MongoDB Sees Unusually Large Options Volume (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDB) was the target of some unusual options trading on Wednesday. Stock investors bought 36,130 call options on the company. This is an increase of approximately 2,077% compared to the average volume of 1,660 call options.

MongoDB Trading Down 2.0 %

Shares of NASDAQ:MDB opened at $342.75 on Thursday. The company has a market capitalization of $24.96 billion, a P/E ratio of -138.21 and a beta of 1.19. MongoDB has a 1 year low of $212.52 and a 1 year high of $509.62. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40. The business’s 50 day simple moving average is $399.36 and its 200 day simple moving average is $390.78.

MongoDB (NASDAQ:MDB) last issued its earnings results on Thursday, March 7th. The company reported ($1.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.32). The business had revenue of $458.00 million during the quarter, compared to analyst estimates of $431.99 million. MongoDB had a negative net margin of 10.49% and a negative return on equity of 16.22%. On average, research analysts anticipate that MongoDB will post -2.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MDB. Redburn Atlantic reiterated a “sell” rating and issued a $295.00 price objective (down previously from $410.00) on shares of MongoDB in a research report on Tuesday, March 19th. JMP Securities reissued a “market outperform” rating and issued a $440.00 target price on shares of MongoDB in a research note on Monday, January 22nd. Truist Financial boosted their target price on MongoDB from $440.00 to $500.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. Stifel Nicolaus restated a “buy” rating and issued a $435.00 price target on shares of MongoDB in a report on Thursday, March 14th. Finally, UBS Group restated a “neutral” rating and issued a $410.00 price target (down from $475.00) on shares of MongoDB in a report on Thursday, January 4th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $448.74.

Insider Activity

In other MongoDB news, CAO Thomas Bull sold 170 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total value of $59,180.40. Following the sale, the chief accounting officer now owns 17,360 shares of the company’s stock, valued at approximately $6,043,363.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Thomas Bull sold 170 shares of MongoDB stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $348.12, for a total transaction of $59,180.40. Following the sale, the chief accounting officer now owns 17,360 shares of the company’s stock, valued at approximately $6,043,363.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dwight A. Merriman sold 2,000 shares of MongoDB stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $365.00, for a total value of $730,000.00. Following the sale, the director now directly owns 1,154,784 shares in the company, valued at approximately $421,496,160. The disclosure for this sale can be found here. In the last quarter, insiders have sold 92,802 shares of company stock valued at $36,356,911. Insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MDB. Raymond James & Associates lifted its stake in shares of MongoDB by 32.0% in the 1st quarter. Raymond James & Associates now owns 4,922 shares of the company’s stock valued at $2,183,000 after acquiring an additional 1,192 shares during the last quarter. PNC Financial Services Group Inc. raised its position in MongoDB by 19.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,282 shares of the company’s stock worth $569,000 after purchasing an additional 206 shares during the last quarter. MetLife Investment Management LLC bought a new position in MongoDB during the 1st quarter worth $1,823,000. Panagora Asset Management Inc. raised its position in MongoDB by 9.8% during the 1st quarter. Panagora Asset Management Inc. now owns 1,977 shares of the company’s stock worth $877,000 after purchasing an additional 176 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its holdings in MongoDB by 100.3% during the 1st quarter. Vontobel Holding Ltd. now owns 2,873 shares of the company’s stock worth $1,236,000 after acquiring an additional 1,439 shares during the period. 89.29% of the stock is currently owned by institutional investors.

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.