Traders Buy Large Volume of Call Options on MongoDB (NASDAQ:MDB)

MongoDB, Inc. (NASDAQ:MDB) saw some unusual options trading activity on Wednesday. Traders purchased 36,130 call options on the company. This represents an increase of approximately 2,077% compared to the typical volume of 1,660 call options.

Wall Street Analyst Weigh In

Several research firms have issued reports on MDB. Needham & Company LLC upped their price objective on MongoDB from $335.00 to $415.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Stifel Nicolaus upped their price target on MongoDB from $325.00 to $360.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Monness Crespi & Hardt lowered MongoDB from a “neutral” rating to a “sell” rating and set a $220.00 price objective for the company. in a research report on Monday, December 16th. DA Davidson boosted their price objective on MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Canaccord Genuity Group raised their target price on shares of MongoDB from $325.00 to $385.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, MongoDB currently has an average rating of “Moderate Buy” and an average price target of $361.00.

MongoDB Trading Down 1.7 %

Shares of NASDAQ MDB opened at $290.00 on Friday. The company has a fifty day moving average price of $261.59 and a 200 day moving average price of $273.25. MongoDB has a 1-year low of $212.74 and a 1-year high of $459.70. The firm has a market cap of $21.60 billion, a PE ratio of -105.84 and a beta of 1.28.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.48. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. The company had revenue of $529.40 million during the quarter, compared to analysts’ expectations of $497.39 million. During the same period in the prior year, the firm earned $0.96 earnings per share. MongoDB’s revenue for the quarter was up 22.3% compared to the same quarter last year. Equities research analysts forecast that MongoDB will post -1.78 EPS for the current year.

Insider Activity

In related news, CAO Thomas Bull sold 1,000 shares of MongoDB stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $355.92, for a total value of $355,920.00. Following the completion of the transaction, the chief accounting officer now directly owns 15,068 shares of the company’s stock, valued at $5,363,002.56. The trade was a 6.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $267.85, for a total transaction of $1,339,250.00. Following the transaction, the chief financial officer now owns 80,307 shares in the company, valued at approximately $21,510,229.95. This trade represents a 5.86 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,979 shares of company stock worth $11,963,757. Insiders own 3.60% of the company’s stock.

Institutional Trading of MongoDB

Hedge funds and other institutional investors have recently made changes to their positions in the business. B.O.S.S. Retirement Advisors LLC bought a new position in MongoDB in the fourth quarter valued at $606,000. Aigen Investment Management LP acquired a new position in shares of MongoDB during the 3rd quarter worth about $1,045,000. Geode Capital Management LLC grew its holdings in shares of MongoDB by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,230,036 shares of the company’s stock valued at $331,776,000 after acquiring an additional 34,814 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of MongoDB in the third quarter valued at about $4,366,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in MongoDB by 2.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 278,419 shares of the company’s stock worth $75,271,000 after acquiring an additional 7,575 shares in the last quarter. 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.