Investors Purchase High Volume of MongoDB Call Options (NASDAQ:MDB)

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

Insider Buying and Selling at MongoDB

In other MongoDB news, insider Cedric Pech sold 287 shares of MongoDB stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total transaction of $67,183.83. Following the transaction, the insider now owns 24,390 shares of the company’s stock, valued at $5,709,455.10. The trade was a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Michael Lawrence Gordon sold 5,000 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $290.31, for a total value of $1,451,550.00. Following the completion of the sale, the chief financial officer now directly owns 80,307 shares of the company’s stock, valued at $23,313,925.17. The trade was a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,161 shares of company stock worth $8,427,806 over the last three months. Insiders own 3.60% of the company’s stock.

Institutional Trading of MongoDB

Several large investors have recently modified their holdings of the business. Private Advisor Group LLC increased its position in MongoDB by 167.4% during the 2nd quarter. Private Advisor Group LLC now owns 6,324 shares of the company’s stock worth $1,581,000 after purchasing an additional 3,959 shares in the last quarter. Asset Dedication LLC purchased a new stake in shares of MongoDB during the second quarter worth about $41,000. Acadian Asset Management LLC raised its position in shares of MongoDB by 1,677.3% in the second quarter. Acadian Asset Management LLC now owns 3,679 shares of the company’s stock valued at $916,000 after buying an additional 3,472 shares during the last quarter. Quest Partners LLC purchased a new position in shares of MongoDB during the second quarter valued at approximately $160,000. Finally, Wedbush Securities Inc. boosted its position in MongoDB by 20.7% during the second quarter. Wedbush Securities Inc. now owns 2,739 shares of the company’s stock worth $685,000 after acquiring an additional 470 shares during the last quarter. 89.29% of the stock is currently owned by institutional investors and hedge funds.

MongoDB Stock Performance

MDB opened at $248.68 on Thursday. MongoDB has a one year low of $212.74 and a one year high of $509.62. The company has a market cap of $18.52 billion, a price-to-earnings ratio of -90.76 and a beta of 1.25. The business’s fifty day moving average is $283.52 and its two-hundred day moving average is $269.30.

MongoDB (NASDAQ:MDB) last released its quarterly earnings data on Monday, December 9th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The business had revenue of $529.40 million for the quarter, compared to analyst estimates of $497.39 million. During the same period in the previous year, the firm earned $0.96 EPS. The business’s revenue for the quarter was up 22.3% compared to the same quarter last year. On average, analysts predict that MongoDB will post -1.86 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MDB. Stifel Nicolaus raised their price objective on shares of MongoDB from $325.00 to $360.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Tigress Financial raised their price target on MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Citigroup boosted their price target on MongoDB from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Monday, December 16th. DA Davidson increased their price objective on MongoDB from $340.00 to $405.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, JMP Securities reissued a “market outperform” rating and issued a $380.00 target price on shares of MongoDB in a report on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, MongoDB has an average rating of “Moderate Buy” and an average target price of $367.14.

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.