MongoDB Sees Unusually High Options Volume (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDB) was the recipient of unusually large options trading on Wednesday. Traders bought 23,831 put options on the stock. This is an increase of 2,157% compared to the average volume of 1,056 put options.

MongoDB Price Performance

MDB stock traded down $11.82 during trading on Friday, reaching $279.77. 1,763,926 shares of the company were exchanged, compared to its average volume of 1,432,002. MongoDB has a 52-week low of $212.74 and a 52-week high of $509.62. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.03 and a current ratio of 5.03. The company has a market cap of $20.67 billion, a P/E ratio of -92.64 and a beta of 1.15. The stock’s 50 day moving average price is $278.14 and its 200 day moving average price is $275.57.

MongoDB (NASDAQ:MDB) last released its quarterly earnings results on Thursday, August 29th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.21. The business had revenue of $478.11 million for the quarter, compared to analysts’ expectations of $465.03 million. MongoDB had a negative return on equity of 15.06% and a negative net margin of 12.08%. The company’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.63) EPS. As a group, analysts predict that MongoDB will post -2.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Needham & Company LLC boosted their price target on shares of MongoDB from $290.00 to $335.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Royal Bank of Canada reissued an “outperform” rating and issued a $350.00 price target on shares of MongoDB in a research report on Friday, August 30th. JMP Securities reaffirmed a “market outperform” rating and issued a $380.00 target price on shares of MongoDB in a report on Friday, August 30th. Oppenheimer raised their price target on MongoDB from $300.00 to $350.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Finally, Stifel Nicolaus boosted their price objective on shares of MongoDB from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $336.54.

Insider Buying and Selling

In other news, CAO Thomas Bull sold 154 shares of MongoDB stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $256.25, for a total value of $39,462.50. Following the sale, the chief accounting officer now directly owns 16,068 shares of the company’s stock, valued at $4,117,425. The trade was a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dwight A. Merriman sold 3,000 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $269.57, for a total value of $808,710.00. Following the completion of the transaction, the director now directly owns 1,127,006 shares of the company’s stock, valued at approximately $303,807,007.42. This represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,281 shares of company stock valued at $6,657,121 over the last ninety days. Company insiders own 3.60% of the company’s stock.

Institutional Trading of MongoDB

Several large investors have recently modified their holdings of MDB. Aigen Investment Management LP purchased a new position in shares of MongoDB during the 3rd quarter worth $1,045,000. Sanctuary Advisors LLC acquired a new stake in MongoDB in the 2nd quarter worth about $1,860,000. Sycomore Asset Management grew its holdings in MongoDB by 86.4% in the 2nd quarter. Sycomore Asset Management now owns 53,568 shares of the company’s stock valued at $12,884,000 after buying an additional 24,827 shares during the period. Cetera Investment Advisers increased its stake in shares of MongoDB by 327.6% during the 1st quarter. Cetera Investment Advisers now owns 10,873 shares of the company’s stock valued at $3,899,000 after acquiring an additional 8,330 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of MongoDB by 179.7% during the 1st quarter. SG Americas Securities LLC now owns 7,142 shares of the company’s stock worth $2,561,000 after acquiring an additional 4,589 shares during the period. 89.29% of the stock is currently owned by institutional investors and hedge funds.

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.