MongoDB Sees Unusually Large Options Volume (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDBGet Rating) saw unusually large options trading on Wednesday. Stock investors bought 23,831 put options on the stock. This represents an increase of approximately 2,157% compared to the average daily volume of 1,056 put options.

Insider Buying and Selling

In related news, Director Archana Agrawal sold 663 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $345.55, for a total value of $229,099.65. Following the sale, the director now owns 2,080 shares of the company’s stock, valued at approximately $718,744. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CRO Cedric Pech sold 350 shares of the firm’s stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $264.46, for a total value of $92,561.00. Following the sale, the executive now owns 45,785 shares of the company’s stock, valued at approximately $12,108,301.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Archana Agrawal sold 663 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $345.55, for a total value of $229,099.65. Following the completion of the sale, the director now directly owns 2,080 shares in the company, valued at approximately $718,744. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,789 shares of company stock valued at $18,925,825. Insiders own 5.70% of the company’s stock.

Institutional Trading of MongoDB

Institutional investors have recently bought and sold shares of the company. Independent Advisor Alliance boosted its position in MongoDB by 21.2% during the first quarter. Independent Advisor Alliance now owns 531 shares of the company’s stock valued at $236,000 after purchasing an additional 93 shares during the last quarter. Veriti Management LLC acquired a new stake in MongoDB during the first quarter valued at $248,000. IFM Investors Pty Ltd boosted its position in MongoDB by 41.3% during the first quarter. IFM Investors Pty Ltd now owns 9,937 shares of the company’s stock valued at $4,408,000 after purchasing an additional 2,905 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in MongoDB during the first quarter valued at $232,000. Finally, Level Four Advisory Services LLC acquired a new stake in MongoDB during the first quarter valued at $480,000. Institutional investors and hedge funds own 89.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MDB. Redburn Partners began coverage on MongoDB in a research note on Wednesday, June 29th. They set a “sell” rating and a $190.00 target price on the stock. Oppenheimer lowered their price target on MongoDB from $490.00 to $400.00 and set an “outperform” rating on the stock in a research report on Thursday, June 2nd. UBS Group lowered their price target on MongoDB from $430.00 to $390.00 and set a “buy” rating on the stock in a research report on Thursday, September 1st. Robert W. Baird lowered their price target on MongoDB from $360.00 to $330.00 and set an “outperform” rating on the stock in a research report on Thursday, September 1st. Finally, Canaccord Genuity Group lifted their price target on MongoDB from $300.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, September 1st. One investment analyst has rated the stock with a sell rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and an average target price of $386.83.

MongoDB Stock Performance

Shares of MDB stock opened at $209.46 on Thursday. MongoDB has a 1-year low of $209.45 and a 1-year high of $590.00. The company has a current ratio of 4.02, a quick ratio of 4.02 and a debt-to-equity ratio of 1.70. The company has a market capitalization of $14.39 billion, a price-to-earnings ratio of -39.08 and a beta of 0.95. The stock’s fifty day simple moving average is $302.92 and its 200-day simple moving average is $316.17.

MongoDB (NASDAQ:MDBGet Rating) last issued its quarterly earnings results on Wednesday, August 31st. The company reported ($1.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.52) by ($0.17). MongoDB had a negative net margin of 33.43% and a negative return on equity of 52.05%. The business had revenue of $303.66 million for the quarter, compared to analysts’ expectations of $282.31 million. During the same quarter in the prior year, the firm posted ($1.15) EPS. The business’s quarterly revenue was up 52.8% compared to the same quarter last year. On average, sell-side analysts predict that MongoDB will post -5.36 earnings per share for the current fiscal year.

MongoDB Company Profile

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MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

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