MongoDB Sees Unusually Large Options Volume (NASDAQ:MDB)

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

Insider Buying and Selling at MongoDB

In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $404.20, for a total transaction of $404,200.00. Following the completion of the transaction, the director now owns 527,896 shares in the company, valued at approximately $213,375,563.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other MongoDB news, Director Dwight A. Merriman sold 1,000 shares of MongoDB stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $404.20, for a total transaction of $404,200.00. Following the completion of the transaction, the director now owns 527,896 shares in the company, valued at approximately $213,375,563.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dev Ittycheria sold 33,000 shares of MongoDB stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $405.77, for a total value of $13,390,410.00. Following the transaction, the chief executive officer now owns 198,166 shares of the company’s stock, valued at approximately $80,409,817.82. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,802 shares of company stock worth $36,356,911. Insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Transcendent Capital Group LLC purchased a new stake in MongoDB in the fourth quarter valued at approximately $25,000. KB Financial Partners LLC purchased a new stake in MongoDB in the second quarter valued at approximately $27,000. Bessemer Group Inc. purchased a new stake in MongoDB in the fourth quarter valued at approximately $29,000. BluePath Capital Management LLC purchased a new stake in MongoDB in the third quarter valued at approximately $30,000. Finally, Blue Trust Inc. raised its position in MongoDB by 937.5% in the fourth quarter. Blue Trust Inc. now owns 83 shares of the company’s stock valued at $34,000 after purchasing an additional 75 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Trading Down 2.1 %

Shares of MongoDB stock opened at $335.55 on Friday. MongoDB has a 1-year low of $212.52 and a 1-year high of $509.62. The stock has a market cap of $24.44 billion, a P/E ratio of -135.30 and a beta of 1.19. The stock’s 50 day simple moving average is $397.07 and its 200-day simple moving average is $390.45. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.40 and a quick ratio of 4.40.

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

Analyst Ratings Changes

MDB has been the subject of several recent analyst reports. Citigroup lifted their price target on MongoDB from $515.00 to $550.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Truist Financial lifted their price target on MongoDB from $440.00 to $500.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. Needham & Company LLC restated a “buy” rating and issued a $465.00 price target on shares of MongoDB in a research note on Tuesday, April 9th. Guggenheim lifted their price target on MongoDB from $250.00 to $272.00 and gave the company a “sell” rating in a research note on Monday, March 4th. Finally, Redburn Atlantic restated a “sell” rating and issued a $295.00 price target (down previously from $410.00) on shares of MongoDB in a research note on Tuesday, March 19th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, MongoDB has a consensus rating of “Moderate Buy” and an average target price of $444.93.

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.