.65 million. During the same period last year, the business earned $0.86 earnings per share. On average, sell-side analysts expect that MongoDB will post -1.78 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MDB shares. Mizuho raised their price objective on MongoDB from $275.00 to $320.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Macquarie decreased their price target on MongoDB from $300.00 to $215.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Monness Crespi & Hardt upgraded MongoDB from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. KeyCorp cut shares of MongoDB from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 5th. Finally, Cantor Fitzgerald started coverage on shares of MongoDB in a research report on Wednesday, March 5th. They set an “overweight” rating and a $344.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $320.70.

Insider Activity

In other news, Director Dwight A. Merriman sold 3,000 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $300,130,293.78. This trade represents a 0.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Cedric Pech sold 287 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $67,183.83. Following the transaction, the insider now owns 24,390 shares of the company’s stock, valued at $5,709,455.10. The trade was a 1.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 43,139 shares of company stock worth $11,328,869 over the last three months. Corporate insiders own 3.60% of the company’s stock.

Institutional Trading of MongoDB

Large investors have recently bought and sold shares of the business. Strategic Investment Solutions Inc. IL acquired a new stake in shares of MongoDB in the 4th quarter valued at approximately $29,000. Hilltop National Bank increased 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 buying an additional 42 shares in the last quarter. NCP Inc. bought a new position in shares of MongoDB in the 4th quarter valued at $35,000. Brooklyn Investment Group acquired a new stake in shares of MongoDB during the 3rd quarter valued at $36,000. Finally, Continuum Advisory LLC boosted its holdings in shares of MongoDB by 621.1% during 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 in the last quarter. 89.29% of the stock is owned by institutional investors and hedge funds.

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.